Follow us on LinkedIn and @RFirst_Corp onTwitter #RFWorkshop - - PowerPoint PPT Presentation

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Follow us on LinkedIn and @RFirst_Corp onTwitter #RFWorkshop - - PowerPoint PPT Presentation

Mar 04, 2024 30 likes •171 views

Follow us on LinkedIn and @RFirst_Corp onTwitter #RFWorkshop Forward Together ReliabilityFirst Understanding the Enforcement Process Patrick OConnor Counsel, RF Maxwell Reisinger Associate Counsel, RF Objectives Gain a better

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Follow us on LinkedIn and @RFirst_Corp onTwitter #RFWorkshop

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Understanding the Enforcement Process

Patrick O’Connor – Counsel, RF Maxwell Reisinger – Associate Counsel, RF

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Objectives

  • Gain a better understanding of the life cycle of a violation
  • Provide clarification on each step in ReliabilityFirst’s Enforcement

Process

  • Explain and define commonly used terms in the Process
  • Give tips for effective Self-Reports, Mitigation Plans, and Evidence

Verification submissions

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Enforcement Philosophy

  • Message
  • Focus on reliability through a commitment to continuous improvement, strong management

practices, and effective compliance programs

  • Actions
  • Incent desired behavior

‒ Penalty offsets ‒ Favorable processing treatment (e.g., Compliance Exception)

  • Discourage undesired conduct

‒ Monetary penalties ‒ Sanctions ‒ Enhanced compliance monitoring

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Lifecycle of a Violation

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PV Identification & Screen

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Risk Assessment & Mitigation Review

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Disposition

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Ineffective Self-Report Example

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Effective Self-Report Example

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Ineffective Mitigation Plans

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Tips for Effective Mitigation Plan Milestones

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Tips for Evidence Submissions

  • Quality of Information
  • Start with a narrative description
  • Organization is key
  • Clarity
  • Focus on two-fold task of mitigation
  • Overall Strategy
  • Opportunity to improve overall reliability, security, and resilience

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Questions & Answers

Forward Together ReliabilityFirst

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