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Vault Platform Blog

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  • Blog

    ESG as an opportunity for Ethics & Compliance 

    25/03/2021 - by James Middleton

    An ECI Working Group on ESG, which Vault Platform has participated in, released its own whitepaper this week, A Guide to ESG: What Ethics & Compliance Professionals Need to Know About the Rise in ESG Investing and How It May Impact Their Work.

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    James Middleton
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    Solving for gender disparity in the hybrid workforce 

    19/03/2021 - by James Middleton

    The term ‘hybrid workforce’ has appeared in reference to the likely reality that some portion of the workforce will still be virtual at any given time and there are valid concerns that if there is any choice in the matter businesses could see a gender disparity as men are more likely to return to the physical office than women. 

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    James Middleton
  • Blog

    As economic pressures rise, so does misconduct 

    12/03/2021 - by Vault Platform

    In 2020, 29% of employees felt pressure to compromise on business ethics to maintain or improve performance. This is up from 20% in 2019 and 22% in 2015 and is believed to be largely due to the economic impact of Covid. 

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    Vault Platform
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    Choosing to challenge inequality in STEM

    05/03/2021 - by James Middleton

    For International Women’s Day 2021, we spoke to Dee Olomajeye, Head of People at Senti Bio, a San Francisco-based technology-driven therapeutics company focused on the next generation of medicine. Senti Bio recently launched Vault Platform to ensure its employees have a safe space to speak up about all forms of workplace misconduct such as discrimination and any kind of unethical behavior.

    Read more
    James Middleton
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    The urgency around ethics and compliance effectiveness

    26/02/2021 - by James Middleton

    Organizations with a presence in the US are being urged to get their compliance house in order in anticipation of a crackdown on corporate ethics and compliance violations by the Biden Administration. 

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    James Middleton
  • Blog

    Whistleblowers are a golden opportunity

    19/02/2021 - by Vault Platform

    “Whistleblowers are likely to be loyal employees, passionate about high standards, who go outside their organisation as a last resort when nobody takes them seriously. They aren’t defiant troublemakers; they’re disappointed believers.”

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    Vault Platform
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    ECI report identifies key ethics challenges in remote work environments

    12/02/2021 - by James Middleton

    The Working Group survey responses also indicate that two areas highly impacted by a shift to remote working are lowered employee engagement due to competing work-life priorities (16%) and decreased transparency of remote activities (11%), both of which can impact an organization’s speak up culture.

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    James Middleton
  • Blog

    High flying public companies at greater risk of fraud 

    05/02/2021 - by James Middleton

    Researchers found that companies with Fortune 500 status were represented nearly four times as often among the firms that had committed fraud. Furthermore, firms that traded on NYSE were over-represented by nearly two to one in terms of fraudulent activity, versus those that trade on other exchanges like the NASDAQ or OTC.

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    James Middleton
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    Business ethics is the biggest risk business face today

    29/01/2021 - by James Middleton

    Over the course of the last 12 months, business ethics has shifted from being a sizable but somewhat intangible risk…

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    James Middleton
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    Misconduct reports to external bodies hit record high

    15/01/2021 - by James Middleton

    The US Equal Employment Opportunity Commission (EEOC) had a bumper year in terms of payouts. The EEOC secured a record amount of recovery, more than $535m, for victims of discrimination in the workplace.

    Read more
    James Middleton
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Features Vault Hotline Bot/ AI Third Party Other Tech Solution
Employee accessibility Mobile app & web reporting Phone; handled by a call center Resolution requires human intervention and handover Third party adds friction. Employer less accountable Focus on connecting employees with lawyers, increasing risk of lawsuits
Two-way communication Yes, even if anonymous No No Possible; handover needed Possible
Multi-language support Yes May need multiple providers Possible May need multiple providers May need multiple providers
Anonymous reporting Yes, with two-way chat Yes, but no followup Yes, but no followup Yes, but no followup Yes
Data confidentiality & security Unique instance for every client; ISO27001 compliant Third party handles data Third party handles data Third party handles data Many connect employees with lawyers. Third party handles data
Scalability & enterprise capability Designed for enterprise Legacy solution. Shared resource Human required for resolution Shared resource with other clients Shared resource
Case management Resolution Hub; Data & Analytics In some cases In some cases In some cases In some cases
Report routing Automated routing; multi-team collaboration Manual/third party process Manual process Manual/third party process Manual/third party process
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