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Effective Compliance Programs

Approx. 11 hours to complete

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Course Summary

This course provides a comprehensive understanding of effective compliance programs and their importance in today's business world. It covers the key components of a compliance program and how to design, implement, and evaluate it to ensure corporate compliance with laws and regulations.

Key Learning Points

Learn the importance of compliance programs in the business world
Understand the key components of a compliance program
Learn how to design, implement, and evaluate a compliance program

Job Positions & Salaries of people who have taken this course might have

- USA: $70,000 - $120,000
- India: INR 5,00,000 - INR 12,00,000
- Spain: €30,000 - €60,000
- USA: $70,000 - $120,000
- India: INR 5,00,000 - INR 12,00,000
- Spain: €30,000 - €60,000
- USA: $80,000 - $140,000
- India: INR 6,00,000 - INR 15,00,000
- Spain: €35,000 - €70,000
- USA: $70,000 - $120,000
- India: INR 5,00,000 - INR 12,00,000
- Spain: €30,000 - €60,000
- USA: $80,000 - $140,000
- India: INR 6,00,000 - INR 15,00,000
- Spain: €35,000 - €70,000
- USA: $150,000 - $250,000
- India: INR 20,00,000 - INR 50,00,000
- Spain: €80,000 - €120,000

Learning Outcomes

Understand the importance of effective compliance programs
Learn how to design and implement a compliance program
Evaluate the effectiveness of a compliance program

Prerequisites or good to have knowledge before taking this course

Basic understanding of corporate operations
Familiarity with legal and regulatory compliance

Course Difficulty Level

Intermediate

Course Format

Online self-paced course
Video lectures
Quizzes and assignments

Similar Courses

Corporate Governance
Risk Management
Ethics in Action

Related Education Paths

Notable People in This Field

Corporate Compliance Expert
Ethics & Compliance Consultant

Related Books

Description

Once you have an understanding of what compliance is, and why it may be important, it is natural to wonder next, “What should I do about it?” In this course, we’ll explore one of the key factors for creating a positive culture of compliance: human psychology. We’ll think about what drives us, what makes us pay attention, what distracts, and how all of these pieces help build a strong belief in an organizational culture of compliance.

Knowledge

Recognize strategies for building a culture of compliance within an organization
Identify the fundamental components of a compliance program
Identify techniques and methods for compliance management and provide psychological theories that explain why they are effective
Devise strategies for managing noncompliance and incident response

Outline

Building a Strong Compliance Culture
Welcome to the Course
Setting the Stage: Origins of Compliance Law
The Goal of Compliance Culture: Integrating Compliance Throughout the Organization
From “Tone at the Top” to “Compliance at the Core”
The Compliance Officer / Responsible Person
Independence, Empowerment, and Resources: Part 1
Independence, Empowerment, and Resources: Part 2
Pre-Course Survey (Optional)
Building a World Class Ethics & Compliance Program
A Brief History of Compliance
I Called the Wells Fargo Ethics Hotline and was Fired
The Role of the Compliance Officer
Module 1 Quiz

A Closer Look at the Essentials
The Code of Conduct
Policies, Procedures, and Standards
Training
Training Sessions
Other Information Flows
Compliance & Branding
Communications with Business Partners
Monitoring: Part 1
Monitoring: Part 2
Reporting Line
18 of the Best Code of Conduct Examples
Regulatory Compliance in the Age of Artificial Intelligence
The Code of Ethics
Communication & Information Flows
Module 2 Quiz

The Psychology of Compliance
Compliance Involves More Than You Think
Why People Do Bad Things
The Psychological Aberration or Deviation Theory
The Privileged or Entitled Theory
The Stress and Pressure Theory
The Excessive Greed or Excessive Ambition Theory
The Cost-Benefit / Risk Reward Theory
The Lack of Recognition Theory
The Lack of Self-Control Theory
The “Everyone is Doing it” or The Virus Theory
The “I Could Have Done it Another Way” Theory
The No Harm Theory
How to Get People to be Compliant: Psychological Theories of Compliance
The Nudge Theory
The Punishment / Scare Them Theory
The Rules / CYA Theory
The Ubiquity Theory
The Reward Me Theory
The Quid Pro Quo Theory
The Bureaucratic Theory
The Slippery Slope / Broken Windows Theory
The Target Theory
The "One Size Doesn't Fit All" Theory
Why Do They Do It? Inside the Mind of the White-Collar Criminal
Theories of White Collar Crime
Theories of Compliance
Module 3 Quiz

Dealing With Non-Compliance
Dealing with Non-Compliance
Senior Response Team
Reporting and Other Communication
Enforcing Discipline
Lessons Learned / Root Cause analysis
Table Top Exercises
Data Breach Response
Concluding Thoughts
Post-Course Survey (Optional)
Incident Response
Enforcing Discipline

Summary of User Reviews

Find out what others are saying about Coursera's Effective Compliance Programs course. Learn key aspects that users found helpful, as well as the most commonly mentioned pros and cons.

Key Aspect Users Liked About This Course

Many users found the course to be practical and applicable to their work.

Pros from User Reviews

Practical and applicable to work
Great instructor
Easy to follow
Engaging content
Useful resources

Cons from User Reviews

Some sections were repetitive
Not enough depth in certain topics
Could be more interactive
Limited opportunities for feedback
Not suitable for advanced learners

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