Wellfleet Strategies is composed of some of the best business compliance people in the world – attorneys, accountants, former regulators, and other industry professionals who bring real-world experience to the table. We have decades of experience in helping businesses develop the policies and practices they need to protect their future.
Is Your Compliance Program Doing What it Needs to Do?
Most companies have some kind of structure in place to prevent and respond to crises. Unfortunately, most of these programs are formulaic, designed only to give the appearance that the company is prepared to handle serious ethical breaches and operational failures. For those looking to engage in unethical or illegal behavior, these policies only provide a roadmap by showing them how to avoid detection. Alternatively, these policies can become stale, outdated, and ineffective.
You need policies and procedures that are living, breathing manifestations of the values your company believes in. Built on a network of some of the best minds and strongest talents in the business world, we work closely with our clients to develop policies that provide the protection and stability that they need.
The Wellfleet Strategies Approach
When it comes to governance, we take a proactive approach – your compliance program should be more than a binder than only gathers dust on a bookshelf somewhere. One of the first things we do is meet with your executive and management team to understand how you operate and what you hope to achieve. We don’t believe in one-size-fits-all solutions. Our goal is to develop a fully customized governance program that is uniquely suited to your organization.
From there, we thoroughly review your current practices and policies to understand what you currently have in place. We then put those policies to the test to see what works and what doesn’t. For example, we may submit a complaint to your ethics hotline to make sure that it is handled appropriately. We want to measure how quickly your people react to a potential crisis and how effectively they can manage it before it gets out of control.
Finally, we take what we have learned and help you build a stronger, more nimble, and more effective compliance program. Sometimes this involves a few tweaks to existing policies, but sometimes it means developing an entirely new program. In either event, we work side-by-side with you to develop a program that works for your organization and meets your needs. We also work with you to make sure your new practices are fully realized and implemented.