mirror of
https://github.com/strongdm/comply
synced 2024-11-25 09:04:54 +00:00
72 lines
2.3 KiB
Markdown
72 lines
2.3 KiB
Markdown
name: Organizational Narrative
|
|
acronym: ON
|
|
satisfies:
|
|
TSC:
|
|
- CC1.2
|
|
- CC1.3
|
|
- CC1.4
|
|
- CC1.5
|
|
- CC3.1
|
|
- CC3.2
|
|
- CC3.3
|
|
majorRevisions:
|
|
- date: Jun 1 2018
|
|
comment: Initial document
|
|
---
|
|
|
|
# Organizational Narrative
|
|
|
|
The following provides a description of the corporate a management structure of {{.Name}}.
|
|
|
|
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.
|
|
|
|
# Entity Type
|
|
|
|
{{.Name}} is a Delaware C-Corporation headquartered in San Francisco, California. {{.Name}} was established in 1970.
|
|
|
|
# Integrity and Ethics
|
|
|
|
The Directors and Executives of {{.Name}} aspire to and demonstrate standards of ethics and integrity consistent with professional norms in American corporate environments.
|
|
|
|
Chief among these standards is a commitment to honesty in interactions with and among managers, directors, employees, contractors, customers, and other stakeholders.
|
|
|
|
# Board Independence
|
|
|
|
The Board of Directors appoints and oversees the Chief Executive Officer (CEO).
|
|
|
|
# Organizational Structure
|
|
|
|
{{.Name}} is composed of 7 primary divisions:
|
|
|
|
* Sales
|
|
* Marketing
|
|
* Manufacturing
|
|
* Research & Development
|
|
* Information Technology
|
|
* Human Resources
|
|
* Finance
|
|
|
|
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.
|
|
|
|
# Management Objectives
|
|
|
|
Work is distributed to each division via Objectives set by the respective division Vice President, in collaboration with the Chief Executive Officer.
|
|
|
|
# Risk to Objectives
|
|
|
|
{{.Name}} seeks to manage risk to Objectives through professional management strategies and tactics, including:
|
|
|
|
* Rigorous hiring practices
|
|
* Employee performance reviews
|
|
* Aligning compensation with objectives
|
|
* Regular communication of objectives by executive management
|
|
|
|
# Fraud Risk to Objectives
|
|
|
|
{{.Name}} acknowledges the possibility that fraud may imperil corporate objectives. {{.Name}} undertakes various activities to manage fraud risk, including:
|
|
|
|
* Conducting regular financial audits
|
|
* Adhering to financial control principles
|
|
* Investigating suspicious transactions
|
|
* Performing criminal background checks on all employees
|
|
* Maximizing the use of information technology in fraud detection |