The benefits of corporate compliance include financial savings ... and a lot more. Obviously, it is generally less expensive in terms of legal and other costs to prevent violations from happening rather than dealing with them after they occur.
Developing and implementing a corporate compliance program also can have a significant mitigating impact in reducing fines, forfeitures and jail sentences that can result when criminal actions are successfully prosecuted against businesses, their owners or senior executives, or their employees.
Schiff Hardin's corporate compliance program services are custom tailored to the needs of specific businesses and generally include:
- Compliance manuals for board members, executives, and employees
- Periodic compliance seminars
- Corporate record retention and disposal programs
- Employee compliance acknowledgment
- Performance monitoring