When 'knock knock' isn't a joke - Responding to regulatory crises
When regulators arrive in reception, it is critical that an organisation handles the first moments of the crisis effectively.
Moreover, organisations aim to avoid crises by developing a risk resilient culture of compliance, with employees understanding their own responsibilities under the law and with procedures in place to make compliance easy. It may not be possible to eliminate the threat of a rogue employee, but it is possible to have systems and training in place to dissuade that person pre-emptively and, crucially, to detect that person quickly.
A successful compliance framework will have several strands. However, core to success will be a workforce that is aware of the risks and what they can and cannot do under the law. This comprises both broad-based training and focused face-to-face workshops. PwC have developed several training and awareness tools to assist organisations to develop a risk resilient culture of compliance.
Investigate! A realistic simulation of a regulatory crisis
Investigate! is a realistic simulation of a regulatory crisis comprising of a video case study and interactive investigation to uncover misconduct. It brings practical insights on how to protect your organisation from fraud, corruption and integrity risks.
Risking it All: A video case study
Risking it All is a short PwC film drama which looks at the consequences for a company, its directors and advisors if such issues are mishandled, looking at the importance of independence of the investigation team, the scope of matters under review and what constitutes appropriate remedial action.
PwC have developed a holistic competition compliance training tool that organisations can deploy globally to staff and business partners to build awareness about anti-competitive behaviour. This will allow organisations to achieve sustainable compliance and avoid the financial and personal pain of violating competition laws globally. Available in spring 2010.
