Risk Management Tips to Keep Your Firm Scandal-Free

At no other time in history have companies been as far under a microscope as they are today. Ethical breaches can quickly ruin a firm’s reputation. Fortunately, as we’ve noted at Universal Events, there are procedures and practices you can put in place to lessen your risk potential and avoid scandals:

• Coaching: We have a top-notch coaching program at Universal Events. This allows us to share wisdom and know-how with our new employees. It also lets our leaders model the behaviors we expect our staff to follow. We infuse all that we do with our values like integrity and professionalism. This lets us safeguard our firm’s representation as well as the organizations we represent. Whether we are doing paperwork or meeting with the public, we want to show we’re above board at all times.

• Monitoring: Monitoring systems can allow you to see any potential problems quickly. When observed in time, you can make sure they don’t get out of control. Analyze reporting to ensure that there are no pockets of ethics breaches. If you see an issue, have policies in place to immediately address the situation. Monitor complaints and look for emerging trends, as well as from where they are coming.

• Modifying Behaviors: You should include key performance indicators (KPIs) as part of your metrics. These could be things such as customer approval ratings. Our Universal Events experts propose nudging your employees to respond positively to ethical practices with rewards.

For more business ethics tips, visit us at www.universalevents-inc.com.