SAI Global uses London Olympics and over-the-top humor to initiate serious discussion about bribery and corruption risk
PLAINSBORO, N.J., May 4, 2012 /PRNewswire/ -- SAI Global Compliance's most recent SNIP, "Olympic Meddling," uses the upcoming 2012 Olympic summer games in London and an exaggerated storyline to set the stage for more serious conversations with employees and business partners about corporate gifts and hospitality. The need for clear policies in gifts, entertainment and hospitality - always a high risk area for global organizations - has been amplified by last year's passage of The UK Bribery Act as well as enhanced scrutiny by regulators and the public at large.
SNIPs, complimentary 2-3 minute videos developed by SAI Global for their clients' use, are a way to introduce serious compliance and ethics topics into workplace conversations. SNIPs purposefully deal with serious compliance and ethics issues in humorous, non-traditional, and sometimes ridiculous ways, in order to set the stage for more traditional, policy-based training. They complement a compliance and ethics training program that needs to be both time-efficient and built on a defensible base in case of regulatory investigation.
Andy Wyszkowski, Global Head of Compliance, commented on the need for defensible training by stating "This week's comments from the Department of Justice relating to the unfortunate events at Morgan Stanley underscore the need for a sound compliance program consisting of frequent training, sound due diligence and policy clarity and communication." He continued his comments about the value and use of SNIPs, "We've found that humor enables organizations to engage their employees and properly prepare them for the kind of defensible compliance training that is required by regulators."
SNIPs, including "Olympic Meddling", are featured on SAI Global's GRC Community.
About SAI Global Compliance
SAI Global provides organizations with a wide range of governance, risk and compliance (GRC) products, solutions and services that help build organizational integrity and meet overall business objectives. With more than twenty-five years' experience and offices in more than 25 countries, SAI Global's solutions include a wide range of GRC products and services including risk and culture assessments, a full range of advisory services, best practice Code of Conduct program development and review, whistleblowing hotline services, compliance and ethics training and awareness, regulatory knowledge, and the complete, award-winning Compliance 360® GRC Software Suite for policy management, case management, and third party compliance management including automated due diligence workflow and management. www.saiglobal.com/compliance
SOURCE SAI Global Compliance
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