Colleges and universities are facing a climate of increased regulation, reporting and enforcement and need a meaningful, institution-wide compliance program to reduce risks and maintain a commitment to the institutions' values and culture.
Well-structured compliance programs serve as a managerial tool providing administrators with information to better understand and avoid the risks and to prove due diligence in preventing misconduct.
PorzioCS' expertise in helping higher education institutions is enhanced through its parent, Porzio, Bromberg & Newman, P.C., and draws upon the law firm's resources to support organizations in many types of issues. For instance, we:
There is often resistance to creating new processes, however, history has shown that institutions without effective compliance structures invite serious risks and may lead to the loss of high profile faculty, quality potential students and donors, as the institution's credibility suffers. PorzioCS partners with leadership to gain understanding and support for the development and implementation of comprehensive compliance and ethics programs.
To accomplish this, we proactively guide organizations through the changing regulatory environment and establish required compliance programs, including structure, assignment of responsibilities, communication, training and oversight, that are necessary to ensure the rules and regulations are followed and staff, leadership and the board are protected.
Regardless of the size of the institution, whether it is public or private, PorzioCS can assist in the creation and implementation of an effective compliance program. Through our unique structure and close law firm relationship, we are able to provide help in a more efficient and cost-effective manner.