Organizational Monitorships

Increasingly, governmental entities or other organizations require independent assurance of a supplier's compliance with the law as a condition to doing business with such supplier. Stier Anderson, LLC has extensive experience in this area, having served as a corporate inspector general in several prominent matters. Additionally, the firm provides compliance monitoring services for corporate directors and executives.

Corporate Inspector General Services

The New York City School Construction Authority is one such agency. Stier Anderson, LLC was the first approved firm to be retained by a major construction company under Corporate Inspector General program. Additionally, following the September 11, 2001 terrorist attack on the World Trade Center, Stier Anderson, LLC was retained by New York City to act as an independent Inspector General to monitor the clean-up activities at the site.

The role of the Corporate Inspector General is to assess the corporation's compliance with relevant laws and regulations and to deter detect and report on unethical or illegal conduct on the part of corporate officers and employees, as well as contractors, subcontractors and other agents of the company. In its role as a Corporate Inspector General, Stier Anderson, LLC will investigate any evidence of wrongdoing and report the findings to the corporate client and, by prior agreement, to appropriate government agencies. Stier Anderson, LLC will also work with corporate management to review internal procedures from a corruption prevention point of view; recommend improvements that will act as barriers to corruption or fraud; assist the corporation to internalize the corruption prevention program as part of its corporate culture; and audit the internal controls system to assure that corruption prevention procedures are being followed.

In addition to eliminating the financial cost of fraud and corruption from government funded programs, the Corporate Inspector General, through its quasi-public role, assists the corporate client in maintaining its credibility with government agencies and the public.

Monitoring compliance for boards and top management.

Given the firm's experience as a Corporate Inspector General and its expertise in developing corporate compliance programs and in conducting internal investigations, Stier Anderson, LLC is well positioned to provide independent assurance to board and top management regarding an the efficacy of a company's ongoing compliance efforts.

For example, the firm's review can help assure a board or management that a company's compliance program is not what the Department of Justice disparagingly refers to as a "paper program" but, rather, is functioning as intended. The firm's compliance monitoring efforts may also be useful in helping directors meet their fiduciary obligations under the Caremark decision.