Day 25 - Responding to Investigative Findings

Welcome to a special podcast series on the Compliance Podcast Network, 31 Days to a More Effective Compliance Program. Over these 31 days of the series in January 2025, Tom Fox will post a key part of a best practices compliance program daily. By the end of January, you will have enough information to create, design, or enhance a compliance program. Each podcast will be short, at 6–8 minutes, and will include three key takeaways you can implement at little or no cost to help update your compliance program. I hope you will join us each day in January for this exploration of best practices in compliance. On Day 25, we consider the critical importance of addressing investigative findings within a corporate compliance framework. When a whistleblower report, DOJ subpoena, or SEC notice brings compliance violations to light, it commands the board’s and senior management’s attention. The initial outrage and ethical proclamations that follow are often a prelude to the need for a serious reality check regarding costs and time outlays for remediation. The key is maintaining transparency and solid communication between those investigating and those responsible for remediation, ensuring compliance gaps are effectively identified and addressed. Today’s takeaways emphasize using the heightened attention for compliance improvement, recognizing the interplay between investigation and remediation, and being ready to answer the ‘where else’ question effectively. Join us tomorrow as we explore the authority and independence of Chief Compliance Officers. Key highlights: The Impact of Investigations on Compliance Communicating Costs and Risks Ensuring Effective Communication Resources: Click here to receive a 20% discount on The Compliance Handbook, 5th edition, for listeners to this podcast. Learn more about your ad choices. Visit megaphone.fm/adchoices