EthicsPoint: the Global Leader in Energy GRC

Manage Your Risk

Whether you are dealing with endless regulatory mandates from The FCPA, FERC & NERC, Security or with human capital problems, EthicsPoint can help you align resources and processes across your entire organization. Our expert teams are experienced in enabling customers to solve many of the unique challenges of a heavily-regulated market segment with a diverse workforce.

  • Compliance Management is about managing internal and external obligations. Comprehensive compliance management solutions help identify the applicable requirements (defined by laws, regulations, contracts, strategies and policies), assess the state of compliance and finally assess the risks and potential costs of non-compliance against the projected expenses to achieve compliance. This includes management of external (industry and government) regulations and internal policies, procedures and controls.

  • Policy Management enables clients to centrally manage policies, map them to objectives and guidelines, and promote awareness to support a culture of corporate governance. Policy Management creates a central repository of all compliance policies, and then creates proactive and automatic processes to ensure policies are maintained and delivered to the right people at the right time, with attestations that they were received, read and understood. The result is reports on all compliance policies and procedures in one place.

  • Case Management enables organizations to implement a single system that enforces a consistent process for collecting reports of violations to your code of conduct, consistent investigation and documentation, collaboration across business units and analyzing the data to identify potential trends or areas of risk.

  • Data & Analytics is a suite of products that drive further data-driven insight, creating greater visibility into business operations. Continuously gathering data in a systematic approach to business risk management creates streams of GRC data that can be fed into dashboards that business users will be able to access in order to proactively manage the business. That data can also be fed into a variety of analytics and business intelligence (BI) applications. Eventually, these systems will be sophisticated enough to automatically trigger specific actions and events once a certain business threshold is reached.

● Regulatory Pressure►

One of the key ethics and compliance challenges for the energy and utilities industries is conforming to the increased regulatory pressure from organizations such as FERC and FACTA (Red Flags). Utility companies must ensure that compliance programs, policies, procedures and business processes are aligned with the complexity imposed upon them.

Confronting these challenges requires additional resource throughout an organization.

Over the past 2-3 years we’ve observed Ethics and Compliance stakeholders looking for methods to better collaborate with other departments as they seek to gain increased transparency. Organizations are seeking to increase productivity, minimize risks, ensure compliance and identify potential trends by centralizing information to improve their understanding of the business impact.

● Addressing Energy Industry Problems ►

EthicsPoint's solutions have improved the bottom line at other Energy and Utility companies by addressing common problems throughout the industry, such as:

  • Lower rates of program monitoring compared to other industries: While programs and policies exist to ensure compliance for issues such as Critical Infrastructure Protection in every operation, an Ernst & Young reported highlighted that the Utility segment lags other industries in their use of monitoring programs to measure compliance performance. EthicsPoint reporting capabilities give you the ability to collect, manage and learn from your risk to proactively identify and manage it.

  • A push towards technological solutions that automate business processes: The mandate for corporations emerging from the recent economic meltdown is clear – companies will be required to increase their use of technology to implement processes that focus on performance and risk management.

  • Better reporting and insight to boards: As regulatory environments continue to increase in complexity and the penalties for failure to adhere to mandates increase, management is demanding more transparency throughout the organization. This, in turn, requires the use of technology to facilitate these activities.

● The Industry Leader ►

Besides being the leader in governance, risk and compliance solutions, EthicsPoint is also the global leader in Energy GRC. Come hear us speak at the Utilities & Energy Compliance & Ethics Conference, where EthicsPoint is the Platinum Sponsor. Our CEO, David Childers, will be speaking twice. Details below.

Perception vs. Reality: A Holistic Approach to Better Third-Party Compliance Management
When: February 28 at 3pm
Presenter: David Childers, CIPP, CEO & President, EthicsPoint, Inc.

Lessons from the trenches - Panel Discussion Sharing Best Practices for Effective Compliance Programs
When: March 1 at 12:45 pm
Presenter(s):

  • David Childers, CIPP, CEO & President, EthicsPoint, Inc.
  • Lavona Kuzniar, Sr. Legal Assistant, Schlumberger NYL, Inc.
  • Tony Blasier, Ethics Security, & Compliance Officer Chesapeake Energy
  • Mike Stinson, Global Ethics Administrator, ConocoPhillips

● Learn more about EthicsPoint’s Solution ►

Our Adaptive GRC Framework is a suite of products and services delivering increased visibility of organizational risk. This Framework is ideal for organizations wanting to engrain GRC functions fully in their business processes and align risk awareness and compliance with workflow across the enterprise.

Through a powerful set of SaaS applications, professional services and domain expertise, we help clients collect, manage and learn from risk data. Our Framework helps them detect and document risk, manage policies and procedures designed to mitigate risk, orchestrate investigations, analyze and visualize risk patterns and trends, manage internal and third-party compliance, and more – all with consistent, enforced workflow that conforms to each organization’s business practices.

To help clients stay ahead of the evolving GRC field, we continue to monitor emerging risk trends and compliance mandates, adding to our expertise and enhancing our solutions Framework.



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