The seven standard elements of an effective compliance program include: (1) Implementing written policies & procedures and a Code of Conduct; (2) Designating a compliance officer and compliance committee; (3) Conducting effective training and education; (4) Developing effective lines of communication (e.g., Hotline); (5) Conducting internal monitoring and auditing; (6) Enforcing standards through well-publicized disciplinary guidelines; and (7) Responding promptly to detected problems and undertaking corrective action.