|
|
|
ELT Confronts Escalating Corporate Compliance Risks with Next Generation Ethics & Code of Conduct Online Workplace
23 May 2005
ELT, a leading provider of online compliance training and risk management for public and private organizations, today announced the availability of Ethics & Code of Conduct, its newest online course. In the wake of ethical meltdowns in corporate America, mandatory education of a workforce on ethical behavior and a "Code of Conduct" has been directed by the Sarbanes-Oxley Act (SOX) and the Federal Sentencing Guidelines. ELT's Ethics & Code of Conduct program delivers the fundamentals of ethical behavior and legal compliance in the workplace and provides the most effective courseware available for fulfilling, tracking and validating government mandated training and compliance requirements. Ethics & Code of Conduct is the only customizable Web-based course of its kind designed entirely by practicing experts in the fields of Business and Employment Law from Shearman & Sterling and Littler Mendelson, with every situation portrayed in the course based on actual cases and real events. ELT is also the exclusive producer of episodic, story-based online training programs for all employees -- from front line workers and managers to the highest-ranking executives.
Corporate accountability has taken on new meaning since 2002 with the enactment of SOX, creating mandatory financial accountability, new reporting requirements, and stiff consequences for any criminal action. A Code of Conduct is becoming indispensable as a risk management and cultural communication tool. Companies must now carefully craft a set of guidelines and policies that are designed to promote ethical behavior and prevent wrongdoing. Today, every employee, from the mailroom worker to the CEO, is being held accountable to the same standards.
ELT's Ethics & Code of Conduct program is powered by a compelling, global ethics and compliance story line, which creates dramatic momentum and drives users to complete the training. Chief Executive Officers responsible for educating a workforce on ethics and a code of conduct appreciate ELT's superior production value, which reflects well on the company and draws attention to the importance of these communications.
"ELT has created a cutting-edge ethics and code of conduct course that both engages and educates viewers," said Dr. Larry Ponemon, chairman of Ponemon Institute, a research think tank dedicated to advancing ethical information management practices in the private and public sectors. "This practical and informative compliance training program is designed to help employers comply with mandated training requirements on the state and national levels, and to ensure that employees have a deep understanding of the complex compliance issues affecting their organizations.
"The course is very well written and will keep even the most sophisticated consumers of today's technology and entertainment products attentive and involved in the learning process," added Dr. Ponemon, who formerly was a senior partner with PricewaterhouseCoopers and CEO of an information technology company.
According to AMR Research, companies are set to spend $5 billion on compliance in 2005. Furthermore, public companies that adopt a compliance-management architecture will spend up to 50 percent less on compliance by 2006 than companies without one, predicts a May 2004 report by Gartner, Inc.
Withstand Legal Scrutiny: ELT Training Truly Arms and Prepares Companies
ELT legally engineers the highest quality content for its training to ensure corporate risk management as well as compliance. Uniquely born out of a law firm, ELT leverages the field-tested expertise of the country's preeminent attorneys from Shearman & Sterling and Litter Mendelson to design, update and refine its titles.
Built with ELT's award-winning Working People(TM) story-based training template, Ethics & Code of Conduct delivers compelling vignettes, interactive exercises and an extensive Q&A tool. The web-based course also ensures there is a permanent, auditable record of individual Code review and acknowledgement for reporting. Furthermore, ELT's professional services background influences the company's commitment to having a consultative relationship with clients throughout the life cycle of a product's deployment.
"Selecting a compliance training partner is no different from choosing an attorney for counsel on critical legal issues -- expertise and quality are essential. Employers need a vendor that truly understands the law, as well as best practices for risk management. First-class compliance education must be a top priority because it is directly associated with the establishment of potential defenses, with the ability to reduce fines and penalties and, ultimately, with the power to actually change behaviors in the workplace. At the end of the day, it's the high-level executives that will bear the brunt of corporate missteps in compliance," said Shanti Atkins, Esq., President and CEO, ELT. "CEOs must be able to demonstrate and document that they trained their staff effectively and any training intended to satisfy SOX and the Federal Guidelines must be able to withstand intense scrutiny. A 'check the box' solution is not an option. With their careers on the line, executives are recognizing the power of legally engineered training from a partner who comprehends the complexities of compliance education."
Ethics & Code of Conduct Features
Ethics & Code of Conduct addresses critical topics such as antitrust, confidentiality, conflicts of interest, discrimination, insider trading and record keeping. The customizable course can be configured and tailored to specific populations within a workforce to ensure a wide range of education and compliance needs are met.
Ethics & Code of Conduct is a 30-minute to 120-minute course. Client preferences and the extent of customization elected determine the actual length of the course. ELT's Ethics & Code of Conduct program is unique in the market because it:
Delivers the only compliance content engineered by the best minds from Shearman & Sterling and Littler Mendelson. Unlike other solutions that advertise law firms and lawyer names, but actually have very limited involvement from true experts, ELT's attorneys are truly "hands on" in design, development and ongoing maintenance.
Is a true story-based, character-driven course with significant customization capabilities that can accommodate content specific to an organization or industry.
Plays out scenarios in many ways, just as in real life.
Educates all employees and executives on the basics of a company's specific Code and compliance program.
Builds essential staff skills around recognizing and responding to ethical dilemmas.
Underscores the individual responsibility shared by every employee in the organization regarding ethics and the Code.
Provides comprehensive electronic tracking and documentation and has the power to validate that employees are trained effectively.
Helps organizations build a commitment to practiced ethics and compliance.
Ethics & Code of Conduct is available immediately through ELT (www.elt-inc.com). Pricing is flat-fee based and dependent on the total number of employee learners. The investment per employee, per year ranges from $2 - $20.
For more information about this course and to view an interactive demonstration of the product, please go to: http://www.elt-inc.com/ethics_code_of_conduct/ethics_code_of_conduct. html (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists), call 877-358-4621 or email info@elt-inc.com.
About ELT
ELT advises large and small businesses on compliance issues and is a leading provider of next generation, Web-based training programs focused upon risk management for managers and employees. An independent, profitable, stand-alone organization committed to excellence and innovation in compliance training, ELT uses legal engineering(TM) to educate staff and help employers establish defenses to potential workplace litigation. The unsurpassed quality of ELT's legal content, instructional design and training support services provides clients with extraordinarily high completion rates and user satisfaction.
ELT provides a tightly designed, concise library of courseware. The company's highly-rated programs are currently training more than 1,000,000 employees and managers and delivering measurable ROI. Over 300 leading organizations across the United States including Cisco Systems, General Mills, United Airlines and hundreds of other visionary companies depend on ELT for the most up-to-date, effective compliance and risk management solutions. ELT has both the technical infrastructure and the real-world client experience from practicing counselors at Shearman & Sterling and Litter Mendelson to support any company's unique structure and training needs. ELT is a privately-held company with its worldwide headquarters in San Francisco, California. For more information visit the ELT website at www.elt-inc.com, call 877-358-4621 or email info@elt-inc.com.
The ELT logo, Working People and Legal Engineering are trademarks of Employment Law Learning Technologies, Inc. (ELT). All other products, services, companies, and publications are trademarks or registered trademarks of their respective owners.
MULTIMEDIA AVAILABLE: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=4894734
--------------------------------------------------------------------------------
Contact:
Groshelle Communications
Heidi Groshelle, 415-563-1893
heidi@groshelle.com
--------------------------------------------------------------------------------
Source: ELT
Source: Business Wire
All trademarks and copyrighted information contained herein are the property of their respective owners.
Related Articles
|
|
|
