Course DescriptionNew legal requirements — such as those found in the 2010 Dodd Frank Conflict Minerals Act, the California Transparency in Supply Chains Act, the Executive Order Strengthening Protections Against Trafficking in Persons in Federal Contracts and others — impose unique compliance and third-party due diligence obligations on the global business community. Class actions and consumer claims brought against companies selling products featuring allegedly false or misleading corporate social responsibility (CSR) attributes (such as “fair trade,” “slavery-free,” “sustainable” and “cruelty-free”), as well as related Federal Trade Commission actions, present very real threats to today’s global corporations.
Upon completion, participants will be able to:
- Ensure business-wide CSR compliance with applicable legal and social compliance auditing standards.
- Conduct an initial mapping and risk-based analysis of the supply chain.
- Identify and rank discrete areas posing the greatest subject-specific vulnerability.
- Develop practical steps to reduce or eliminate identified CSR and supply chain risks.
- Devise CSR standards of conduct and incorporate them into existing policies and procedures.
- Implement CSR standards throughout the supply chain.
- Set up effective reporting hotlines and introduce criteria for escalating reports.
- Identify and mitigate the greatest supply chain and third-party “risk aggregators.”
- Develop tailored supplier/transaction-partner certifications.
- Conduct targeted due diligence on and vetting of potential suppliers and transaction partners.
- Harmonize business, social and compliance objectives.
- Incorporate company values and culture into business model and compliance regime.
- Develop a “CSR toolkit” for executives and managers in key functional areas.