Mannatech Offers Insight on Legal and Compliance Environment at Direct Selling Legal and Compliance Summit
January 11 2017 - 2:16PM
Business Wire
Mannatech®, Incorporated (NASDAQ: MTEX), a global health and
wellness company committed to transforming lives to make a better
world, had its CEO and President, Alfredo “Al” Bala, and General
Counsel, Erin Barta, share their expertise in building a robust
legal and compliance program that serves as a model for the direct
sales industry during a keynote presentation at this week’s Direct
Selling Legal and Compliance Summit in Dallas, Texas.
The Direct Selling Legal and Compliance Summit is a gathering of
industry executives and leaders who are seeking the best practices
to reduce their risk, grow and protect their companies and navigate
an ever changing regulatory landscape facing the direct sales
industry. Along with delivering a keynote presentation Bala served
as master of ceremonies for the two-day event.
Bala and Barta’s keynote presentation was titled “Compliance is
Key: Unlock your Company’s Greatness with Strong Business Ethics.”
The presentation included Bala and Barta sharing how Mannatech,
which faced legal and regulatory challenges more than a decade ago,
turned around and become a shining example for ethical
business practices for the direct sales industry. The
Mannatech leaders keynote is intended to help other companies find
a way to implement and achieve growth by building a culture of
compliance and business ethics.
“We realized that for Mannatech to grow and reach its potential
we required a culture of compliance that permeated our corporate
and field operations,” said Bala. “We believe our compliance
efforts put us at a competitive advantage and is key to our
company’s growth. That is why we put maximum effort into building a
program that sets the standard for the industry, ensures that our
company could flourish and enables our independent sales Associates
to build long-term business that are safe, secure and are supported
by our Business Ethics and Compliance teams.”
Significant to Mannatech’s legal and compliance efforts is Barta
who introduced a variety of programs that support Mannatech’s daily
efforts to meet all regulatory and legal mandates. Her team, the
Legal and Business Ethics Department, is composed of legal and
compliance staff who are committed to supporting Associates in
their quest to build their businesses in a safe, compliant
environment where they can achieve long-term success. Some of the
tools Mannatech leverages to help support its compliance efforts
include:
- Providing corporate-approved marketing
materials for sales Associates
- Recurring training for Associates and
corporate staff on compliant marketing and advertising
- Monitoring marketing messages
surrounding the company and products
- Requiring Associates to report their
websites to the Legal and Business Ethics Department
- Conducting random checks of other
online communications platforms, such as Facebook, Twitter and
blogs
- Employing best-in-class, third-party
web crawlers to pick up references linking Mannatech and its
products to disease claims, as well as potential trademark
infringement and other adverse materials
Mannatech’s Legal and Business Ethics Department represents
Associates in all of the 26 markets in which Mannatech operates. It
also works closely with industry trade groups to help develop
compliance best practices and understand how to create a culture of
compliance as new regulatory developments occur.
To begin changing your life or the lives of those around you,
please visit Mannatech.com.
About Mannatech
Mannatech, Incorporated, offers a profound wellness experience
through a financially rewarding opportunity that makes a difference
in the lives of people across the world. Through its innovative
glyconutrition products, Mannatech changes lives, providing an
unprecedented level of natural wellness, freedom and purpose. With
more than 20 years of experience and operations in more than 26
markets*, Mannatech is committed to changing lives. For more
information, visit Mannatech.com.
Please note: This release contains “forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as
amended, Section 21E of the Securities Exchange Act of 1934, as
amended, and the Private Securities Litigation Reform Act of 1995.
These forward-looking statements generally can be identified by use
of phrases or terminology such as “intend” or other similar words
or the negative of such terminology. Similarly, descriptions of
Mannatech’s objectives, strategies, plans, goals or targets
contained herein are also considered forward-looking statements.
Mannatech believes this release should be read in conjunction with
all of its filings with the United States Securities and Exchange
Commission and cautions its readers that these forward-looking
statements are subject to certain events, risks, uncertainties and
other factors. Some of these factors include, among others,
Mannatech’s inability to attract and retain associates and members,
increases in competition, litigation, regulatory changes and its
planned growth into new international markets. Although Mannatech
believes that the expectations, statements and assumptions
reflected in these forward-looking statements are reasonable, it
cautions readers to always consider all of the risk factors and any
other cautionary statements carefully in evaluating each
forward-looking statement in this release, as well as those set
forth in its latest Annual Report on Form 10-K and Quarterly Report
on Form 10-Q, and other filings filed with the United States
Securities and Exchange Commission, including its current reports
on Form 8-K. All of the forward-looking statements contained herein
speak only as of the date of this release.
*Mannatech operates in China under a cross-border e-commerce
platform that is separate from its multi-level marketing model.
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version on businesswire.com: http://www.businesswire.com/news/home/20170111006030/en/
Mannatech, IncorporatedRaquel Mooring,
972-471-1532pr@mannatech.com
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