CARCO's Executive Screening Program

Who are you really hiring as an executive of your company?

Not so long ago, the Chairman of a major handgun manufacturer failed to disclose to his employer that he had spent 15 years in prison for armed robberies, including a bank heist. In another shocking case, the CFO of a large software company fabricated his academic credentials, including a Stanford MBA that he never received.

It is unbelievable that these types of misrepresentations, some would say fraud, are increasingly prevalent at all organizational levels, including in the C-Suite. Perhaps even more unbelievable is the fact that simple background screening could have prevented any one of these instances.

The consequences of hiring an executive who has not been truthful can be severe for your company. More than ever, a growing number of Fortune 500 companies have found themselves publicly embarrassed when learning they had hired underqualified candidates—and in some cases convicted criminals—to lead their ranks. When an executive, who may have served as the face of your company, is exposed for having committed corporate fraud, embezzlement, conspiracy, or falsification of credentials, or to have had a prior criminal conviction, not only does the reputation of your company suffer, but you may be headed down a path involving major litigation and financial crisis.

To reduce your risk, CARCO recommends our Executive Screening Program (ESP), a vetting service designed to protect your organization from serious risk and exposure caused by the damaging actions of would-be executives. ESP is a high-level investigative process, requiring a high degree of analysis and a comprehensive review of past history. ESP supports corporate recruiters, executive search firms, general counsel and chief security officers in screening backgrounds of prospective high-caliber job candidates in "C" level and SVP positions.

CARCO's ESP includes global information and data verification in the following categories:

• Personal search: Social Security, residence history and property records; lifestyle and personal conduct; motor vehicle driver record (MVR); references; publications verification; and newspapers, periodicals and media searches.
• Employment verification: Titles, duties and functions; salary and bonus history; and gap analysis on unemployment and questionable employment.
• Education verification: College and graduate level credentials.
• Financial search: Credit reports; UCC filings; and bankruptcies.
• Government records: Federal criminal history; federal and state litigation history; statewide or county felony and misdemeanor; sanction or disciplinary action by federal or state regulatory agencies; government watch lists; industry specific regulatory sanctions and disciplinary action; and liens and judgments history.
• Professional verification: Licenses; certifications; and memberships.

The reporting process includes thorough analysis and data cross-referencing to establish a complete and accurate picture of the candidate. ESP reports are completed by our specialized investigations group, which in some cases reveal "undisclosed" information by the candidate. Adverse findings are re-verified prior to dissemination to ensure accuracy and reduce potential liability. ESP enables your company to know the facts to make an informed hiring decision.

CARCO, setting the standard for accurate and reliable screening for 30+ years.