The Network, Inc. and CSO Executive Council Announce
First-Ever Hotline/Helpline Benchmarking Report
Norcross, GA – November 15, 2006
The Network, Inc., the
leading provider of ethics and compliance hotline programs for nearly
25 years, and the CSO Executive Council, an international professional
membership organization for leading senior security executives, today
announced the completion of the 2006 Corporate Governance and Compliance
Hotline Benchmarking Report. This is the first ever large-scale
hotline study of its kind.
“Understanding your organization’s ethics program is a
crucial part of any business, and the hotline plays a key role in assessing
the health of that organization,” said Tony Malone, Chief Executive
Officer of The Network, Inc. “This report provides a tool for relevant
comparisons to similar organizations.”
The 2006 Corporate Governance and Compliance Hotline Benchmarking
Report presents a wide variety of findings, such as:
- 65% of reports received are considered serious enough to warrant
an investigation
- 46% of reports resulted in an investigation with some corrective
action taken
- 10% of reports received relate to corruption and fraud issues
- 54% of individuals reporting through the hotline preferred to remain
anonymous
- Only 29% of reports state that they had previously notified management
of the issue
“Every report represents a potential security issue,” said
Bob Hayes, Managing Director, CSO Executive Council. “We are excited
to be part of this landmark report that highlights the importance of
confidential reporting services and provides innovative data that can
be utilized by any organization looking to increase the effectiveness
of their ethics and security programs.”
The 2006 Corporate Governance and Compliance Hotline Benchmarking
Report includes aggregate data from nearly 200,000 reports received
over a four-year period from more than 500 client organizations of
The Network. The report analyzes the impact of a variety of factors,
including anonymity, means of awareness, incident category, and investigation
outcome. Data analysis was conducted by CSO Executive Council, while
the Association of Certified Fraud Examiners (ACFE), the leading provider
of anti-fraud training and education worldwide provided guidance in
the evaluation of the data and creation of the report. All parties
took meticulous precautions to maintain confidentiality, protect privacy
and comply with all applicable laws and regulations.
For more information regarding this benchmarking report, please contact
The Network via email at benchmarking@reportline.net.
About The Network, Inc.
The Network has helped clients collect information and address critical
issues such as ethics, risk management and service quality for nearly
25 years. The company provides global services such as hotlines, insurance
claim reporting and employee communications to thousands of organizations
spanning every industry, including nearly 50% of the Fortune 500. www.tnwinc.com
About the CSO Executive Council
The CSO Executive Council is an international membership organization
for leading senior security executives spanning all industries, both
the public and private sectors, and the globe. The Council utilizes professional
staff and a distinguished faculty of former CSOs and content experts
to develop, based on member requirements, strategic security leadership
services and products for the entire membership. Members are involved
in projects only to the extent they desire to be. Our vision is to deliver
innovative solutions to our members that are unavailable from any other
source. www.csoexecutivecouncil.com
About the ACFE
The ACFE is the world's premier provider of anti-fraud training and
education. Together with more than 37,000 members, the ACFE is reducing
business fraud world-wide and inspiring public confidence in the integrity
and objectivity within the profession. Certified Fraud Examiners (CFEs)
on six continents have investigated more than 2 million suspected cases
of civil and criminal fraud. www.acfe.com
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