Archive for February 14, 2017

Top Five Reasons to Adopt a Compliance Program

In the wake of numerous scandals like Enron where companies have exploited the public and committed fraud, the government now requires publicly traded companies to have a robust ethics and compliance program in place. The requirements have been changed or added by regulators over the years as they enact detailed laws and step up enforcement in a number of areas. Today, it has become the norm for Fortune 500 companies to have rigorous compliance training programs, have compliance professionals on staff as well as detailed policy manuals. But, what about non-Fortune 500 companies? Should they have a compliance program in place?

Here are the top five reasons for every business to adopt a compliance program:

Reason 1: Stay out of trouble

One of the most important reasons for adopting and enforcing a good ethics and compliance program is to prevent a violation of the law. When you have implemented a good corporate compliance program, you will be able to identify the problem areas early and prevent costly mistakes. There is no need for a good compliance program to be expensive and it should be tailored as per the company’s operations and business. In this way, it will be able to focus more on areas of higher risk, whether it is employment, environmental, government procurement, ethics, antitrust, employment or any area where federal, state or local laws provide for corporate civil or criminal liability. Here’s an interesting page with more information in this regard: https://www.minutesdepot.com/press

Reason 2: Stay out of court

With a robust compliance policy, a business can be protected from adverse legal action, depending on the kind of offense. When subcontractors, employees or business partners make bad decisions, a knowledgeable corporate counsel and a solid compliance program can convince prosecutors or regulators not to press charges.

Reason 3: Create business advantage

Government entities, large companies and foreign concerns are looking for business partners who have effective corporate policies. A good compliance program and a reputation of being an ethical business can lure in top talent and also make your business an attractive option for potential partnerships, acquisition or merger considerations and for contract opportunities.

Reason 4: Protect your reputation

As far as compliance mistakes and ethical violations is concerned, the adage ‘any press is good press’ doesn’t really apply. Even rumored or suspected violations can damage the reputation of your business and provide competitors with a solid advantage. When a compliance program is implemented, it sensitizes employees to key issues and also strengthens your reputation as an ethical and diligent business.

Reason 5: Mitigate your damages

If a problem does arise, courts and enforcement officials generally look favorably on businesses that had solid corporate policies in place for preventing problems. As a matter of fact, a business that cooperates with investigation can actually get a 95% reduction in fines as per the U.S. Federal Sentencing Guidelines, as long as they maintained an effective ethics and compliance at the time of violation.

These are some excellent reasons for adopting an effective ethics and compliance program for your business in the long run.

The Challenges of Legal Translation

There is one area of expertise that requires a lot of precision. I am thinking here about the law. Even the smallest of mistakes can mean the difference between losing or winning a case and this is why everything has to be written in a very clear and precise way. In other words, Legal translation is something that matters a lot if you happen to be in the business.

So what is legal translation anyway and why such a fuss about it? Why is it so important to entrust the fate of your legal documents to somebody who is experienced enough to handle them the right way? Since the main principle of legal translation is to explain and convert of legal documents written in a precise language into another, it is no wonder that only the most skilled of translators are able to undertake the task. What is more, many of such translators also have a very vast knowledge about the law, which further allows them to make the well-informed decisions when it comes to translating some of the toughest of documents one can possibly imagine. What is more, legal translation is all about the transformation of written material, but at the same time taking into consideration the legal structure of the country the translator is working for.

if you have a legal practice and are faced with a task of having to translate some of your documents into another language, you will be better off if you are going to hire a professional translator to do everything for you. Even if you feel like you know another language, this might not be enough to convert a legal document into a text that makes sense in an another foreign language. Very often, the services of legal translators are required in order to accomplish the goal of as precise translation as possible.

When Defense Matters

There might be a time in the life of each one of us when we might want to find somebody to help us to defend in court. I am not saying that situations like these happen all the time, but when they do it is better to be prepared for them in advance.

The time when you or your loved one faces criminal charges can be a very exhausting. Not only are you under a lot of stress from your local authorities, but not being able to tell for certain how you are going to end up is exhausting and tiring as well. This is where qualified and experienced criminal attorneys come in with everything they have to offer.

One reason to hire a defense attorney is to have somebody by your side willing to offer you their expertise and guidance. Only that way can you be sure that you are getting the best help you can possibly get. Alternatively, you can always choose to face the charges on your own without anybody by your side, but the problem with this approach is that you might not have what it takes to be able to defend yourself in court. Additionally, if you choose to use a state-appointed criminal attorney he or she might not have enough motivation to do their best in order to present your case in the best way possible. There is definitely too much at stake here: when you know for sure that you simply cannot afford to lose a case the best course of action is to take all the necessary steps to ensure that you have somebody with you who will do their absolute their best to help you with anything you might need help with. If you live in the New York area, finding the right criminal defense attorney shouldn’t be a problem for sure.