Corporate Ethics & Compliance
| Ref |
MG 531 |
| Dates |
17 - 21 October 2010 |
| Venue |
Dubai |
| Fees |
US$ 3850 |
| CPE
Credits |
30 |
INTRODUCTION
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Major corruption incidents can destroy companies and shareholder value.
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Corporate scandals are international news and have a global effect.
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Companies with a reputation for integrity and compliance attract investment and enhance shareholder investments.
These statements largely contain the answer to why Corporate Ethics and Compliance is now a major consideration for all international businesses. Practices such as bribery, money laundering, and price fixing are all subject to intense international scrutiny these days, conspiracies are quickly uncovered, and fines and penalties are now at such an order of magnitude that no company can afford to ignore them. Anti corruption treaties span the globe and many domestic laws now have extraterritorial reach.
Companies and other organizations who do business internationally or who work with major multinational customers, partners, investors or suppliers are all affected by these developments and ignorance of the nature and significance of these laws can have a major negative impact on business performance and development. An effective Compliance Programme will assist an organisation to manage corporate integrity risk and reduce the likelihood of catastrophic breaches of laws.
This programme is a designed to provide a full awareness of the scope of corporate integrity risk, current measures to combat fraud and corruption, the serious implications for business, and demonstrate the value of high standards of corporate ethics and compliance.
WHO SHOULD ATTEND?
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Senior managers and corporate leaders who need to understand and identify the risks for their organizations posed by recent developments in anti corruption measures.
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Professionals and managers within organizations that have business relationships with multinational organizations either as customers, partners, investors or suppliers
PROGRAMME OBJECTIVES
- Provide you with an understanding of the current global initiatives to combat corruption
- Outline the key rules and regulations applicable to corporate ethical compliance and the consequences of failure to adhere to them
- Identify the major compliance risk areas for companies and their employees
- Explain the essential components and benefits of an effective corporate compliance programme
- Explain how to handle issues resulting from real life corporate ethical dilemmas
PROGRAMME OUTLINE
DAY 1 – The International Framework
- International Treaties and Guidelines
- Transparency International
- Business Principles
- Domestic laws and regulations
- OECD Laws
- US Foreign Corrupt Practices Act
- Law and enforcement in Europe
- Breaking Headlines – Companies in the News
- The Risks to Business
- The Business Case
- Competitive Advantage - Hidden Values and Benefits
DAY 2 – Bribery and Corruption
- Identifying bribery
- Illegal payments
- Facilitating payments and extortion
- Third Party exposure
- Exceptions
- Accounting Fraud
- Accuracy of Accounts and Reporting
- Cash transactions
- Money laundering
DAY 3 – Essential Elements of an Effective Compliance Programme
- Standards of Compliance
- Leadership – Tone at the Top
- Corporate Values and Culture
- Risk Assessments
- Reporting and Transparency
- Open Culture
- Whistleblowers and Hotlines
- Communication and Training
- HR Procedures
- Discipline and Incentives
- Monitoring and Audit
- Policies and Procedures
- Agents, Consultants and Advisers
- Mergers and Acquisitions
- Code of Conduct
DAY 4 – Codes of Conduct
- Rules vs. Values
- Format and Language
- Compliance with Laws
- Finance & Accounting
- Gifts and Hospitality
- Custom and Culture
- Charitable and Political Donations
- Discrimination and Harassment
- Conflicts of Interest
- Fair Competition
DAY 5 – Making Compliance Work in the Business Environment
- Managing Third Party exposure
- Customers, Partners, Investors and Suppliers
- Certifications
- Documentation
- Joint Ventures and Acquisitions
- Reporting and Investigations
To
Register on this seminar, please click
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