The Compliance Office is responsible for the following actions within the organization.
- Establish and Implement Policies: Develop and ensure an annual review of established Administration Orders, rules, and procedures to guide compliance practices.
- Compliance Program Administration: Ensure dedicated leadership to oversee and advocate for organizational compliance initiatives.
- Train and Educate: Conduct regular training sessions and educational programs to ensure all staff are informed about compliance requirements and their roles in maintaining standards.
- Facilitate Communication and Reporting: Encourage open communication regarding compliance matters and provide secure channels for reporting potential issues.
- Monitor for Business Process Optimization: Perform ongoing monitoring and regular reviews to assess compliance adherence and identify areas for improvement.
- Provide Reporting System for Noncompliance: Ensure a comprehensive and accessible reporting system is available to employees to report instances of noncompliance without fear of retaliation.
- Respond and Rectify: Swiftly address any compliance issues detected and implement corrective actions to prevent future occurrences.