No Result
View All Result
SUBSCRIBE | NO FEES, NO PAYWALLS
MANAGE MY SUBSCRIPTION
NEWSLETTER
Corporate Compliance Insights
  • Home
  • About
    • About CCI
    • Writing for CCI
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Career Connection
  • Events
    • Calendar
    • Submit an Event
  • Library
    • Whitepapers & Reports
    • eBooks
    • CCI Press & Compliance Bookshelf
  • Podcasts
  • Videos
  • Subscribe
  • Home
  • About
    • About CCI
    • Writing for CCI
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Career Connection
  • Events
    • Calendar
    • Submit an Event
  • Library
    • Whitepapers & Reports
    • eBooks
    • CCI Press & Compliance Bookshelf
  • Podcasts
  • Videos
  • Subscribe
No Result
View All Result
Corporate Compliance Insights
Home Compliance

Despite Scandals, Corporations Still Failing at Effective Training

by Gregory Keating
August 17, 2017
in Compliance, Fraud
blindfolded businessman at edge of ravine

The Critical Importance of Training

Recent events clearly reflect the rising tide of liability risk companies face for retaliation against a whistleblower. Surprisingly, a survey just conducted by NAVEX Global reveals that many companies have not committed to compliance training.  Such training is critically important given recent regulatory and legislative developments, and the specific contours of a robust training program are examined in this article.

Liability risk for companies across America for compliance-related errors or omissions is rising dramatically.

Just in the last three months, we have seen a jury verdict in a whistleblower retaliation case result in over $10 million in damages. In addition, the SEC continues to issue a steady stream of “bounty” awards to individuals who identify fraud or wrongdoing in the workplace, including a $61 million bounty awarded in July 2017. More than ever, now is the time for companies to commit to compliance and to foster a transparent environment where individuals will come forward, knowing that their problems will be investigated and that they will not suffer any retaliation for raising an issue.

Bathed in this light, it is surprising and disturbing that a new survey strongly suggests that many companies are not investing in training on ethics and compliance.

The survey, conducted by leading compliance software firm NAVEX Global, found that 25 percent of nearly 1,000 compliance professionals reported that their organization does not even have a dedicated budget for training and that well over 90 percent don’t bother to track the return on investment for training. The survey also found that — for the first time since NAVEX Global has conducted this type of research — the stated reason for training was not “creating a culture of ethics and respect” but rather “complying with laws and regulations.” Also notable: the survey reported that training for board members fell from 58 percent to 44 percent.

These results are disturbing on a number of levels. First, numerous federal agencies are expressly urging employers to commit to training. In the past year, both the Department of Labor and the Equal Employment Opportunity Commission issued recommended guidelines strongly encouraging employers to conduct anti-retaliation training; those agencies have expressly indicated that a commitment to such training will be considered in assessing penalties should an individual experience retaliation. Second, certain states like California have recently passed legislation mandating that employers conduct training. Third, recent high-profile news reports such as the one involving Uber suggest that workplace cultures would benefit from enhanced training to foster transparency, respect and a commitment to refrain from retaliating against those who raise issues.

Employers contemplating training should strongly consider a robust investment in the training process. A seasoned approach to compliance training involves starting at the top with training of the board and the C-suite. Once leadership training is complete, organizations absolutely must engage in training of managers so they can understand evolving concepts like what constitutes “protected activity,” what is an “adverse action” and the critical role front-line managers play in the process of responding to employee concerns and ensuring they are investigated.

Another component of training is to provide all employees with enhanced awareness around how they can voice their concerns, what the organization will do to investigate such concerns and a strong message that the company will not tolerate reprisals for good faith concerns. Finally, once an organization has invested in the training process, it is critical to track return on that investment. One meaningful approach is to hold senior leadership and front-line managers accountable by measuring their commitment to compliance and issue resolution as part of their annual performance evaluation metrics.


