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ccr - 1 Running head Corporate Compliance Report Corporate...

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1 Running head: Corporate Compliance Report Corporate Compliance Report Malik Harris University of Phoenix
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2 Abstract All Companies will face various issues dealing with corporate compliance. The adoption of a corporate compliance program by an organization creates standards and processes that will ensure optimal outcomes for a company. In this paper I will address some of the enterprise risk management strategies that I feel would improve the company that I work for, Healthways.
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3 Corporate Compliance Report The organization that I currently work for Healthways is a corporate based wellness company. Healthways is a proactive, creative, total Health and Care Support organization thinking in new ways about your health. By offering the broadest array of services; adhering to the highest standard of delivery; encouraging individual engagement; and providing proven, validated outcomes Healthways is leading the expanding industry by setting a new standard in healthcare. For twenty-five years, Healthways has proven it’s financial, operational, and program value with large, recurring revenues, positive cash flow, and validated outcomes. The Committee of Sponsoring Organizations known as the COSO defines Enterprise Risk Management as “a process, effected by an entity's board of directors, management, and other personnel, applied in strategy setting and across the enterprise, designed to identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives." The framework of COSO consists of eight different components and four different objectives. The eight components - additional components highlighted - are: Internal Environment, Objective Setting, Event
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