LPEC STUDY GUIDE ELITE REVIEW WITH
COMPREHENSIVE SOLVED QUESTIONS AND
DETAILED ANSWERS
◉FOUR COMPONENTS OF RISK . Ans: IDENTIFICATION,
OWNERSHIP, MANAGING, MITIGATION
◉INTEGRITY . Ans: ALIGNMENT WITH WHAT WE THINK, FEEL,
SAY, AND DO
◉ACCOUNTABILITY IN E&C RELATES TO . Ans: HOW WE
MANAGE INVESTIGATION, BUILD EFFECTIVE PARTNERSHIPS
WITH STAFF AND OTHER AGENCIES
◉ACCOUNTABILITY IS (4) . Ans: Holding ourselves and others
accountable for success and shortcomings of our operational activities;
• Adhering to a process of continuous program improvement;
• Using feedback and experience to implement program changes;
• Creating a climate of psychological safety and culture of integrity.
,◉HQP stages . Ans: UNDERDEVELOPED, DEFINING, ADAPTING,
MANAGING, OPTIMIZING
◉UNDERDEVELOPED STAGE . Ans: - A new E&C program or an
existing one that has not progressed far in embedding HQP elements.
program has adopted few of the leading practices found in high- quality
programs or perhaps even met the minimum standards of the US Federal
Sentencing Guidelines
◉DEFINING STAGE . Ans: program that has a few HQP elements, but
still lacks many important attributes.program is established but is not
widely embraced by the organization and operates tactically and not
strategically
◉ADAPTING STAGE . Ans: A program that contains a number of HQP
elements reflecting some important attributes, but with room to further
mature. program is beginning to include more leading practices of High
Quality Programs, but lacks consistency
◉MANAGING STAGE . Ans: An E&C program that can be considered
effective or good, but not a "High Quality Program. the program is
mapping more consistently to business and operational needs and
discussions. Leaders in the organization are generally demonstrating
ethics-related actions; employees are comfortable raising issues without
fear of retaliation, and the organization demonstrates accountability in a
robust investigatory process that is fair, neutral and consistent.
, ◉OPTIMIZING STAGE . Ans: An E&C program that contains the
majority of, if not all, HQP elements.the vast majority of HQP leading
practices are demonstrated and embedded throughout the organization
across all principles. The organization shares its knowledge externally
and is generally viewed as having a High Quality E&C program within
and outside of its industry.
◉HQP REGRESS IN MATURITY DUE TO (4): . Ans: Change of
leadership and focus
• Reduction in staff and resources
• Failure to adopt a mindset and program of continuous improvement
• Complacency
◉CECO STANDS FOR . Ans: CHIEF ETHICS AND COMPLIANCE
OFFICER
◉CECO ADDS VALUE BY: . Ans: -ARTICULATING THE ORG
VISION FOR E&C AND DEVELOPS STRATEGY
-ASSISTS LEADERSHIP
-MONITORS AND EVALUATES E&C PROGRAMS
-DEMONSTRATES ORG COMMITMENT TO INTEGRITY
-MITIGATES SANCTIONS BY E&C INCIDENTS
COMPREHENSIVE SOLVED QUESTIONS AND
DETAILED ANSWERS
◉FOUR COMPONENTS OF RISK . Ans: IDENTIFICATION,
OWNERSHIP, MANAGING, MITIGATION
◉INTEGRITY . Ans: ALIGNMENT WITH WHAT WE THINK, FEEL,
SAY, AND DO
◉ACCOUNTABILITY IN E&C RELATES TO . Ans: HOW WE
MANAGE INVESTIGATION, BUILD EFFECTIVE PARTNERSHIPS
WITH STAFF AND OTHER AGENCIES
◉ACCOUNTABILITY IS (4) . Ans: Holding ourselves and others
accountable for success and shortcomings of our operational activities;
• Adhering to a process of continuous program improvement;
• Using feedback and experience to implement program changes;
• Creating a climate of psychological safety and culture of integrity.
,◉HQP stages . Ans: UNDERDEVELOPED, DEFINING, ADAPTING,
MANAGING, OPTIMIZING
◉UNDERDEVELOPED STAGE . Ans: - A new E&C program or an
existing one that has not progressed far in embedding HQP elements.
program has adopted few of the leading practices found in high- quality
programs or perhaps even met the minimum standards of the US Federal
Sentencing Guidelines
◉DEFINING STAGE . Ans: program that has a few HQP elements, but
still lacks many important attributes.program is established but is not
widely embraced by the organization and operates tactically and not
strategically
◉ADAPTING STAGE . Ans: A program that contains a number of HQP
elements reflecting some important attributes, but with room to further
mature. program is beginning to include more leading practices of High
Quality Programs, but lacks consistency
◉MANAGING STAGE . Ans: An E&C program that can be considered
effective or good, but not a "High Quality Program. the program is
mapping more consistently to business and operational needs and
discussions. Leaders in the organization are generally demonstrating
ethics-related actions; employees are comfortable raising issues without
fear of retaliation, and the organization demonstrates accountability in a
robust investigatory process that is fair, neutral and consistent.
, ◉OPTIMIZING STAGE . Ans: An E&C program that contains the
majority of, if not all, HQP elements.the vast majority of HQP leading
practices are demonstrated and embedded throughout the organization
across all principles. The organization shares its knowledge externally
and is generally viewed as having a High Quality E&C program within
and outside of its industry.
◉HQP REGRESS IN MATURITY DUE TO (4): . Ans: Change of
leadership and focus
• Reduction in staff and resources
• Failure to adopt a mindset and program of continuous improvement
• Complacency
◉CECO STANDS FOR . Ans: CHIEF ETHICS AND COMPLIANCE
OFFICER
◉CECO ADDS VALUE BY: . Ans: -ARTICULATING THE ORG
VISION FOR E&C AND DEVELOPS STRATEGY
-ASSISTS LEADERSHIP
-MONITORS AND EVALUATES E&C PROGRAMS
-DEMONSTRATES ORG COMMITMENT TO INTEGRITY
-MITIGATES SANCTIONS BY E&C INCIDENTS
