News Summary
Leidos has introduced a comprehensive ethics and compliance framework that addresses critical business challenges in today’s landscape. This initiative highlights the company’s commitment to integrity and sets new industry standards through robust programs, transparency, and support for whistleblowers. With senior management oversight and dedicated training, Leidos aims to foster a culture built on trust and accountability.
Leidos Steps Up Its Game in Ethics and Compliance
In today’s rapidly changing business landscape, ethics and compliance have never been more crucial. To address these challenges, Leidos has introduced an enhanced ethics and compliance framework packed with a variety of comprehensive programs and reporting options. This initiative reflects the company’s commitment to integrity and sets a high standard in the industry.
Get Your Data Ducks in a Row
Before diving headfirst into auditing your compliance programs, it’s essential to take stock of the data at your fingertips. Organizations often tend to overlook the importance of having formal processes in place when it comes to compliance. Conducting a thorough gap analysis can be a valuable first step to assess what’s working and what needs improvement. Tracking allegations and knowing how swiftly they’re reviewed can make a world of difference in addressing compliance matters efficiently.
Transparency is Key
It’s not just about addressing compliance issues—how you communicate these allegations matters too! Maintaining transparency with reporters about compliance-related matters helps build trust within and outside the organization. In doing so, you’re laying the groundwork for an open culture that encourages further reporting of any concerns that may arise.
Safety First: Protect Your Data
Data protection must be at the forefront, especially regarding sensitive information linked to attorney-client privilege. It’s crucial for companies to safeguard this information to maintain not only compliance but also the trust of their employees and clients.
Empowering Whistleblowers
Organizations should audit their efforts to encourage whistleblowing, which includes examining whether managerial compliance training is being adhered to. Regular meetings of the compliance and ethics committee keep governance in check, ensuring everyone is on the same page with a clear agenda. Thorough investigations require trained and adequately staffed investigators, ensuring no stone is left unturned.
Leidos Sets the Standard
Leidos has garnered recognition for its strong ethical foundation, emphasizing integrity since its establishment in 1969. The company’s commitment to ethical conduct is evident through its robust Ethics and Compliance Program, managed by the Ethics and Business Integrity Office. With the formation of the Employee Ethics Council back in 1984, Leidos has effectively integrated ethics into its culture, encouraging employees to stand up for what is right.
Elevating Ethics with Senior Management Oversight
At Leidos, there’s even a dedicated position for overseeing ethics and compliance, with the Chief Compliance Officer reporting directly to the CEO and Board. This level of oversight reflects the company’s serious commitment to maintaining high ethical standards. To ensure continuous improvement, the company conducts regular audits of its compliance programs, evaluating risks and compliance with laws.
Investing in Training
Annual training in ethics and compliance aligns well with Leidos’ core values of integrity and respect. Employees have 24/7 access to a Helpline managed by a third-party administrator, allowing them to report any concerns anonymously. Every report of misconduct is meticulously documented in an Enterprise Case Management System for careful tracking and investigation.
Zero Tolerance for Retaliation
Leidos maintains a zero-tolerance policy towards retaliation against whistleblowers; any violations can result in disciplinary action. Compliance with anti-corruption and anti-bribery policies is also stringently enforced, demonstrating Leidos’ commitment to ethical conduct in accordance with international laws.
Holding the Line on Human Rights
In addition to its ethics initiatives, Leidos aligns with the UN principles on human rights, ensuring employees are aware of their obligations regarding anti-human trafficking laws. Specific procedures are outlined for reporting any suspected human trafficking during federal contract work, further showcasing that Leidos is serious about social responsibility.
Culture Built on Trust
The overall culture at Leidos is rooted in trust, transparency, and accountability. By fostering an environment where employees feel comfortable acting ethically, Leidos encourages everyone to contribute to a healthy, ethical workplace.