managingcorporatefraud

corporate fraud, insurance fraud and prevention strategies. What can be done to mitigate losses. Understanding the root cause associated with fraud will help deter fraud from taing place. Being reactive is too late - this blog is designed to look at alternative methods of dealing with fraud

Wednesday, February 14, 2007

Preview of the Insurium Privacy Compliance CA Module 903
Available at:
"Lulu (www.lulu.com), the world's fastest-growing provider of print-on-demand books." or directly from Insurium at info@insurium.com

PRIVACY POLICY
Date of original issue:

Enter Date Here
INTRODUCTION
In 2000, the federal government of Canada enacted The Protection of Personal
Information and Electronic Documents Act ( "PIPEDA"). Effective January 1, 2004, all
organizations that collect, use or disclose personal information in the course of their
commercial activities will be subject to PIPEDA or substantially similar provincial
legislation such as; Personal Information Protection Act ("P.I.P.A") (collectively, "privacy legislation").
Briefly stated, privacy legislation requires that the consent of an individual be obtained
for the collection and use of his or her personal information, that steps be taken to
protect personal information and that one or more individuals be appointed to monitor
compliance with the provisions of applicable privacy legislation.
Your Company Name Here ("Your Company Name "Shortened" Here") is committed to controlling the collection, use and
disclosure of personal information provided by the customers and employees and have adopted this Privacy Policy to ensure the accuracy, confidentiality and integrity of such personal information.
APPLICATION
This Privacy Policy applies to personal information that (Your Company Name "Shortened" Here) collects, uses or discloses in respect of any of its customers or employees in the course of its commercial activities. It does not, however, apply in respect of the collection, use or disclosure of the following information :
• Information that is publicly available, such as a customer’s name, address, telephone number and electronic address, when listed in a directory or made available through directory assistance;
• The name, title, business address or telephone number of an employee of an organization that is publicly available.
The application of this Privacy Policy is subject to the requirements or provisions of any
applicable legislation, regulations, tariffs or agreements (such as collective agreements),
or the order of any court or other lawful authority. Various legal criteria independent of
this Privacy Policy will determine whether federal or provincial privacy legislation applies
to the personal information that Your Company Name "Shortened" Here collects, uses or discloses in respect of its customers or employees.
This Privacy Policy does not replace those criteria and nothing in this Privacy Policy should be construed as indicating which privacy legislation, if any, applies to the collection, use and disclosure of personal information.
DEFINITIONS
The following defined terms are used throughout this Privacy Policy:
Your Company Name "Shortened" Here – means Your Company Name Here Inc.
Collection – means the act of gathering, acquiring, recording or obtaining personal information from any source, including third parties, by any means.
Consent – means voluntary agreement with the collection, use and disclosure of personal information for defined purposes. Consent can be either express or implied and can be provided directly by the individual or by an authorized representative. Express consent can be given orally, electronically or in writing but is always unequivocal and does not require an inference on the part of Your Company Name "Shortened" Here. Implied consent is consent that can reasonably be inferred from an individual’s action or inaction.
Customer – means an individual who:
(a) subscribes for, uses, or applies to use, the products or services of (Your Company Name "Shortened" Here);
(b) corresponds with a (Your Company Name "Shortened" Here); or
(c) enters into a contractual agreement with (Your Company Name "Shortened" Here).
Disclosure – means making personal information available to (Your Company Name "Shortened" Here’s) employees, contractors, or third parties outside of (Your Company Name "Shortened" Here).
Employee – means an employee, former employee or pensioner of a (Your Company Name "Shortened" Here) and, for the purposes of this Privacy Policy, includes the directors,
shareholders and security holders of (Your Company Name "Shortened" Here).
Personal information – means information about an identifiable individual recorded in
any form and includes, but is not limited to, such things as race, ethnic origin, nationality, colour, age, gender, marital status, religion, education, medical information, criminal
information, performance reviews, trade union membership, employment and financial
history, income, address and telephone number, e-mail address, numerical identifiers
such as Social Insurance Number, and views and personal opinions. Personal information also includes information about a customer’s product and service subscriptions and usage, credit information, billing records, service and any recorded complaints and, in the case of an employee, includes information found in personal employment files, performance appraisals and medical and benefits information. Publicly available information, such as a public directory listing of names, addresses, telephone numbers and electronic addresses, however, is not considered personal information.






