COPPELL, Texas--(BUSINESS WIRE)--Jan. 11, 2017--
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170111006030/en/
Source: Mannatech, Incorporated
Mannatech, Incorporated
Raquel Mooring, 972-471-1532
pr@mannatech.com