the company’s reputation and lost business opportunities, american flag mickey mouse crocband clog make compliance the more attractive alternative to lengthy investigations and possible criminal prosecution. of time designing and establishing systems,
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check on improving engagement with a process, program, product, or offering is to survey the “customers”. In this case, the customers are our stakeholders; employees, american flag mickey mouse crocband clog suppliers, partners, and distributors. They should all provide feedback on improving the program. Armed with that input we are well-positioned continuously make the right changes and exceed expectations. It is important to note, however, that creating a supportive corporate culture means sustaining an environment in which employees care not just about the risk of getting caught, but, even more importantly, about the importance of acting legally and ethically in the first place. Hence, establishing and sustaining a corporate culture of compliance equals endorsing all the values and beliefs that relate to the term.
Commitment and engagement manifest in educating and training management, employees and third parties in compliance with the company’s anti-corruption policies and procedures. Establishing a culture of compliance also means providing a forum for feedback, regular monitoring and assessment of risk activities and regular evaluation of the compliance program. Last, but not least, establishing channels that allow for anonymous reporting and guidance about prohibited conduct without fear of retaliation. In effect, putting in place an effective compliance program would, ideally, prevent companies and their employees from committing corruption offenses. Realistically, a well-established and efficient compliance program should allow for the early detection of offenses and, in turn, allows companies to take remedial action. The year 2016 set the record for FCPA enforcement; 27 companies paid about USD 2.48 billion to resolve FCPA cases. Indeed, prosecutors rely on large criminal fines for companies and jail time for executives to deter corruption offenses. These direct costs, together with indirect damage to