...There are inductions, contract of employment and there is a policy, which is send to everybody that they suppose to read.” (Head of Risk Policy, Governance and Reporting) The internal policy is available on the intranet, the internal webpage, and is very feasible. (Head of Risk Policy, Governance and Reporting) Moreover, there is a dedicated phone line, employees can call, as well as multiple ways of raising the concern internally. It can be reported directly to the non-executive director. (Head of Group Internal Audit; Head of Risk Policy, Governance and Reporting) The organization regularly review and update the whistleblowing policy. Once it is updated, it is communicated to all the employees about the recent changes. (Head of HR Business Partnering) The non-executive director is responsible for the whistleblowing process and it provides the independence in the oversight. (Head of Group Internal Audit; Head of Risk Policy, Governance and...
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...International Diploma in Compliance Assignment due date - 29th August, 2011 Industry - Banking Board Memorandum To : Board of Directors Executive Management Subject : Recommendations to promote the independence of the Compliance Function Date : 29th August, 2011 In reviewing last year regulator’ report on our bank, the bank have been imposed more than fifteen major violations from the regulators and some of the violations have got the bank into paying a huge amount of penalties. When penalties imposed the reputation of the bank will be at risk and this risk will lead the bank to financial loss. The bank has to redefine its risk measures and practices to avoid such failure in meeting regulators needs and meet all compliance requirements. Compliance Risk Our bank is conceder to be one of the leader banks nationally and internationally and in order to keep this position the bank has to manage its compliance risk strictly starting from compliance function. The very common practice which conceder to be an issue from a regulatory aspect is going through all the rules and regulations and stating we are in compliance with them and we are not 100% complied. Now it is the time for the bank to put a full stop on such kind of issues and focus on working on compliance risk by having an effective and efficient compliance function. Effective Compliance Function In April 2005 Basel Committee on Banking Supervision released a paper on Compliance and the Compliance...
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...Individual Project Proposal Sara Eisenhower CMGT/410 November 10, 2014 Chanda Sanders University of Phoenix Riordan Enterprises To: Senior management and department heads From: Sara Eisenhower CC: Branch managers Date: November 10, 2014 Re: Implementation of New Companywide Compliance System and Policies Comments: Since Riordan Manufacturing is showing such quick growing expansion potential and opening new branches worldwide it is imperative that we institute a new companywide compliance system. With that new compliance system new policies will also be introduced. It is imperative that all senior management and department heads are thoroughly trained in the new system and policies in order to properly train their staff. This project and the training it encompasses will henceforth be referred to as Icarus Project. Stakeholders While the Icarus Project will impact all employees companywide its main focus will be on the senior management and department heads. Management is affected directly as they will be the ones physically attending the training sessions. The branch employees will not immediately be affected as they will not begin being trained until the management have been fully trained in the new compliance system and policies. The CEO of Riordan Manufacturing will need to be kept in the loop and updated regularly on the progress of the training sessions and will provide feedback and constructive criticism when or if necessary. It will be required...
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...A. Compliance Status The Joint Commission, JC, conducts reviews to provide accreditation to facilities based on compliance with federal and state rules and regulations as well as the accrediting body’s standards. The Accreditations Audit Case Study on Nightingale Community Hospital, NCH, for this task is based on documentation reviewed and pre-survey data collection thirteen months prior to the next Joint Commission review. This discussion provides an executive summary and current compliance status for one priority focus area for NCH as well as Plan of Correction and Justification for the needed actions. JC standards outline priority focus areas in the areas of Assessment and Care/Services, Quality Improvement Expertise/Activities, Communication, Infection Control and Patient Safety. For the purpose of this discussion, the Primary Focus Area of Communication will be discussed as it pertains to NCH. The JC Standards identify communication as the process for information exchange between organizations, departments, or individuals. This includes provider and staff communication, staff-to-patient communication, patient and family education, collaboration of services, multidisciplinary team work, and information dissemination. In preparation for the JC accreditation review, NCH reviewed the JC Communication standards pulled from UP.01.01.01; UP.01.02.01; and UP.01.03.01 and compared against the NCH policy and operations as well as data collected through the General Safety...
