COMPLIANCE & RISK MANAGEMENT

It is essential that an organization identify the risks facing its business, decide what steps should be taken to mitigate those risks, implement a mitigation plan, and then audit progress under that plan. Financial, operational, strategic, and legal risks should be assessed by a team of knowledgeable employees and trusted advisors. On Point helps businesses develop and implement their ERM processes. In virtually all cases, the ERM process involves an internal sharing of highly confidential and sensitive information. On Point is in tune with this and can provide access to the legal resources that may be necessary to address lawyer-client privilege considerations.

In many situations specific risk mitigation processes may apply to your business. For example, if your website displays third-party content, or if you provide services like website hosting and virtual server operation, you may be sued if content posted on your website infringes someone else’s copyright. You can limit your liability for these claims if you designate a “DMCA Agent.” On Point can serve as your DMCA Agent and help you implement consistent policies and procedures for added risk mitigation.

Compliance programs are cost-effective risk management tools for enterprises of all sizes. On Point works with organizations to design compliance policies and procedures tailored to their businesses and to educate employees and third parties in an effort to proactively manage the compliance risks. Depending on the organization’s needs, On Point’s compliance programs are broad-based or issue-specific, available in all-in-one or bite-sized pieces through Compliance Snippets®, delivered on-site or online, and offered annually or more frequently.

All organizations, regardless of size and whether publicly-held or privately-owned, should have a system for employee reporting of potential compliance issues within the organization. The compliance hotline that is available through On Point is accessible 24 hours a day, 7 days a week, 365 days a year, and is a way for employees to confidentially and anonymously make these reports.

Many businesses have records retention policies as part of their compliance programs, which require that certain business records be destroyed after a period of time. But destroying records that may be relevant to a legal dispute can be a problem. To help ensure these records continue to be available in a dispute if needed, On Point works with businesses to develop litigation hold procedures that consist of a process for initially gathering documents that must not be destroyed and then following up with periodic reminders to individuals of their document hold obligations.