Compliance at VSU
About Us
Virginia State University’s compliance program is built on the following seven key elements:
- Written standards of conduct, policies and procedures;
- Designation of Compliance Officer;
- Open lines of communication and effective, ongoing education; Internal monitoring and auditing;
- Reporting and investigating;
- Enforcement and discipline of compliance violations;
- Response and prevention
These elements work together to ensure that the University’s operations align with legal and regulatory requirements as well as facilitate a culture committed to ethical conduct. The benefits of this structure include but are not limited to:
- Meaningful demonstration of the University’s commitment to ethics and compliance;
- Proactive protection of the University from financial and reputational harm through risk mitigation measures;
- Increased likelihood of early detection of potentially actionable conduct which allows the opportunity to correct the conduct and/or self-report as required; centralization of information, resources and guidance for fulfillment of compliance obligations;
- Enhanced communication between and within university departments and business units;
- Improved operational efficiency;
- Culture of compliance that also encourages stakeholders to report potential misconduct without concern for retaliation;
- Education opportunities for the university community about compliance-related topics (e.g., updates to relevant state and federal laws or regulations, workshops/trainings, etc.)
- Promotion of personal and professional accountability in conduct to support the university’s commitment to institutional integrity.