Privacy legislation – means The Personal Information Protection and Electronic
Documents Act (Canada) and/or substantially similar provincial legislation.
Third party – means an individual other than the customer/employee or his or her agent
or an organization other than (Your Company Name "Shortened" Here).
Use – means the treatment, handling and management of personal information by the
(Your Company Name "Shortened" Here).
THE TEN PRIVACY PRINCIPLES
This Privacy Policy has been developed in accordance with the standards set out in
PIPEDA, PIPA and is modeled after the Insurium Corporate Achievement Training and Education, Model Code for the Protection of Personal Information, CA Module 903 (the "Insurium Code"). Accordingly, the ten principles of fair information practices, as identified by the Insurium Standard, have been adopted by Your Company Name Here represent a formal
statement of the minimum requirements to be adhered to by (Your Company Name "Shortened" Here) for the protection of personal information collected from the customers and employees of (Your Company Name "Shortened" Here).

Preview of the Insurium Privacy Compliance CA Module 903
Available at: "Lulu (www.lulu.com), the world's fastest-growing provider of print-on-demand books." or directly from Insurium at; info@insurium.com

Support independent publishing: buy this e-book on Lulu.

Support independent publishing: buy this e-book on Lulu.

Tuesday, February 13, 2007

Build your Business with Integrity and Protect the Confidential Information Entrusted to you.


By Martin Maylor,
Business Responsibility and Compliance Consultant
Insurium Inc.
www.insurium.com

Who steals my purse steals trash; tis something, nothing; twas mine, tis his, and has been the slave to thousands; but he that filches from me my good name robs me of that, which not enriches him, and makes me poor indeed. - William Shakespear, Orthello –

The right to privacy is a fundamental value in all democratic societies (1). Article 12 of The Universal Declaration of Human Rights, adopted by the General Assembly of the United Nations (2), and the Canadian and Quebec charters of rights and freedoms (3,4) all recognize the importance of preserving privacy in a free society. With the arrival of the digital age and the relative ease with which huge databases can be created and exchanged, the risks to individual privacy have grown even more rapidly (12). Individual health care information, once entrusted only to one’s physicians or close family members, has now become routinely available to a much broader audience. Canadian Legislation:

To view the full article click on this link: http://www.insurium.com/articles/build-your-business-with-integrity-and-protect-the-confidential-information-entrusted-to-you.php

Wednesday, February 07, 2007

Workplace Bullying

BY; Martin Maylor, Insurium Inc.

75% of victims eventually left an organization because of bullying. Since over 80% of bullies were in management positions, they had some measure of power over their victim, which they exploited to their own sadistic ends. – Campaign Against Workplace Bullying (C.A.W.B)


(C.A.W.B) defines workplace bullying as; "the repeated, malicious verbal mistreatment of a victim (the recipient) by a harassing bully (the perpetrator) that is driven by the bully’s desire to control the victim."

The objective of any workplace bully is control, power, domination and subjugation. The means by which that objective is attained varies from bully to bully but can include deception, corruption and collusion, negligence, dereliction of duty, conspiracy, or even criminal acts.
The Canada Safety Council states that bullies tend to be insecure people with poor or non-existent social skills with little empathy. Like other criminal types they look for system failings and fester in the insecure corporation finding satisfaction in their ability to attack and diminish the capable people around them. A workplace bully subjects the victim to unjustified criticism and even minor fault finding. In addition, the bully humiliates the victim, especially in front of others, and ignores, overrules, isolates and excludes the victim.

"Most cases of bullying involve a serial bully: one person to whom all the dysfunction can be traced. The serial bully has done this before, is doing it now and will do it again. The serial bully in the workplace is often found in a job which is a position of power, has a high administrative or procedural content but little or no creative requirement." - Tim Field, a workplace bullying specialist based in the United Kingdom

According to Tim Field; The bully, is adept at escaping from accountability. This is largely because of their amazing ability to use deception and misperception to turn the tables on their accuser. Field notes that, when called to account, the bully instinctively denies everything and then mounts an aggressive counter-attack based on distortion or outright fabrication. The purpose is to avoid answering the question, thus avoiding the requirement of accepting responsibility for their behaviour. This tactic forces the victim into giving another long explanation to counter the bully’s allegations. Quite predictably, the bully’s original transgression is forgotten.

To view the complete article visit; http://www.insurium.com/articles/harassment-in-the-workplace.php

"In division there is opportunity".

