Results ❯  Legal & Compliance Consulting Solutions ❯  Centralizing Compliance at a Major Telecommunications Company

Situation

This client had historically operated with a highly decentralized compliance environment where numerous people and functions had compliance responsibility, which was considered a major factor in leading this company into very significant financial and regulatory trouble. Our professionals were engaged to design a new, enterprise-wide compliance program and create a new, centralized compliance function.

Solutions

Our professionals:

  • Created a compliance framework that was adopted by the board.
  • Designed a new compliance function and job description and assisted with staffing and candidate search and evaluation.
  • Developed the core procedures for the compliance function, including risk assessment and evaluation, policy development, communication, monitoring and reporting procedures.
  • Planned a variety of risk-based initiatives, including FCPA, international obligation and appropriate business communication initiatives.
  • Designed and implemented compliance system tools, including compliance risk management, consent decree management and an international obligations system.

Benefits

The company then had a virtual Compliance Education Center that integrated online compliance training, compliance policies and guidelines, compliance tools and resources and critical compliance messaging.

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Morae Global is trusted worldwide to transform legal, risk and compliance through results-oriented and technology-enabled solutions, and reinvent the legal function as an efficient and integral part of the business value chain.

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