LRN Survey Suggests that Companies Should Move Beyond the “Nuts and Bolts” of Compliance and Focus on Values

Ethics and compliance consulting firm LRN Corporation (LRN) recently released its 2015 Ethics and Compliance Effectiveness Report (Report).  Its study of more than 250 organizations considers the relative effectiveness of dual-hatted chief compliance officers, explains how a values-based tone at the top may improve program effectiveness and details the elements of ethics and compliance programs that distinguish companies with the most effective programs from those with the least effective ones.  The Report drives home the message that the most effective ethics and compliance programs are incorporated into the fabric of a business rather than “bolted on” to an existing operation.  This article summarizes the key takeaways from the Report.  For coverage of LRN’s 2014 report, see “Measuring the Efficacy of Ethics and Compliance Programs,” The FCPA Report, Vol. 3, No. 12 (Jun. 11, 2014).

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