Organizations Score Well on Policy and Procedures Attestation – but Struggle to Measure Program Effectiveness

Organizations Score Well on Policy and Procedures Attestation – but Struggle to Measure Program Effectiveness

6 years ago
Anonymous $2WKDXfy9lA

https://www.businesswire.com/news/home/20180531005442/en/

PORTLAND, Ore.--(BUSINESS WIRE)--May 31, 2018--Leading ethics and compliance software and services company, NAVEX Global ® today announced the release of its 2018 Ethics & Compliance Policy & Procedure Management Benchmark Report. Eighty-six percent of respondents said they require employees to attest to having received and read a policy or procedure. But just 15 percent of those reported using metrics to confirm employees’ understanding through their automated policy software solution -- and nearly one-third of organizations don’t measure effectiveness at all.

The findings, based on a survey of 1,200 respondents, come after the US Justice Department’s Evaluation of Corporate Compliance Programs released guidance in 2017 to prepare organizations for potential audits. The suggestions include providing proof of employee attestation as well as connecting policies to metrics that demonstrate success at reducing or prohibiting misconduct along with a process for revising them as needed.

Organizations Score Well on Policy and Procedures Attestation – but Struggle to Measure Program Effectiveness

May 31, 2018, 11:15am UTC
https://www.businesswire.com/news/home/20180531005442/en/ > PORTLAND, Ore.--(BUSINESS WIRE)--May 31, 2018--Leading ethics and compliance software and services company, NAVEX Global ® today announced the release of its 2018 Ethics & Compliance Policy & Procedure Management Benchmark Report. Eighty-six percent of respondents said they require employees to attest to having received and read a policy or procedure. But just 15 percent of those reported using metrics to confirm employees’ understanding through their automated policy software solution -- and nearly one-third of organizations don’t measure effectiveness at all. > The findings, based on a survey of 1,200 respondents, come after the US Justice Department’s Evaluation of Corporate Compliance Programs released guidance in 2017 to prepare organizations for potential audits. The suggestions include providing proof of employee attestation as well as connecting policies to metrics that demonstrate success at reducing or prohibiting misconduct along with a process for revising them as needed.