Ethics and Compliance Programs - Watermark Risk Management International, LLC


Ethics and Compliance Programs Studies have proven that organizations with a strong commitment to ethical business practices enjoy a competitive advantage in the marketplace – client and employee retention, customer satisfaction, and superior financial performance. Recent studies and surveys demostrate that ethical companies substantially outperformed the market in each of the last 5 years. The answer is clear – ethical performance is not only the right thing to do; it is the best thing you can do for your business. Managing fraud risk and compliance exposure is a critical priority across industries. Watermark can help your company meet compliance requirements and manage the risks so your business can focus on doing business. Watermark is proud to be one of the few ethics and compliance consulting firms in the US to offer full spectrum support to our clients’ ethics and compliance programs. Whether you need to develop a program from scratch or your mature program requires third party auditing, our certified ethics and compliance professionals can offer: A program customized to your company to help executive management see where the greatest risks may be percolating to effectively prevent, detect and respond to misconduct or fraudulent activity. A program that brings value to your company by mitigating the specific reputational, legal and regulatory risks it faces while leveraging the resources, processes and procedures already established. A program that reduces your company’s liability and your management team’s exposure in the event of criminal activity. Strong ethics and compliance programs aren’t only good business ideas, they’re the law. If your company has or anticipates a $5 Million contract with the US Government that will last more than 120 days, you’ll need to establish a program within 90 days of contract award. Similarly, if you’re a publicly traded company, you have ethics and compliance program requirements. These programs cannot simply be paper tigers – in April 2010 the Department of Justice announced that a compliance program, and the relative strength of the program, is a key factor in deciding whether and how to prosecute a corporation. Significantly, an effective compliance program may reduce your company’s liability, fines and imprisonment. Watermark offers your company personal attention and exceptional value in the process of establishing or improving your Ethics and Compliance Program. From drafting a customized Code of Conduct, developing and delivering engaging and innovative training programs, all the way through crafting processes to incentivize ethical conduct and auditing your program to ensure it is effective and efficient, Watermark has the expertise to guide your company on the path to your compliance goals. Our areas of expertise include: Standards and Procedures including Codes of Conduct Executive Oversight Education and Training Monitoring and Auditing Reporting and Investigation Reporting and Information Hotlines Enforcement and Discipline Response and Prevention
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