The Seven Necessary Components of a Corporate Compliance Plan
According to Kowal (1998), this plan involves applying written procedures to establish the stakeholder expectations regarding the organization’s practices. Second, the plan should involve designating a compliance officer and contract to oversee the policy and program. Third, conducting training and educational programs for the workforce are critical components of a compliance plan. Fourth, the development of effective communication lines between the officers and employees is crucial in the policy. Fifth, a compliance policy should include internal monitoring and auditing practices, a strategy necessary for the program’s success. Sixth, a compliance plan should comprise of publicized disciplinary guidelines to enforce the standards of the corporate. Lastly, the policy should include prompt responses to detected offenses and the steps for undertaking the necessary corrective action. Corporate Compliance in Healthcare Essay
The Roles and Responsibilities of the Staff Who Implement a Compliance Plan
Rupper (2013) posits that every compliance personnel develops a program for preventing, monitoring, and detecting the fields that require corrective actions. In addition, this individual recommends policies and procedures to the administrative departments to ensure compliance with federal regulations. Furthermore, the compliance officer investigates issues arising from organizational audits and provides recommendation for the necessary corrective action. Nonetheless, the individual assures that the training processes are in accordance with the management strategies of the firm. The roles of the chairpersons in the plan are to appoint the Unit Compliance Managers and help in the implementation of corrective action plans to maintain departmental compliance. Subsequently, the Unit Compliance Managers oversees the development of quality control process and implementation of regulatory changes. Moreover, the manager tracks the completion of training programs for staff and unit faculty and develops corrective actions for non-compliance with an organization’s regulations.