The Challenge
A Multinational corporation was concerned that their prior compliance vendor did not file accurate lobbying disclosure statements in several states. Given the jurisdictions’ complex laws and rigorous auditing processes, the client was concerned about penalties from regulating agencies and reputational harm.
solution
- MuliState’s compliance team implemented a new process for the corporation to gather lobbying activity through the MultiState compliance system. The new process ensures that each lobbyist provides input into the corporations lobbying disclosure statements in jurisdictions nationwide.
- MultiState’s compliance team conducted an audit of the disclosure statements submitted by the prior vendor on behalf of the corporation to the lobbying commissions in select states. The audit showed the prior vendor filed inaccurate reports and neglected to gather required information from the corporation’s employees.
- Working with MultiState’s compliance experts, pertinent data were gathered, and the lobbying disclosures were amended with the correct information and filed by MultiState on behalf of the corporation.
results
- MultiState’s enhanced service saved the corporation from penalties from each commission.
- MultiState’s compliance system ensures that the individuals making lobbying contacts have input into the corporation’s disclosure statements by asking targeted questions via online forms for the jurisdictions in which they are lobbying.
- MultiState’s system offers the corporation more visibility into the information gathered and disclosed, enhancing transparency and reducing risk.