"For those who benefited from reading Martin’s first book, Executive Roadmap to Fraud Prevention and Internal Control
, you now have the ‘Atlas’ on ethics and compliance. The compliance insights, poignant case studies, and best practices provide a significant value-added for executives who must set the ‘tone at the top’ and for those who struggle day-to-day to establish and maintain ethical and compliant behavior within their organizations. A must-read for faculty and particularly students, for whom the lessons so expertly presented here will shape the ethical compass of future careers."—George E. Curtis, J.D. Associate Professor and former Director of Economic Crime Programs, Utica College
"Building a World-Class Compliance Program is essential reading for in-house executives of all stripes. Boards, management, legal counsel, HR, and compliance officers all will find this ‘how to’ guide filled with practical advice and tips. For all people interested in how to avoid their company becoming the next Enron, this book is a must-read. It chronicles real-life examples of corporate malfeasance ripped from the headlines and offers sage measures to enhance corporate compliance programs so as to detect and deter such conduct. Given the expertise of the author—with years of experience in both law enforcement and in-house compliance—this is the preeminent guide to corporate fraud prevention."—Andrew Weissmann, Partner, Jenner & Block and former director, U.S. Department of Justice Enron Task Force
From the Inside Flap
Building A World-Class Compliance Program
If you want to ensure that your organization is doing everything possible to prevent misconduct and follow laws, rules, and regulations, this book is for you.
The devastating accounting scandals and corporate frauds at Enron, WorldCom, Tyco, Adelphia, and numerous other companies reinforced the importance of compliance programs. Effective compliance programs prevent and detect misconduct and protect the interests of shareholders, employees, and the public. Authoritative, comprehensive, and insightful, Building a World-Class Compliance Program covers:
Building the business case for ethics and compliance in an organization
"Tone at the top" and throughout the organization
Case studies and best practices of world-class companies and those emerging from compliance failures
History, growth, and evolution of corporate compliance
Detailed discussion of the Federal Sentencing Guidelines for Organizations and the Seven Steps to an effective compliance program
U.S. Department of Justice's McNulty Memorandum and the revised principles of federal prosecution of business organizations
SEC's Seaboard Criteria in mitigating enforcement actions
The importance of the Sarbanes-Oxley Act and the Caremark case
Globalization of business, the risk of corruption, and the expanding reach of the Foreign Corrupt Practices Act
Anti–money laundering enforcement and the USA PATRIOT Act
Why every organization needs a "Skunk in the Room"
Written by a long-standing practitioner in the field, this is a timely and critical work put forth in a very readable and impactful fashion. It provides clear guidance for those charged with protecting their companies from financial and reputational risk, litigation, and government intervention, who want a robust guide to establish an effective compliance program. Interviews with thought leaders and experts in compliance along with recommended action steps give a unique, firsthand perspective. Also included are fraud prevention policies and plans to implement. Compliance insights throughout the book detail case studies, strategies for success, sample programs, and survey findings.
Embracing and implementing corporate compliance policies and procedures is the only option. True corporate responsibility and accountability require all companies, public or private, large or small, foreign or domestic, to have effective compliance programs. Whether you're a CEO, CFO, compliance officer, manager, auditor, risk management professional, or a student, Building a World-Class Compliance Program is your best source for understanding all the complex issues and requirements associated with corporate compliance.