In light of recent corporate scandals, most boards have adopted strict corporate and business ethics compliance policies. A large number of companies have created the role of Chief Ethics Officer to ensure that they are embedding ethics into the corporate culture, and developing internal control procedures to mitigate identified corporate ethics risks. In addition, US companies are required to comply with the Foreign Corrupt Practices Act (FCPA), and demonstrate that they have adequate internal controls and processes.
MetricStream Business Ethics Compliance Solution
MetricStream provides a flexible framework to streamline business ethics programs, ensure adoption of ethical practices, monitor business ethics compliance, and improve accountability and communication . The MetricStream solution enables organizations to continually audit their internal controls and communication processes to identify risks, validate compliance with corporate business ethics policies, and identify and remedy gaps and deficiencies in a timely manner. The solution supports policy documentation, change management, communication processes, and training and awareness programs.
MetricStream uniquely combines software and content to deliver the solution for corporate governance with embedded best practices templates, access to training content from an expert community, and integration of business processes with regulatory notifications.