The Network, Inc. and BDO Consulting released the 2010 Corporate Governance and Compliance Hotline Benchmarking Report. The Network and BDO Consulting closely examined compliance hotline-related activity from 2005 to 2009 in order to provide a comprehensive overview of the critical ethics and compliance issues facing organizations. Following a surge of in-house fraud reporting from first quarter 2006 (10.9 percent) to first quarter 2009 (20.6 percent), fraud-related incident reporting leveled at 20.2 percent in first quarter 2010, according to the benchmarking report. Personnel management incidents, which include a variety of human resources matters, remain the leading incident category across all industries. The category also includes incidents related to wage and hour and management interaction.
“The goal of this annual benchmarking report is to identify emerging best practices for hotlines and other reporting mechanisms and to provide a framework by which readers can assess their own compliance programs,” said Luis Ramos, chief executive officer of The Network. “As the economy rebounds, many organizations worldwide are focusing on risk identification, management and mitigation to provide a strong platform for growth.” The 2010 Corporate Governance and Compliance Hotline Benchmarking Report reflects the largest pool of data to-date with 524,628 reports over a five-year period from 2005 to 2009. In 2009, 117,303 reports were pulled from 1,101 organizations with more than 13 million employees. The data is compiled from actual incidents reported by clients of The Network and was analyzed by BDO and The Network. Download this new report via The Network's web site
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