- Are you a Talent Champion?
- Most have the ability.
- Most lack the commitment.
- Don't invest more time...
- ...just focus on 5 key areas
Due to increasing regulations and a more complex operating environment, leading companies are finding new ways to improve their risk management processes and ensure employees comply with key policies and laws. Forward-thinking organizations have identified corporate culture as an overlooked, emerging strategic and compliance risk
CEB's research has found that companies who spend time and effort on building a high-integrity corporate culture saw:
- 7.9% average annualized shareholder return for companies that excel in a two-way dialogue,
versus 2.1% at other companies
- 12% higher rate of employee discretionary effort
- 67% decrease in the most significant forms of business misconduct
Build a High Integrity Corporate Culture
The best way to quickly build Integrity Capital is proven and practical.
Based on findings from our four-year study of more than 500,000 employees within 125 companies, executives should ask themselves 3 important questions...
Download our report to learn what these questions are as well as the steps you can take to answer them for your organization.
Download your copy of Turning Ethics into Outcomes, an installment of our Executive Guidanceseries, to learn more.
Support for Legal, Risk and Compliance Executives
CEB's Legal, Risk and Corporate Compliance offerings provide the data-driven insight, authoritative guidance, and tailored support that the world's leading executives use to manage legal and compliance risk, make better decisions, and get important work done.
Assess the Cultural Attributes of Effective Risk Management
Expand evaluations to include providing assurance on the softer, cultural attributes of effective risk management.
Secure Executive and Board Support
Secure the necessary executive board support in order to pursue a robust ERM program.
Create Employee Training to Combat Corruption and Bribery
Incorporate specific training for local environments, supplement training time with actionable guidance and tools to support on-the-job decision making, and incorporate relevant messages into routine business activities.
Develop a Comprehensive Anti-Bribery Policy
Develop a policy that clearly communicates the requirements of the applicable anti-corruption laws and the steps that can be taken to ensure compliance.
Participate in the Enhancing Compliance Risk Mitigation Survey
Benchmark compliance risk mitigation approaches and identify the most effective strategies for risk reduction.
Perform a Legal and Compliance Risk Assessment
A Step-by-Step Implementation Guide
Conduct Training and Create Effective Communication
Raise employee awareness of the compliance program, create compelling compliance and ethics training deliver, effective training, and ensure ongoing training effectiveness
Build an Enterprise Risk Management Function
Tools to help you build the business case for ERM, define roles, create the functions and assess ERM health
Integrate Legal into Enterprise Risk Management (ERM)
Develop a single view into company risks to enhance accountability and reporting. The best companies resist however the pull to simplify all risk management into simplified models, instead concentrating on moving the knowledge about risks to those empowered to mitigate them.
Collaborate with Assurance Partners to Strengthen Oversight
Foster a strong cross-functional relationship with Internal Audit to develop an ongoing compliance monitoring and testing schedule
Develop Rapid Response Capabilities
Use the Legal Crisis Readiness Toolkit to pressure test contingency plans for their most critical corporate risks, ensuring a rapid and organized response to crises as soon as they emerge
Risk Management Executives
Foster a Risk-Aware Culture
Foster risk-aware cultures that facilitate the recognition and flow of vital information for avoiding risks.
Inform Management Risk Judgment
Focus risk mitigation efforts on finding information that can disprove management assumptions underlying critical decisions.
Stay Ahead of Emerging Risks
Review our monthly Emerging Risk Update and 2011 Hot Spots report