Compliance with Style
Under the United States Sentencing Guidelines, if companies have compliance problems, judges can offer credit to companies who have this. In other words, you win.
What is “an effective compliance program”?
This policy makes sure that everyone knows how to use technology properly at Markel.
What is the “Acceptable Use Policy”?
There are lots of new state laws on this weedy substance, but none at the federal level (yet).
What is “Marijuana” or “Cannabis”?
A violation of antitrust law occurs if competitors agree to fix these.
What are “prices”?
If Markel is sued or subject to a regulatory investigation, this requires you to save and not delete relevant emails or other documents.
What is “litigation hold” or “legal hold”?
“Tone at the top” means that this group of people set the proper compliance culture for the organization.
What is “executive or senior management or leadership”?
In addition to a password, this type of more secure login requires an additional code.
What is “Multifactor Authentication”?
Instead of prohibiting bribery and corruption, this form of FCPA in California and its related regulations require you to treat claimants right.
What is “the California Fair Claims Practices Act”?
Antitrust law is about fostering competition and battling this – also a common game.
What is “Monopoly”?
If you follow this type of policy, it will make your life easier if you get a request to see documents.
What is “records management policy”?
The initial step in a compliance process, where you examine potential compliance risks and the controls in place to limit those risks.
What is “risk assessment”?
This virus that shuts down your computer typically asks for payment in Bitcoin.
What is “ransomware”?
Facebook and Google face record fines for lack of transparency, inadequate information and failure to obtain property consent under this Act.
What is the “General Data Protection Regulation” or “GDPR”?
This agency enforces the federal antitrust laws.
What is the “Department of Justice”?
This term refers to additional information relating to a document outside of the content on its face.
What is “metadata”?
This aspect of an effective compliance program ensures that everyone understands what to do.
What is “communication” or “training” or “awareness”?
This type of software can be borrowed from the internet, but there are rules for use that apply.
What is “open source software”?
It is important to pay attention to changes in trade sanctions. President Obama allowed limited business in this country, but President Trump reinstated the sanctions.
What is “Iran”?
This situation should be handled carefully for antitrust purposes. It involves a meeting where competitors are present and there is an opportunity for discussion.
What is a “trade show”?
In 2006, new rules were adopted to address this type of information that could be subject to a legal hold.
What is “electronic information” or “eDiscovery”?
This phrase sums up Markel’s approach to compliance. Hint: Spike Lee movie from the 1980s.
What is “Do the right thing?”
This term refers to a cache of sensitive data kept in one location. Also something Winnie the Pooh would like.
What is a “honey pot”?
This progressive state has recently adopted the most comprehensive legislation on privacy in the US – effective January 1, 2020.
What is “California”?
This type of filing has to be made for transactions of a large size for antitrust approval.
What is a “Hart Scott Rodino filing”?
This is a risk of destroying documents subject to a legal hold.
What is “sanctions” or “contempt” or “jail time”?