Tags: Department of Labor (DoL)Training
Previous Post

Smarsh Adds Voice Archiving Offering with Acquisition of London-based Cognia

Next Post

A Guide for Supporting Payment Card Industry Data Security Standards

Gregory Keating

Gregory Keating

Gregory Keating, chair of the Choate’s Labor Employment & Benefits and Whistleblower Defense Groups, handles whistleblower and employment litigation, investigates allegations of retaliation and wrongdoing in the workplace and advises employers on compliance and employment matters. He was nominated to serve as a management representative on the Whistleblower Protection Advisory Committee in 2012 by U.S. Senators Michael Enzi and Johnny Isakson and was later appointed by Hilda Solis, U.S. Secretary of Labor.  In 2014, current U.S. Secretary of Labor Thomas Perez reappointed Mr. Keating to serve another two-year term. In spring 2014, he testified before the U.S. Senate at a hearing on whistleblower protections.  Mr. Keating has been named America’s Leading Lawyers for Business by Chambers USA, The Best Lawyers in America and Super Lawyers.  In addition, he serves on the Board of Advisors to the National Employment Law Institute. Mr. Keating, received a B.A. from Trinity College, and a J.D., cum laude, from Boston College Law School.

Related Posts

classroom

When It Comes to Compliance, Should We Educate or Train?

by Calvin London
November 16, 2022

A Gallup survey last year found that among employees who had received training on ethics and compliance, fewer than one...

ron desantis

Federal ESG Rulemaking Appears Set to Trigger Clashes With State Laws

by John Peiserich
November 16, 2022

As federal rulemakers continue to shape guidance around ESG, corporate leaders have eagerly awaited the hint of clarity the rules...

Anti-Kickback, Fraud, Stark And Marketing – Where Are The Landmines

Anti-Kickback, Fraud, Stark And Marketing – Where Are The Landmines

by Christina DiPinto
October 31, 2022

OVERVIEW This webinar will provide an in-depth understanding of the Federal False Claims Act, Federal Anti-Kickback, and Stark laws, and...

checklist

5 Tips to Gain Compliance on Your Compliance Training

by Stu Sjouwerman
October 12, 2022

We know that compliance doesn’t necessarily equal security and that training employees is vital to preventing cyber attacks. But a...

Next Post
Tempered Networks Whitepaper from Coalfire

A Guide for Supporting Payment Card Industry Data Security Standards

Compliance Job Interview Q&A

Jump to a Topic

AML Anti-Bribery Anti-Corruption Artificial Intelligence (AI) Automation Banking Board of Directors Board Risk Oversight Business Continuity Planning California Consumer Privacy Act (CCPA) Code of Conduct Communications Management Corporate Culture COVID-19 Cryptocurrency Culture of Ethics Cybercrime Cyber Risk Data Analytics Data Breach Data Governance DOJ Download Due Diligence Enterprise Risk Management (ERM) ESG FCPA Enforcement Actions Financial Crime Financial Crimes Enforcement Network (FinCEN) GDPR HIPAA Know Your Customer (KYC) Machine Learning Monitoring RegTech Reputation Risk Risk Assessment SEC Social Media Risk Supply Chain Technology Third Party Risk Management Tone at the Top Training Whistleblowing
No Result
View All Result

Privacy Policy

Founded in 2010, CCI is the web’s premier global independent news source for compliance, ethics, risk and information security. 

Got a news tip? Get in touch. Want a weekly round-up in your inbox? Sign up for free. No subscription fees, no paywalls. 

Follow Us

Browse Topics:

  • CCI Press
  • Compliance
  • Compliance Podcasts
  • Cybersecurity
  • Data Privacy
  • eBooks Published by CCI
  • Ethics
  • FCPA
  • Featured
  • Financial Services
  • Fraud
  • Governance
  • GRC Vendor News
  • HR Compliance
  • Internal Audit
  • Leadership and Career
  • On Demand Webinars
  • Opinion
  • Resource Library
  • Risk
  • Uncategorized
  • Videos
  • Webinars
  • Well-Being
  • Whitepapers

© 2022 Corporate Compliance Insights

No Result
View All Result
  • Home
  • About
    • About CCI
    • Writing for CCI
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Career Connection
  • Events
    • Calendar
    • Submit an Event
  • Library
    • Whitepapers & Reports
    • eBooks
    • CCI Press & Compliance Bookshelf
  • Podcasts
  • Videos
  • Subscribe

© 2022 Corporate Compliance Insights

Welcome to CCI. This site uses cookies. Please click OK to accept. Privacy Policy
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT