CE-103 ETHICS AND COMPLIANCE ESSENTIALS FOR GLOBAL COMPANIES

CE-103 ETHICS AND COMPLIANCE ESSENTIALS FOR GLOBAL COMPANIES

DESCRIPTION

Organizations frequently face bribery and corruption situations in business dealings. According to Transparency International, highly corrupt countries far outnumber low corruption countries. As a result, there has been a recent surge in legislation across the globe against bribery and corruption. New international laws are establishing standards for accounting, the internal control environment, and corporate governance. Many of these new standards focus specifically on an organization’s efforts to prevent bribery. Due to strengthened international enforcement that is more aggressive and more stringent than ever, an organization’s exposure for criminal liability has significantly increased.

 

Recent high-profile cases such as Odebrecht in South America, Keppel Offshore in Singapore, Siemens and Rolls-Royce across several countries are some examples of how organizations can get into trouble due to bribery and corruption.  This course will educate participants on the elements of an effective Business Practices (Ethics and Compliance) Program and how to prevent and detect organizational misconduct and protect the organization, its Board, Executives, employees, and its customers and minimize legal violations and exposure.

LEARNING OBJECTIVES:

  • Learn the essential elements and current best practices for effective policies and procedures for Ethics and Compliance
  • Understand the U.S. Department of Justice’s 2017 Evaluation of Corporate Compliance Programs and the U.S. Federal Sentencing Guidelines expectations
  • Understand common situations where corruption, bribery, and collusion are common and the strategies for mitigation
  • Identify key elements of significant international anti-corruption initiatives such as the U.S. Foreign Corrupt Practices Act (FCPA), the UK Bribery Act, Canada’s Corruption of Foreign Public Officials Acts. and others
  • Understand facilitation payments – when they are, and are not, allowed
  • Learn to identify red flag situations – contract wording, conflicts of interest, gifts, etc.
  • How to best implement a Whistleblower Reporting system and Investigation Protocols

 

COURSE OUTLINE

Essential Elements of Effective Policies and Procedures

  • Tone at the Top and assessing the compliance culture
  • Code of conduct
  • Oversight, responsibility, and accountability
  • Assessing your organization’s ethics and compliance culture
  • Training for the organization

U.S. Sentencing Guidelines and expectations

  • Standards and policies
  • Governing authority
  • Communication, training, and awareness
  • Monitoring and auditing
  • Response plans and enforcement
  • Mitigation efforts

Common Situations, Risks, and Red Flags

  • What constitutes bribery and corruption
  • Third parties (sub-contractors, distributors, agents, and JVs)
  • Dealing with governments and state-owned enterprises
  • High-risk locations and industries
  • Transactional, contractual terms and conditions, conflicts of interest, and payment risks
  • Use of “consultants” and other intermediaries

Key Elements of the key International Legislation

  • Prohibits private and public bribery (UK)
  • Prohibits facilitations payments (UK/Canada)
  • Accounting and internal control standards (U.S./Canada)
  • Requires a formal Compliance Program (Brazil/Argentina)

Common Mitigation Strategies and Approaches

  • Baseline risk assessment
  • Pre-approval for high-risk transactions
  • Avoiding conflicts of interest
  • Third party screening and vetting (due diligence)
  • Whistleblower reporting system
Duration

CPE

Delivery

Field

Level

Who Should Attend

 

 

 

Prerequisites

Advanced Preparation

2 Days

16

Group-Live

Regulatory Ethics (Technical)

Intermediate

Compliance Staff and Managers, Internal Audit Staff and Management; Fraud Investigators and Managers; Financial; Operational, Internal, IT, and External Auditors; Audit Managers; Risk and Compliance Managers and Officers; Information Security Professionals

Professionals with at least 2 years of experience

None