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...England Compliance Management Framework and Procedures Document data: | Document type: | Framework and Procedures | Administering entity: | Audit and Risk Directorate | Records management system number: | D12/50959 | Date approved: | 4th October 2012 | Approved by: | Vice-Chancellor | Indicative time for review: | Maximum 2 years from approval date | Responsibility for review: | Audit and Risk Directorate | Related policies or other documents: | Compliance Policy | | Risk Management Policy and Guidelines | | Code of Conduct | | Records Management Policy | | AS3806- 2006 Compliance programs | Staff contact for advice: | Legal Counsel and Executive Director of GovernanceDirector Audit and Risk | Revision history: | | * Table of Contents Section 1 : Compliance Management Framework 4 1. Purpose 4 2. Scope 4 3. Compliance Management Introduction 4 4. The Policy 7 5. Risk Management 7 6. Compliance Management Process 8 7. Responsibility and Accountability Structure 9 7.1 Overview 9 7.2 Council 9 7.3 Vice-Chancellor and CEO 10 7.4 Executive Management 10 7.5 Managers 11 7.6 Audit and Risk Directorate (ARD) 11 7.7 Employees 12 8. Reporting Responsibilities 12 8.1 Annual Reporting 12 8.2 Obligations Register 12 8.3 Breach reporting and management 13 8.4 External Reporting Requirements 13 9. Annual Compliance Management Calender 14 Section 2 : Compliance Management...
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...Project Part 1 Task 1: Risk Management Plan EC-Council University Introduction A risk management plan (RMP) is important to the DLIS and DLA because it will help us to identify and mitigate IT risks before they become catastrophic issues. This RMP will outline the objectives of the DLIS, the risks associated with the DLIS IT infrastructure, quantify these risks, develop a response plan to these risks by identifying roles and responsibilities of individuals, and control these risks. Controlling the risks that have been identified will happen in one of two methods: establish a reserve by allocating risk contingencies for known risks or through the continuous monitoring established as part of this plan. Outline for RMP 1) Identify the objectives of the DLIS a) Organizational financial goals b) Organizational risk acceptance levels c) Organizational business goals 2) Identify risks d) Identify potential risks to the DLIS infrastructure e) Review previous RMP’s for identified risks and their priority levels 3) Develop a Response Plan f) Define each risk, to include probability and potential negative impact g) Identify roles and responsibilities of individuals and organizations to mitigate risks 4) Quantify Each Risk Identified h) Identify high cost objectives i) Identify high cost mitigation techniques j) Identify high loss critical infrastructure 5) Control Risk k) Establish...
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...Chain of Command Head of Consumer Banking Development Product sales in all channels Phone banking Product development Collection Product Launch Product Marketing & ATMs Marchant Acquiring Marketing campaign for all channels Priority Banking Customer Service Market Intelligence DSE Management Relationship Management Tele Sales Product Secured, Unsecured, Liabilities Branches Direct Sales Credit Corporate and Institutional Banking Sr. Relationship Manager Sr. Relationship Manager Relationship Manager Sr. Relationship Manager Relationship Manager Relationship Manager Relationship Manager Sr. Credit Analyst Credit Risk Manager Credit Risk Manager Sr. Sales Supporting Credit Risk Officer Credit Risk Officer Sr. Business Dev. Manager...
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...BANKING AND FINANCE ETHICS IN THE FIELD OF CORPORATE POLICIES Corporate Ethics The broad area dealing with the way in which a company behaves towards, and conducts business with, its internal and external stakeholders, including employees, investors, creditors, customers, and regulators. In certain national systems minimum standards are required or recommended in order to eliminate potential conflicts of interest or client/employee mistreatment. Corporate Policy A formal declaration of the guiding principles and procedures by which a company will operate typically established by its board of directors or a senior management policy committee. Imbedded in corporate policy are the company's mission statement, objectives and the principles by which strategic decisions are to be made. It also forms the basis for measuring performance and ensuring accountability at all levels of the company. Financial Institution (PBCom) Company Policies: 1. PBCom First The PBCom First Policy applies to all situations where an actual or potential conflict of interest exists. Being employees of the Bank, it is every employee’s duty to ensure that their personal interests do not conflict with the duties, which they must perform for the Bank, or with the duties which the Bank performs for its clients. When such situation occurs, employees must put the Bank’s interest over and above other interests. 2. Disclosure of Information The disclosure...
