By Courtney Hogwood, Esq., CCEP
President of Cavalry Compliance Group, LLC.
We’re going to play a little game today folks, one that’s supposed to show what a day in the life of a compliance officer might look like. For this demonstration, let’s assume that you are the newest Chief Compliance Officer for the ABC Corporation. You’re freshly certified as a Certified Compliance and Ethics Professional and this is your first major leadership position. You’ve been at ABC Corp for about a year now, and you’ve done (in your mind), a great job of setting an example to your fellow coworkers about what you expect from them in terms of compliance and ethics. The attendance at your monthly “Lunch -n- Learn” events has tripled since your initial meeting, and you just received a glowing annual review from the company President. You madam/sir, are ON FIRE.
Then, with what feels like absolutely no warning, you hear that there’s been a change to a set of federal regulations. Let’s assume, that when it comes to healthcare, the President has just changed the way that health insurance is offered to you, and other employees like you, around the United States. Per the latest Executive Order, your corporation can now state that they have a religious and/or moral conviction, and refuse to provide coverage for specific medications. Your company President comes to you and wants to know how to ensure compliance with these new regulations, because they’d like to stop offering these products on the company health insurance plan. The President states that you were the first one that they’ve talked to about this, because you’ve done such a stellar job in other areas of compliance and ethics, that you should clearly be the one to help with the paperwork and draft messages to the entire company on these changes.
Million dollar question time: What do you do? [Read more…]