In a global setting, doing business the right way can be a challenge. But to help companies move beyond the traditional compliance standards, Ethisphere recently hosted the first of a three-part webcast series titled, The Department of Know: Processes and Practices of Leading Compliance Programs – And How to Move Your Own Company Forward. Through an exclusive first-look at the 2016 World’s Most Ethical Companies dataset companies had the opportunity to get a first-hand look at the benefits of measurement and evaluation through benchmarking. The webcast featured Ethisphere’s Douglas Allen, Managing Director, Data Services; and Erica Salmon Byrne, EVP and Executive Director of Business Ethics Leadership Alliance.
According to the data provided, one emerging trend suggests that authority and reach remain a hallmark of leading compliance and ethics programs. “The larger the program, the more time an employee will spend managing it,” said Byrne. “At the end of the day, you need to ask yourself, does my program have significant authority? And do people pay attention when I talk? If the answer to that question is no, then you have some work to do from a structural perspective.”
Other highlights included:
- What the best companies and their leaders are doing to make their programs effective and efficient
- Decisions about a program’s staff and resources
- Benchmarking: Compare the way your compliance office functions to those of leading organizations
- Understanding more about what differentiates the 2016 World’s Most Ethical Companies from others
This webcast was the first in the 3-part series and included key data from the 2016 World’s Most Ethical Companies® and trends over the last 3 years.