Exactly How Effective is Compliance?

10/20/16:  Compliance programs are required by law, but just how effective do companies think their compliance programs are?  That’s a question asked and answered in a survey of compliance and ethics officers conducted jointly by the health Care Compliance Association and the Society of Corporate Compliance and Ethics.  The survey is enlightening for companies across the business spectrum.  One important finding of the survey: 83% of those surveyed reported that their programs had prevented one incident of misconduct over the previous two years but a full 46% of those surveyed reported a that six or more incidents had been prevented.  The survey gives a good picture of what worked, where the potential problems are, and how misconduct was prevented or detected.