Partnership to Launch Largest Whistleblower Hotline Solution in Region with Highest Levels of Corporate Fraud
Singapore and Charlotte, N.C. – January 25, 2010 – Global Compliance, the leading global provider of integrated ethics and compliance solutions and Q2 Consulting, a Singapore-based company that specializes in compliance and background screening, announced a partnership today that will bring comprehensive compliance management solutions, including critical whistleblowing hotline services, to organizations with operations based in the Asia and Pacific region (APAC).
APAC registers the highest levels of global corporate fraud according to a recently released 2009/2010 KROLL Global Fraud Report: on average, 84 percent of companies have suffered from fraud in the past three years – with as high as 96 percent reporting fraud in China. Compliance oversight is also increasing for APAC based firms, including suppliers of American companies, with aggressive enforcement of the Foreign Corrupt Practices Act (FCPA). The Global Compliance/Q2 partnership will provide APAC-based organizations access to the best practices and product solutions proven to significantly improve compliance, reduce misconduct and increase awareness of potential violations for management and the Board – before they become headlines and create
reputational and financial damage.
Under terms of the agreement, Global Compliance will initially provide AlertLine®, the industry’s first and largest employee whistleblower hotline and case management software solution currently supporting over 25 million customer employees in more than 200 countries. APAC-based clients will have access to Global Compliance’s 24x7 multi-lingual online reporting and call center operations with a 150+ language capability. The agreement also includes partnering on Global Compliance’s full suite of integrated compliance solutions, including expert
advisory services, training and awareness programs and performance benchmarking.
“Q2 has the local knowledge, the local sales and marketing talent – and most importantly, the respect and trust of the local chief compliance and chief risk officers,” said Jim Burke, CEO at Global Compliance. “Together we will provide our customers with increased control over, and confidence in their global operations.” Burke concluded, “This announcement is the first step in creating a true market presence for Global Compliance in a critically important geographic region.”
“APAC is our home market – and we are experts in helping companies here remain compliant with US requirements,” said Mr. Scott Graham, Director of Q2. “The combination of Global Compliance’s best practices product solutions and operations with Q2’s local presence and expertise will provide multinational clients
the confidence levels they need when managing operations and suppliers in APAC.”