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 SDOJ updates to the Evaluation of Corporate Compliance Programs (September 2024)

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– Beth Simon
 

The Results

Unum Group’s strategic approach to ethics and compliance resulted in significant outcomes and recognition:

Compliance Leader Verification

Unum Group earned recognition for its outstanding program and practices, receiving the Compliance Leader Verification from Ethisphere. This designation involved a comprehensive review, evaluation, and validation of Unum Group’s ethics and compliance program.

World’s Most Ethical Companies 

Unum Groupis honored to be a multi-year recipient of the World’s Most Ethical Companies recognition, helping set the standard for ethical business practices and further solidifying its commitment to a compliant and ethical culture.

Marketplace Differentiation

The recognitions served as a differentiator in the marketplace, providing validation of Unum Group’s commitment to ethical practices. This was particularly valuable when competing with peer companies, external validation helps build trust with customers.

Stakeholder Value

Both Compliance Leader Verification and World’s Most Ethical Companies recognitions are valuable to all stakeholders, emphasizing Unum Group’s dedication to serving customers, communities, and employees with integrity.

Advise for Replication

“Make sure that you have the right people on your staff with the right skill set. I am very fortunate to have a great team.

I love going back to the basics and pointing to the Department of Justice guidance for corporate compliance programs as a guidepost for how you think about your program.

Assess your company’s compliance and ethics risk. It’s going to look a little bit different for everybody, but that really helps you point your resources in the right direction. 

And then I would say, build those partnerships. Really invest in that early and often.

And finally, communicate, communicate, communicate. People take for granted that doing the right thing comes naturally—and I think it does—but having that message out all the time, being delivered through various channels by different people, just makes it top of mind for employees, so they know how important it is to us as a company.”

Strong Ethics is
Good Business
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Learn How Ethisphere can drive your Compliance Program Effectiveness

Our comprehensive Program Assessment looks at your corporate governance systems and ethics and compliance program. The result? A detailed findings report and executive presentation that identifies gaps and includes recommendations to reduce risk and improve business practices.

An Independent Verification of Your Program:

Ethisphere’s independent review of your company’s program and practices provides external validation of your organization’s commitment to business ethics and compliance. Compliance Leader Verification recognizes companies who’ve proven that their programs and practices are extraordinary, and provide mechanisms to help communicate this key differentiator to employees, customers, and investors.

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