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...Corporate Compliance Plan: Riordan Manufacturing Law/531 Charles Cook February 21, 2011 Corporate Compliance Plan: Riordan Manufacturing Riordan Manufacturing Inc.(RM Inc.), established in 1991 by Dr. Riordan, developed quickly as a leader within Research and Development (R&D) and sales of plastic products. Clients, such as the Department of Defense, automotive segment manufacturers, multi-commerce transportation, and packaging plants. RM Inc. is competitive in multiple countries within the plastic mold industries. This positing within foreign customers leads the way for RM Inc. to expand across the boarders and develop further on many levels. To remain a respected leader within the multiple industries a strong corporate compliance plan is necessary. Prevention and management guidelines To ensure Riordan Manufacturing remains both ethical and on the right side of the law, preventative measures taken by all employees of RM, Inc. shall keep everyone accountable. Additionally, compliance with both federal and state regulations and foreign standards are imperative to follow. The focus of the compliance plan will demonstrate the commitment to compliance, along with laying down the required standards and the practices exceeding legal obligations. The company will adopt a proactive role in compliance issues to protect Riordan's interests, employees, environment, and the stakeholders. A compliance culture is likely to result in a higher level of compliance performance...
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...RUNNING HEAD: DRAFT REQUEST FOR PROPOSAL 1 Hanser T. Whitfield Strayer University Draft Request for Proposal Government Contract Law 505 Professor Pino May 5, 2013 RUNNING HEAD: DRAFT REQUEST FOR PROPOSAL 2 Apply the appropriate FAR clauses to meet compliance in contract formulation and award. In my position of Contracting Officer for the Department of Homeland Security (DHS), a determination has been made that an open bid for Security Guards is needed. The objective of this solicitation of Request for Proposal (RFP) is from, Federal Protective Services (FPS), to contract security guards that will provide security and law enforcement coverage to all Government Security Administration (GSA) owned and operated federal property. Security Guards employed under this contract responsibility include: federal access building control, employee and visitor identification checks, security equipment monitoring and roving patrols of the interior and exterior of federal property. (Congressional Research Service, 2009). The solicitation will require security guards at several GSA building and properties to protect homeland and manage risk to ensure the continuity of our national critical infrastructure, the nation’s federal facilities and their occupants. To ensure further protection of our building...
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...Running head: ACCREDITATION AUDIT- TASK 4 COMPLAINCE STATUS Joint Commission clearly explained that a Periodic Performance Review is as an assessment tool designed to help in assisting the healthcare organization contributes greatly in the improvement and monitoring performance all through the year. The periodic performance focuses more on the measures that has to do with patients safety and care and at same time given the facility for unremitting standards fulfillment. NCH is 100% compliance with most standards of Joint Commission in the following area; Emergency Management, Human resources, Infection Prevention and Control, Performance Improvement, Right and Responsibilities of the Individuals, Transplant Safety. During the inspection at the facility, the hospital was found to be non- compliant in this listed areas; Environment of Care, Leadership, Life Safety, universal protocol, Medication Management, Medical Staff, National Patient Safety Goals, Nursing, Record of Care, Treatment and Services, and provision of care During the PPR, the hospital was found with an increase cluster in the hallways, it is a fire hazard and a safety issue. The nurses are not familiar with verbal order procedures, using the range of orders that received and the abbreviations that are prohibited in the documents. From the trend, there are areas at which the hospital needs to implement proper education and audit. An action plan needs to be implemented by the administration to address the fallout...
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...to harm the employee. The main tort violation from the video involves the implied warrantee given by the Non-Linear Pro salesman. The manager of Quick Takes Video perceived the quote taken from the video Cheeseman (2010), “Any of your editors, if they’re computer savvy, they’re going to pick this up in a day, day and a half tops” (video, 02:79), as an expressed warrantee. This perception persuaded the manager to lease the equipment. Team A used enterprise risk management (ERM) to analyze the business risk associated with the violation (Harb, 2008). Adequate Compliance Standards and Procedures Company executives, managers, and supervisors of many businesses realize that the company that he or she heads should form a formal compliance program to ensure the company has a plan of action to protect the company from ethical and legal issues. With the recent downfalls of companies like Enron, many organizational heads must keep up with changes to the rules and guidelines that...
