Complying with external regulations and our own strong internal policies and procedures is not only the right thing to do — it is vital to the ongoing success of our company. To ensure we maintain effectiveness and continually enhance this area, compliance monitoring and assessments are built into all levels of the business.
Senior leaders of every Boeing business and function are responsible for identifying, analyzing, raising and addressing key compliance issues. They do this through the Compliance Risk Management Board (CRMB), which is chaired by the senior vice president of the Office of Internal Governance and Administration, as well as involvement from other senior executive leaders. The CRMB's oversight enables the company to identify risk areas and ensure consistent actions across the company in order to remain compliant. It also facilitates cross-enterprise discussion to support proactive management of emergent risks.
As outlined in Boeing's Audit Committee Charter, the senior vice president of the Office of Internal Governance and Administration reports at least annually to the Audit Committee on Boeing's compliance with its risk management processes, as well as regular reporting on the company's Ethics and Business Conduct programs. More details on reporting and oversight functions of the CRMB can be found in the Audit Committee Charter, published on the Boeing Corporate Governance page.
Managers are responsible for compliance within the areas they oversee, and along with all employees, receive annual training on compliance risk areas tailored to their specific work. This includes training for a range of topics such as U.S. Defense Department procurement rules, proper handling of sensitive information and anti-corruption. Each year, managers complete an online compliance training questionnaire for their respective employees. Based on manager responses, the system generates individualized training plans that support the kind of work the employee performs.
Boeing uses ongoing monitoring to track and assess effectiveness of internal controls and processes in meeting compliance goals. Each year, all compliance training is reviewed for relevance and effectiveness, based on subject matter experts’ feedback and effectiveness surveys from training completions. It is also refreshed as needed to ensure content is current and meaningful. From the company’s most senior leadership to its newest workers, Boeing employees are committed to ensuring that compliance is core to everything we do.