ZeroPoint Risk Research LLC, the Boston-based risk management research and consulting firm, announces the Fair Trade Receipt(C) report
Boston, MA–December 8, 2010–Organized crime in the United States, Latin America, Asia, and Europe is fueling the growth of product piracy and counterfeiting. It threatens brand integrity, encourages the theft of intellectual property, and endorses the crime of human trafficking, factors that contribute to corporate regulatory, legal, financial, and reputation risk. Managing the risks associated with the global supply and labor chain are critical elements in managing risk.
Commonwealth-HPO LLC, the Framingham, MA-based business consulting and educational support services firm, is the creator of the Fair Trade Receipt, a plug-and-play software module that targets abuses associated with corporate fraud, product tampering, and product counterfeiting. It is designed to discourage trade secret theft, foreign corrupt practices and human trafficking, while simultaneously protecting the natural environment.
“Fair Trade Receipt was developed for use as a tool to enhance corporate governance, accountability, and ethics, and making the theft of intellectual property and trade secrets less lucrative,” said MacDonnell Ulsch, chief executive officer of ZeroPoint Risk Research. “It encourages companies to form trusted communities based on commitments to conduct business with suppliers that observe fundamental practices associated with human rights, fair wages, and product integrity.”
“Operationally, Fair Trade Receipt is a set of predetermined criteria responsive to pertinent questions for business-to-business and business to consumer transactions” said Gerald S. Fain, chief executive officer of Commonwealth-HPO.
The software module is generated, stored, and executed on servers where the centralized business website has a specific branding template. It is deployable on commonly available hardware platforms. The purpose is to ensure that virtually all aspects of business operations meet requirements that are in accordance with specific standards.
ZeroPoint Risk Research LLC specializes in the measurement and testing of information integrity, and calculating regulatory, legal, financial, and reputation risk. www.ZeroPointRisk.com
Media Contact:
Susan Shea
Director of Media Relations
617-517-0063
susan.shea@ZeroPointRisk.com
www.ZeroPointRisk.com
Press release courtesy of Online PR Media: http://bit.ly/dQjkty
