Which two main documents are essential for building a compliance program?

The selection of the Code of Conduct and procedures and policies as the two main documents essential for building a compliance program is vital because they serve as the foundation for establishing ethical behavior and operational guidelines within an organization.

The Code of Conduct articulates the organization's values and ethical principles. It provides employees with clear expectations regarding acceptable behavior and guides them in making decisions that align with the organization’s mission and compliance requirements. This document not only sets the tone for compliance but also communicates the organization’s commitment to integrity and accountability.

Procedures and policies are equally important as they translate the principles outlined in the Code of Conduct into actionable guidelines. These documents detail the specific processes employees should follow in various situations to ensure compliance with laws, regulations, and internal standards. They help provide clarity on expected practices within the organization and ensure that employees understand their roles and responsibilities regarding compliance.

Together, the Code of Conduct and policies and procedures create a comprehensive framework that not only promotes compliance but also fosters a culture of ethical behavior throughout the organization. This combination is crucial for effective compliance management and helps prevent violations by establishing clear expectations and processes.