The LexPro Corporate Disclosure and Ethics Hotline Program (“The Program”) is a confidential disclosure program enabling our clients to comply with regulatory requirements, such as Sarbanes-Oxley and Dodd-Frank, as well as identifying internal trouble points before they morph into something larger. Hotline programs are critical in identifying potential problems because over 40% of all cases are detected by a tip – more than twice the rate of any other detection method. Identifying and neutralizing threats to your firm are critical aspects to protecting not only your reputation, but your firm’s bottom line.
The Program is designed to help companies identify instances of:
- Corporate fraud, waste, or abuse
- Violations of law, rule, regulation, or company policy
- Discrimination, sexual harassment, theft, embezzlement
- Matters concerning Sarbanes-Oxley or Dodd-Frank
- Other wrongdoing taking place within the company
The Program not only facilitates regulatory compliance, but it is also a critical aspect of good corporate governance. The Program enables your firm to take a holistic approach to compliance, demonstrating to regulators, shareholders or investors, and clients that your firm is leaning forward and doing what is in everyone’s best interest – identifying and remediating trouble points. Furthermore, should the matter be of interest to regulators or government investigators, a robust disclosure program may provide a “safe harbor,” potentially enabling your firm to mitigate penalties it may otherwise face.
The Program is more than just an ethics hotline program – it includes an outreach and training component, critical aspects many other programs fail to include. The Hotline is available 24 hours a day, 365 days per year, and is facilitated via a toll-free number, a secure online portal, a dedicated email address, and a dedicated fax number.
Again, having a robust hotline program is vital because wrongdoing is often uncovered by internal disclosures.