Ethena Launches Best-in-Class Anti-Bribery & Corruption Training
NEW YORK, NY (September 2021) — Compliance and organizational culture training startup Ethena announced today that it has launched a best-in-class Anti-Bribery & Corruption training.
Anti-Bribery & Corruption training is more important than ever, with global enforcement increasing year over year. Under the Biden Administration, countering corruption has been established as a core U.S. national security interest, which will lead to increased enforcement efforts and greater resources to combat corruption at home and abroad.
The DOJ, SEC and UK law enforcement, among other global regulators and law enforcement agencies, consider the effectiveness of a company’s compliance program when determining whether to bring an enforcement action and in determining the appropriate sanction. These agencies repeatedly advise that training is a critical component of a compliance program. “Compliance programs that employ a ‘check-the-box’ approach may be inefficient and, more importantly, ineffective.” Ethena’s Anti-Bribery & Corruption training goes above and beyond the 'check the box' approach.
Ethena’s learner-friendly, research-based approach helps organizations address bribery and corruption laws and keeps concepts top of mind through “small bites'' learning nudges. In developing their Anti-Bribery & Corruption curriculum, Ethena worked with global law firm Baker McKenzie to create a comprehensive off-the-shelf course. Once the most important US and international laws are reviewed upfront, learners begin a quarterly continuous learning program that not only reinforces best practices but also showcases industry-specific, real world case studies and events. The content is not only timely and relevant to the learner’s workplace, but also engaging. Anti-Bribery & Corruption training is notoriously stuffy and bland, but Ethena’s training is actually engaging (and thus sticks better). Far from a “check-the-box” approach.
“We’re thrilled to be working with Baker McKenzie on our Anti-Bribery & Corruption training.” said Roxanne Petraeus, Ethena Co-founder and CEO. “With the firm's help, we feel confident that our engaging, timely, and relevant training will enable Ethena’s clients to stay on the right side of the law.”
Initially offering harassment prevention training, Ethena has expanded quickly and recently raised $15.5M Series A led by Felicis Ventures to support product and company growth.
Ethena provides innovative, effective training for companies. Instead of just checking a box, Ethena training focuses on culture change and is tailored for modern teams. Ethena was founded by Roxanne Petraeus and Anne Solmssen, who used their experience in the U.S. army, consulting, and startups to reinvent the stuffy world of corporate training. Ethena is backed by Felicis, GSV, Homebrew, and Neo, and based in Brooklyn, NY. Learn more at www.goethena.com or on Twitter @goethena.
About Baker McKenzie
Baker McKenzie advises many of the world’s most dynamic and successful businesses from 77 offices in 47 countries. The firm is known for its global perspective, deep understanding of the local language and business culture, uncompromising commitment to excellence, and world-class client service. The firm's fluency in working across borders, issues and practices allows us to simplify legal complexity, foresee risks, and identify commercial opportunities. For more information, visit www.bakermckenzie.com.