Compliance Q&A
Published March 15, 2016
Q: What is a Corporate Compliance Program?
A: A Corporate Compliance Program is a system designed to detect and prevent violations of law, regulations, policies and identify, mitigate and deter risks through policies and procedures, training, monitoring and auditing, and personal accountability.
Q: Why does The Centers need a Corporate Compliance Program?
A: The Centers’ Corporate Compliance Plan will:
- Demonstrate CAO’s commitment to responsible conduct
- Reduce the likelihood of violations
- Provide a mechanism for identifying violations sooner rather than later and provides a procedure for reacting to them quickly and efficiently
- Reduce the likelihood of heavy penalties if violations occur
- Make CAO more efficient