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organizational narrative template
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# Organizational Narrative
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Here we narrate why our org satisfies the control keys listed in the YML block
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The following provides a description of the corporate a management structure of {{.Name}}.
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# Template Coming Soon
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The intent of this description is to establish both the legal jurisdiction and corporate cultural norms that serve as the foundation for {{.Name}}'s compliance program.
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# Entity Type
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{{.Name}} is a Delaware C-Corporation headquartered in San Francisco, California. {{.Name}} was established in 1970.
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# Integrity and Ethics
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The Directors and Executives of {{.Name}} aspire to and demonstrate standards of ethics and integrity consistent with professional norms in American corporate environments.
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Chief among these standards is a commitment to honesty in interactions with and among managers, directors, employees, contractors, customers, and other stakeholders.
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# Board Independence
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The Board of Directors appoints and oversees the Chief Executive Officer (CEO).
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# Organizational Structure
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{{.Name}} is composed of 7 primary divisions:
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* Sales
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* Marketing
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* Manufacturing
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* Research & Development
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* Information Technology
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* Human Resources
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* Finance
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Each division is led by a Vice President, who in turn reports to the CEO. A complete Organization Chart is maintained and distributed by Human Resources.
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# Management Objectives
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Work is distributed to each division via Objectives set by the respective division Vice President, in collaboration with the Chief Executive Officer.
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# Risk to Objectives
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{{.Name}} seeks to manage risk to Objectives through professional management strategies and tactics, including:
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* Rigorous hiring practices
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* Employee performance reviews
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* Aligning compensation with objectives
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* Regular communication of objectives by executive management
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# Fraud Risk to Objectives
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{{.Name}} acknowledges the possibility that fraud may imperil corporate objectives. {{.Name}} undertakes various activities to manage fraud risk, including:
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* Conducting regular financial audits
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* Adhering to financial control principles
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* Investigating suspicious transactions
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* Performing criminal background checks on all employees
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* Maximizing the use of information technology in fraud detection
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