Unless companies adopt an holistic approach to security that focuses on building and fostering a culture of honesty and integrity, GAP’s will appear in their defenses and in their ability to perform their mission; of selling their products and services. Once GAP’s are exposed, they can be exploited for the personal gain of the individual(s) exposing them. Once this occurs, the only question remaining will be; can you cope with the crisis being caused and to what extent is "damage control" required. Insurium has the solution www.insurium.com

In order, to adequately protect your corporate assets (People, Property, Income and Reputation), companies need to understand what they are exposed to. This requires a corporate understanding that integrates business and technological perspectives. When we speak of risks associated with assets, we need to evaluate all risks and incorporate these risks into our strategic and crisis planning. Implementing prevention strategies will ultimately reduce the risk of an occurrence. Occurrences could range from minor to major occurrences inhibiting a company from continuing its mission.

The risk of disaster and mismanagement are inherent in the corporate world and therefore, upper management should be responsible to ensure that the corporation is exercising the necessary amount of "duty of trust" and "duty of care". Reasonable efforts to investigate and become informed about the condition of the corporation, its assets and the conduct of its affairs would be seen as a responsibility "prudent" business men would exercise. For more information on The Insurium Solution visit; http://www.insurium.com/ or contact Insurium and request a copy of their book titled: PROTECTING YOUR CORPORATE ASSETS by Martin Maylor, Corporate Security Specialist and Crime Fighter

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Friday, February 02, 2007

WAREHOUSE INVENTORY CONTROL
If like so many companies today you are faced with an ever growing labor shortage, fading knowledge due to increased retirements, GAP of skilled workers, stringent compliance and regulatory requirement aimed at safety and security.
The lack of standardization and / or implementation of procedures and policies between upper management and operations will create a GAP in business efficiency. With GAP’s like these there is little wonder why companies are facing inventory shortages / shrinkage and increased time waste and mismanagement.
In order to maintain optimal business efficiency the company’s directors need to take a positive leadership role. The lack of positive direction and reliable information will impair the company’s ability to ascertain;
Know the quantity, location, condition and value of it’s assets
Safeguard its assets from physical deterioration, theft, loss or mismanagement
Prevent unnecessary storage and maintenance costs or purchase of assets already in stock
Determine the full costs of programs that use these assets
Managing the acquisition, production, storage and distribution of products and services is critical to controlling costs, operational efficiency and mission readiness. Proper accountability requires detailed records of itemized or acquired products and materials are maintained. The costs associated with poor inventory management go far beyond that of an item of lost inventory.
Leadership is possibly the single most important element of a successful business and appears everywhere. Leadership and standards are set at the top management level and are filtered through every department.
Managers are required to provide an inspiring vision, make strategic directions that are understood and followed by all and instill values that guide subordinates. These philosophies and values provide focus, clarity and direction.
In order for a company to move forward with their objectives; maximizing revenues, containing costs and best manage their current assets, they need to take stock of their value and evaluate the risks facing these assets. Costs to a company from poor inventory management will vary considerably, yet, the following costs are seen frequently:
Time Mismanagement
Companies that have problems with inventory accuracy rates frequently have a time mismanagement problem where employees spend unnecessary time looking for items of inventory
Over Purchasing of Inventory
When inventory mismanagement is seen, it affects purchasing. If items of inventory are not located in stock (NIL) and in order to maintain customer satisfaction the purchaser replenishes items not found in inventory. If that item is later found in stock, this over-purchase can create an unnecessary cash shortage
Inventory mismanagement creates many unnecessary costs and provides an opportunity for unscrupulous employees to create inventory shrinkage. Insurium has created an inventory best practice that covers the following eleven modules;
Establish Accountability
Create Written Policies
Selecting an Approach
Frequency of Counts
Segregation of Duties
Enlisting Knowledgeable Staff
Supervision
Blind Counts
Physical Counts
Investigations
Evaluation
Case Study
A sixteen-year-old company that retained approximately $10 million in active inventory in three separate warehouses utilized a brand name computerized inventory software system to track and maintain each item. These items of inventory were provided a unique personal identifier.
The company’s accuracy rating for inventory was less than 50% even though they had incorporated RFID technology to track individual items.
We found inadequate leadership from executive management, which resulted in middle management taking control of inventory. The middle managers manipulated the inventory software system. This lack of management and knowledge allowed middle management to make up their own rules allowing themselves to write off inventory at will or switch RFID numbers of good condition inventory items to those that were returned broken. Not only did we identify lost inventory rates of approximately 50% but also, we identified losses exceeding $250,000 per year.
The Insurium Inventory Best Practice will demonstrate how to avoid these pitfalls and implement strategies that enable inventory accuracy rates.
For more information on how to obtain your copy of this booklet contact Insurium at info@insurium.com