Corporate training programs are a great investment. They’re designed to address specific needs to improve the organization and help minimize compliance issues. But given the number of employees and hours it takes to fulfill these requirements, it’s also a hefty expense. How can companies invest in such programs and keep their stakeholders happy? Join Tom Fox and Shawn Rogers as they talk about corporate governance and how it can streamline corporate training protocols.
- What inspired Shawn to integrate corporate governance into his training protocols? Required training in corporations goes beyond traditional compliance risk training programs. There is training for safety, cybersecurity, information, and lifecycle management – and the list goes on and on. As the Lead Counsel of Compliance Training and Communications at General Motors, Shawn helped devise a plan to keep the selection of programs relevant and fresh, which was no small feat.
- Faced with such a task, Shawn had to come up with an innovative solution. So he set up a more formalized corporate governance structure to look at required training. He and his peers assigned key players from executive and management roles to function as project heads. This allowed the different disciplines to participate in the course development process. Shawn reveals some excellent insights about the charter they set in place that lists their scope of responsibility.
- What should a compliance officer look for in a training vendor? What is the process when it comes to considering a training vendor? Plenty of training vendors provide services and deliver results, but that’s not all that you should consider. Beyond the service and the price tag, there are several key factors you, as a compliance officer, will need to consider. Shawn shares a holistic approach to finding the right training vendor for your company.
- One thing many companies don’t think about is whether you require key strategic partners to go through the same training material you use. The challenge here is determining who exactly should receive which programs. Shawn talks about the benefits and struggles of an ‘as needed’ or ‘as determined’ training deployment model for their employees and other partners.
- Shawn shares that compliance training must seek continuous improvement. The advancements that have happened in many other industries have yet to reach the compliance field, but he is optimistic that innovations will soon be available to meet learner and accessibility issues and to make it more tailored to fit the user.
- Few compliance professionals have implemented effective governance structures within their corporate training protocols. But given Shawn’s results, their approach shows that there’s always room for innovation – especially in compliance.
If you’re a compliance professional looking for a convenient and effective way to fulfill your continuing education requirements, go to FCPAComplianceReport.com/Courses and choose from 4 hour-long training packages that will keep you up to date with the latest developments in the compliance field.