Is Your Corporate Reputation at Risk?
Nothing makes an executive team more uncomfortable than mention of an internal whistleblower. It doesn’t have to be that way.
A well-designed program that encourages stakeholders to bring ethical and illegal activities to management’s attention will help you identify and address potential problems before they put your company’s reputation at risk.
Virtual Open Door – Creating A Culture of Openness
Virtual Open Door is a Web-based platform that lets you establish a culture of openness. This turnkey solution provides all of the tools, staff and reporting mechanisms you need to gather, validate and track issues raised by your constituents. And it fully supports Section 301 of Sarbanes-Oxley.
Features of Virtual Open Door
Confidential Case Reporting
Virtual Open Door provides absolute security and privacy for stakeholders to report their concerns. The system prompts the user for case details, which are routed to Board Advisory Services, assuring your employees of third-party objectivity.
Board Advisory Services will test the veracity of each complaint, and send a report to your designated business owners. Complaints that involve claims of financial misconduct will be forwarded to the board, as required by Sarbanes-Oxley.
Virtual Open Door assigns a unique tracking number to every complaint that is entered. All subsequent comments and research are tracked by the unique number.
BAS helps you develop a plan for communicating how to use Virtual Open Door to your employees, suppliers and customers, and expressing your company’s commitment to addressing potential problems.
Benefits of Virtual Open Door
- Communicates your company’s commitment to good governance.
- Provides absolute assurance of privacy and anonymity.
- Helps you identify and address problems in a timely manner – before they put your corporate reputation at risk.
- Ensures compliance with Sarbanes-Oxley Section 301 (requires the audit committee of public companies to establish procedures for “receipt, retention and treatment of complaints”).
Click here to download a PDF of BAS’s Datasheet on Virtual Open Door.