Welcome back as we dive into the role of HR in compliance and ethics. Today, we will explore the significant role of HR in operationalizing compliance within organizations. Join us as we uncover practical advice and data-driven insights on how HR can promote ethical behavior and create effective internal controls. According to the Department of Justice, promotions demonstrate a company’s commitment to compliance and ethics. By using advertisements to reinforce these values, organizations can showcase their dedication to fostering a culture of integrity and accountability.
The role of HR in corporate compliance programs should be more recognized. Suppose your company has a culture where compliance is perceived to compete or, worse yet, antithetical to HR. In that case, the company must hit all cylinders and may be moving towards dysfunction. Another way you can operationalize compliance is through HR’s involvement in employee promotion. Such compliance embedded into the promotion process can also be considered an internal compliance control. By doing so, your compliance may work to create an effective internal controls regime as mandated by the FCPA and other anti-corruption laws.
Three key takeaways:
- Denying a promotion or award due to an employee’s ethical lapses.
- Use promotions to reinforce your company’s commitment to compliance and ethics.
- Should you wait for great?
For more information, check out The Compliance Handbook, 4th edition here.