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... SOX Compliance Solution ***************** CMGT 16FEB2015 ******** SOX Compliance Solution The following Memo is to address the issue of organizing training for all company management personal, in the training of MetricStream© a software solution to The Sarbanes-Oxley Act (SOX). The Memo will address the main issue and how the training will be provided. The memo will also address how the company will be able to measure how successful the training was, and any problems that will be needed to be address had the company decided to conduct any future training sessions. MEMORANDUM TO: All Managers FROM: Head Office DATE: February 16, 2015 SUBJECT: SOX Compliance Solution Compliance to the Sarbanes-Oxley Act is mandatory and requires the financial reports are accurate and reviewed by internal auditors to ensure accountability ("The Sarbanes-Oxley Act ", 2006). To ensure adherence to the SOX requirements and in order to streamline the process while reducing cost at the same time; the company has decided to implement MetricStream© as a software solution for managing the requirements of the act. MetricStream© not only provides tools for the management of internal auditing and reporting process, but also provides a way to show evidence of report findings. This tool also provides collaborative assistance tools to streamline the underlining process required by section 302 of SOX (MetricStream, Inc, 2015). The training required as part of the implementation...
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...WHITEPAPER ON GLOBAL WORKFORCE COMPLIANCE. -Under the guidance of Faculty -Dr.Prof.Savita G.R (Asst.Prof.HR -Prin Welingkar Institute Of Management and Research, Bangalore) By: Ankita Shrivastava Student Of E-business We School,bangalore WHITEPAPER ON GLOBAL WORKFORCE COMPLIANCE- EXECUTIVE SUMMARY: Organizations are expanding at a great pace today. Mergers and Acquisitions have also increased many folds. With this there is the need for organizations to maintain a checklist of statutory, legal, business and domain specific compliances. Statutory compliances mainly includes compliance to minimum wages, ESI Act, PF Act, Apprentices Act, Contract labour Regulation and Abolition act, Industrial disputes Act, Payment of gratuity act, Equal Remuneration Act, Employee State remuneration act etc. At the organizational level, domain based compliances are also important. With organizations looking into more of mergers and acquisitions, the role of human resources is very vital to manage the cultural and language barriers. With this the objective of this paper is to throw light on various compliances to be ensured at the statutory level, role based and domain based level. OUTCOME: The outcome of this project is a recommended framework for Global HR Compliance with respect to legal, statutory regulations, employee leave management systems, role based compliance , organizational compliance and domain based compliances for any business during global expansions...
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...Incorporated comments from Andy Dickinson; approved. Forecast Changes: Anticipated Change When Reviewers: This document must be reviewed by the following: Name Signature Title / Responsibility Date Version Tim Davis Head of Information Governance Andy Dickinson Information Governance Compliance Manager Approvals: This document must be approved by the following: Name Signature Title / Responsibility Date Version Tim Davis Head of Information Governance Andy Dickinson Information Governance Compliance Manager Distribution: FileCM ESP Supplier Portal Document Status: This is a controlled document. Whilst this document may be printed, the electronic version maintained in FileCM is the controlled copy. Any printed copies of the document are not controlled. Related Documents: These documents will provide additional information. Ref no Doc Reference Number Title Version 1 NPFIT-SHR-QMS-PRP-0015 Glossary of Terms Consolidated.doc Glossary of Terms: List any new terms created in this document. Mail the NPO Quality Manager to have these included in the master glossary above [1]. Term Acronym Definition Contents 1 About this Document 5 1.1 Purpose 5 1.2 Audience 5 1.3 Content 5 2 Signature 6 3 ISO 27001 compliance 6 4 ISMS 7 4.1 ISMS Strategy 7 4.2 ISMS Topics 8 1 About this Document 1.1 Purpose All suppliers to NHS CFH are required to have an Information Security Management System (ISMS) in place, in order to provide an appropriate...
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