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Important Sarbanes-Oxley Notice!
Federal Sentencing Guidelines Now Require Compliance and Ethics Training for ALL Employees.
As of November 1, 2004, Federal Sentencing Guidelines require compliance and ethics training for ALL employees. The Sarbanes-Oxley Act of 2002 directed the United States Sentencing Commission to ensure that the Federal Sentencing Guidelines were sufficient to deter and punish organizational criminal misconduct. Amendments to the Federal Sentencing Guidelines were proposed which require all organizations to periodically provide compliance and ethics training to all employees. As of November 1, 2004 these amendments are now law. See below United State Federal Sentencing Guidelines, Chapter 8, B2.1.
Every company, both big or small, should take note of the new Federal Sentencing Guidelines which require ethics training. Let Ethics for a Modern Workforce and Global Ethics University help you stay in compliance. It is easy, economical, and has a positive impact on employees. Take every precaution possible to abide by the new Federal Sentencing Guidelines and don't wait until a crisis occurs before you do something. Order today and you can start training in just a few days.
Here are some facts about the new law:
Guidelines
Apply to All Organizations (Not Just Publicly-Traded Companies)
While the Sarbanes-Oxley Act covers only publicly traded companies, the
Federal Sentencing Guidelines apply to all organizations both
publicly and privately held.
Simply Providing Employees an Ethics Policy or Code of Conduct is not enough: Just distributing a Just a Code of Ethics or Code of Conduct for employees is not enough. Effective training is required. Compliance and ethics programs must not simply be on paper, but they must be communicated to and used by employees.
Training
Must be Provided to Employees Periodically
Organizations must do more than a one-time training to employees. It must be
provided periodically.
An
Ethics and Compliance Program Can Reduce Punishments
Organizations that show that they have
instituted an effective ethics and compliance program can
greatly reduce fines and other punishment. The opposite it also true,
the absence of an compliance and ethics program may increase
punishment to an organization.
Links:
Download the 2004 Federal Sentencing Guideline Manual
SOX-online: The Vendor-Neutral Sarbanes-Oxley Site
Note: CTI's products are merely one component in meeting the Sarbanes-Oxley Act and the Federal Sentencing Guidelines requirement. Consult your legal counsel for further advice.
©2005 CTI All Rights Reserved