How to Achieve Proper Oversight.

The OIG has stated, “every Board is responsible for ensuring that its organization complies with relevant Federal, State, and local laws.” In order to achieve this, the OIG recommends proper oversight of the organization’s compliance program.

As a compliance officer, you want to get your board on board with compliance, asap. Start by helping them realize the importance, then, show them that it’s easier than they think. Asking the right structural and operational questions is a great starting point for the board to achieve effective oversight. Key structural questions might be, How does the organization’s compliance reporting system work? What are the inherent limitations of the compliance program? While some key operational questions might be, How has the Code of Conduct been incorporated into corporate policies?

The next step is to establish communication with your board using benchmarks and peer comparisons because “what gets measured is what gets done.” And educate the board on your compliance program from the structure of the compliance program to the organization’s fraud and abuse risk areas.

Watch this on-demand webinar, Communicating with Your Board, where you’ll learn:

• The Board’s Responsibility in Relation to Your Compliance Program
• Questions Your Board Can Ask to Begin Program Assessment
• How to Effectively Communicate With Your Board