Standard | Controls Satisfied |
---|---|
TSC | CC1.2, CC1.3, CC1.4, CC1.5, CC3.1, CC3.2, CC3.3 |
The following provides a description of the corporate a management structure of {{CompanyName}}.
The intent of this description is to establish both the legal jurisdiction and corporate cultural norms that serve as the foundation for {{CompanyName}}'s compliance program.
{{CompanyName}} is a Delaware C-Corporation headquartered in San Francisco, California. {{CompanyName}} was established in 1970.
The Directors and Executives of {{CompanyName}} 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.
The Board of Directors appoints and oversees the Chief Executive Officer (CEO).
{{CompanyName}} 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.
Work is distributed to each division via Objectives set by the respective division Vice President, in collaboration with the Chief Executive Officer.
{{CompanyName}} 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
{{CompanyName}} acknowledges the possibility that fraud may imperil corporate objectives. {{CompanyName}} 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