LRN - Risk management Survey - Ethics Resource Center

discussionFinal perspectiveCompanies have in place solid risk management infrastructures to build upon for thefuture. However, the four challenges cited – lack of resources, employee fears and lack ofmotivation to report, global management and data collection and application – indicatethat, across the board, companies still have barriers that prevent ethics and complianceefforts from achieving the desired goals of fostering self-governing workplaces. Withtime, experience and increased understanding and expertise, companies should be ableto strive for a more effective, holistic risk management process that truly transforms theirorganizations into high performing, principled cultures.For further studySeveral ethics and compliance risk management practices deserve continued study infuture years to track their trends:1. Will companies go beyond simply identifying risks to ranking and mapping them?2. Will companies further integrate ethics and compliance risks into other types ofbusiness risk assessments?3. Will CEOs, senior managers and board members receive higher levels of ethicsand compliance education given their responsibilities?4. Will progress reports on the status of education programs rise in frequency to aquarterly or even ongoing basis?5. To what degree will a lack of resources continue to challenge companies when itcomes to performing risk assessments; educating their leadership, management andworkforces; and building solid investigation professionals?6. Will companies begin correlating data from all programs to evaluate the effect oftheir ethics and compliance program?7. Will companies increasingly do a formal cultural assessment?8. Will companies increasingly share ethics and compliance program evaluations withthe entire company?9. Will companies evolve in using evaluation data to improve ethics and complianceresults as well as improving business results?About LRNLRN is dedicated to assisting its clients with developing ethical, sustainable and profitable cultures through acombination of robust education and management solutions, in-depth research and analysis and best practiceadvice and knowledge sharing. Founded in 1993, the company has reached more than 10 million employees,operating in more than 120 countries around the world. Headquartered in Los Angeles, LRN also maintainsoffices in New York and London. More information is available at www.lrn.com.For more information about LRN, please contact us at: 800-529-6366 National +1-310-209-5400 Internationalwww.lrn.comLRN Headquarters1100 Glendon AvenueLos Angeles, CA 90024-3503New York OfficeOne East 52nd Street, Third FloorNew York, New York 10022©2007 LRN (041807)LRN | ETHICS AND COMPLIANCE RISK MANAGEMENT PRACTICES REPORT | 36