Building a World-Class Compliance Program: Best Practices and Strategies for Success - Hardcover

by Martin T. Biegelman (Author), Daniel R. Biegelman (Contribution by)

Written by a long-standing practitioner in the field, this timely and critical work is your best source for understanding all the complex issues and requirements associated with corporate compliance. It provides clear guidance for those charged with protecting their companies from financial and reputational risk, litigation, and government intervention, who want a robust guide to establish an effective compliance program.

Front Jacket

Building A World-Class Compliance Program

If you want to ensure that your organization is doing everything possible to prevent misconduct and follow laws, rules, and regulations, this book is for you.

The devastating accounting scandals and corporate frauds at Enron, WorldCom, Tyco, Adelphia, and numerous other companies reinforced the importance of compliance programs. Effective compliance programs prevent and detect misconduct and protect the interests of shareholders, employees, and the public. Authoritative, comprehensive, and insightful, Building a World-Class Compliance Program covers:

• Building the business case for ethics and compliance in an organization

• "Tone at the top" and throughout the organization

• Case studies and best practices of world-class companies and those emerging from compliance failures

• History, growth, and evolution of corporate compliance

• Detailed discussion of the Federal Sentencing Guidelines for Organizations and the Seven Steps to an effective compliance program

• U.S. Department of Justice's McNulty Memorandum and the revised principles of federal prosecution of business organizations

• SEC's Seaboard Criteria in mitigating enforcement actions

• The importance of the Sarbanes-Oxley Act and the Caremark case

• Globalization of business, the risk of corruption, and the expanding reach of the Foreign Corrupt Practices Act

• Anti-money laundering enforcement and the USA PATRIOT Act

• Why every organization needs a "Skunk in the Room"

Written by a long-standing practitioner in the field, this is a timely and critical work put forth in a very readable and impactful fashion. It provides clear guidance for those charged with protecting their companies from financial and reputational risk, litigation, and government intervention, who want a robust guide to establish an effective compliance program. Interviews with thought leaders and experts in compliance along with recommended action steps give a unique, firsthand perspective. Also included are fraud prevention policies and plans to implement. Compliance insights throughout the book detail case studies, strategies for success, sample programs, and survey findings.

Embracing and implementing corporate compliance policies and procedures is the only option. True corporate responsibility and accountability require all companies, public or private, large or small, foreign or domestic, to have effective compliance programs. Whether you're a CEO, CFO, compliance officer, manager, auditor, risk management professional, or a student, Building a World-Class Compliance Program is your best source for understanding all the complex issues and requirements associated with corporate compliance.

Back Jacket

Praise for Building A World-Class Compliance Program

"The globalization of business and communications presents unprecedented opportunities for successful growth in many industries and for companies large and small. Conversely, the compliance challenges faced by businesses worldwide have never been more challenging. The urgency to develop a world-class compliance program has never been greater. This book is a must for all companies facing today and tomorrow's compliance challenge."
--John Connors, Partner at Ignition Partners and former CFO, Microsoft Corporation

"Unbiased, well researched, comprehensive, and interesting.A great resource for compliance professionals and a great read for CEOs, management, and board members who care about doing the right thing. I have been involved with the production of over 150 compliance articles, books, magazines, and newsletters, and Martin's work is among the best I have seen."
--Roy Snell, CEO, Society of Corporate Compliance and Ethics

"Martin slices through the confusion surrounding corporate compliance and offers not only useful guidelines, but a step-by-step approach to establishing an effective program. Building a World-Class Compliance Program is essential for anyone concerned with compliance and ethics within organizations."
--James D. Ratley, CFE President, Association of Certified Fraud Examiners

"Martin Biegelman, with strong contributions from Daniel Biegelman, provides businesspeople with an exceptionally important book in Building a World-Class Compliance Program: Best Practices and Strategies for Success. This book clearly demonstrates how value is added to companies who get it right in this vital aspect of business. Each chapter contains concrete examples of best practices ensuring compliance, backed by solid supporting examples. Together, they interview some of the best authorities in this field, and draw from Martin's experience as a federal law enforcement agent and executive."
--Edward M. Stroz, Co-president of Stroz Friedberg, LLC, and former FBI special agent

"Gone are the days when compliance programs were optional or companies could just have faith that none of their employees would go astray. Today's organizations need compliance programs and strategies in place. Martin Biegelman has written the consummate guide."
--Joel Bartow, CFE, CPP, Director of Fraud Prevention and Investigations, Sitel Corporation

Author Biography

Martin T. Biegelman, CFE, CCEP, has been fighting fraud and corruption for 40 years in various roles in law enforcement, consulting, and the corporate sector. He is currently the Executive Vice President of U.S. Operations for IPSA International, a global risk advisory firm. His extensive experience include conducting internal investigations on behalf of corporate management and boards, FCPA and anti-bribery compliance, litigation consulting, due diligence, and corporate compliance design and implementation. He previously served as the Director of Financial Integrity at Microsoft Corporation. This highly acclaimed fraud prevention and anti-corruption compliance program that he founded and led continues to be a model for other global companies. Mr. Biegelman is a sought-after speaker, prolific author, and the recipient of the prestigious Cressey Award bestowed by the Association of Certified Fraud Examiners for lifetime achievements in the detection and deterrence of fraud.