Putting Principles into Practice
The OCEG Framework is a comprehensive, best practice model for implementing, managing and evaluating integrated governance, risk management, compliance and ethics programs. It documents legal requirements, standards and PRINCIPLES from a variety of sources and provides PRACTICES that help an organization address these requirements.
The OCEG Framework
One size does not fit all organizations. The OCEG Framework is intended to be customized and tailored to suit the unique situation of each organization. Each organization must scrutinize both Foundation and Domain guidelines to understand if they apply to the organization, and determine exactly how the organization will implement business practices.
Domains provide topical or industry-specific information that integrates with and assumes the OCEG Foundation is in place. Domains may address or span across specific:
> Legal Risk Areas
> Industry Sectors
> Business Functions
> Geography / Jurisdictions
> Organization Sizes (small, mid-sized, large)
> Organizational Structures (public, private, nonprofit)
The Foundation describes common elements of a high-performing program that integrates the principles
of good corporate governance, risk management, compliance and ethics/culture
Using the OCEG Framework yields a number of benefits
While organizations may independently develop effective compliance systems, or use other approaches, incorporating the OCEG Framework and leveraging the OCEG community of practice provides an organization with unique benefits:
HIGH PERFORMANCE AT REDUCED COST
• Reduce the cost required to get a new program up to speed using
step-by-step guidance and core OCEG practices
• Reduce the cost required to identify gaps in existing programs, even very mature programs, using core and advanced OCEG practices
• Share the high cost of benchmarking and evaluating programs with other organizations that are part of the OCEG community of practice
TECHNOLOGY & TOOLS
• Use the OCEG Guideline Database and Resource Library to
find legal requirements, guidance, sample policies and more information that professionals need every day.
• Contribute to an online collection of resources and participate
in online discussions shared by OCEG members
CROSS-INDUSTRY / CROSS-FUNCTIONAL /
CROSS-DISCIPLINE
• Leverage the knowledge of many in-house and external experts from a wide range of backgrounds, disciplines, and industries
• Leverage, and contribute to, the knowledge of working groups that focus on more narrowly defined and subject specific compliance and ethics issues
OBJECTIVE EVALUATION CRITERIA & BENCHMARK
• Use arms-length criteria developed by a cross-industry / cross-functional team of experts through an open, nonprofit and collaborative process
• Use defined vocabulary and structure to compare “apples with apples”
• Employ a robust evaluation process that incorporates professional standards from the accounting and internal audit professions