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Training ‘measurably improves’ compliance and ethics

Combination of online and face-to-face training preferred by chief compliance officers

19 May 2014

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By Manju Manglani, Editor (@ManjuManglani)

Compliance training programmes result in measurable improvements in staff behaviour, according to recent research.

A survey of 63 compliance executives at Fortune 1000 companies found that, for more than two thirds, compliance training programmes provide "noticeable value" to employees.

Three quarters of respondents said they use a combination of online and face-to-face training, while a further 21 per cent said they use online training only.

In addition, 87 per cent said their compliance and ethics training programmes are conducted by in-house trainers.

For 31 per cent of respondents, their top priority in 2014 is regulatory risk management, followed by ethics training (23 per cent), FCPA risk management (18 per cent), talent development (15 per cent) and investigations (8 per cent).

Bribery and corruption (24 per cent) ranked as the highest area of risk, following by money laundering (23 per cent), fraud (16 per cent), litigation (13 per cent) and intellectual property (5 per cent).

Nearly two thirds said their middle management sufficiently promote a strong culture of compliance.

The full findings of the research by Consero Group are published in Spring 2014 U.S. Corporate Compliance & Ethics Data Survey.

 

 

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Risk & Compliance HR