Compliance101AGuidetoBuildingEffectiveCompliancePrograms.pptVIP

Lori A. Brown, Seton Hall University Nikita Williams, TCS Education System Christopher Myers, Holland Knight;Program Speakers Lori A. Brown, Esq.Director of Compliance Risk ManagementSeton Hall UniversitySouth Orange, NJ Nikita Williams, Esq. Director of Regulatory Affairs Compliance Office of Compliance and Legal Affairs TCS Education System Moderator Christopher Myers, Esq. Partner, Holland Knight Chair, Compliance Services Team ;Overview;Compliance Background;What is Compliance?;Why Have Organizational Compliance and ERM programs?;Business Reasons For Developing Compliance Programs;HIGHER ED INSTITUTION;Factors Affecting Organizational Context for Compliance;Smaller Organizations [M]ay meet the requirements of this guideline with less formality and fewer resources than would be expected of large organizations. In appropriate circumstances, reliance on existing resources and simple systems can demonstrate a degree of commitment that, for a large organization, would only be demonstrated through more formally planned and implemented systems.;Federal Sentencing Guidelines Manual Effective Compliance Programs Guidelines Commentary ;Practical Tools and References to Supplement Your Program Compliance Background;Associations with Reference Materials NACUA: / Society for Corporate Compliance and Ethics Association of Corporate Counsel: / ECOA : NACUBO: / Publications Ethikos Magazine: /ethikos/ Ethisphere Magazine: /?gclid=CMbC7siNtZ0CFdVL5QodnytqiQ ;II. Elements of an Effective Compliance Program; To have an effective compliance program, an organization must establish and maintain an organizational culture that “encourages ethical conduct and a commitment to compliance with the law.”U.S. Federal Sentencing Guidelines §8B2.1(a)(2) ;Eight Elements of an Effective Compliance Program:;Standards enforced through well-publicized disciplinary guidelines Internal compliance monitoring Response to detected offenses (including remediation of ha