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Why become Ethically Managed
Its the law
SOX has requirements pertaining to an Ethics Program for public companies
Sarbanes-Oxley Act of 2002
US Securities and Exchange Commission
Securities exchanges
NASDAQ/NYSE has requirements pertaining to an Ethics Program for listed companies
FAR has requirements pertaining to an Ethics Program for government contractors
Federal Acquisition Regulation (FAR)
It protects your organization
Criminal liability reduced up to 95% for public and private companies that have an Ethics Program per Sentencing Guidelines
Organizational Sentencing Guidlines
Organizations are responsible for injuries caused by employees under common-law doctrine of respondeat superior
The Department of Justice (DOJ) considers an Ethics Program in decisions of prosecution
Its good for your business
Secure top company performance
Recruit and retain good employees
Maintain high employee morale and productivity
Deter and detect fraud
Occupational fraud
Promote a positive reputation and long-term success
The Organization for Economic Cooperation and Development (OECD)
Its a foundation of internal controls
Internal control
COSO Framework
Its a core part of Corporate Social Responsibility (CSR)
International Standards Organization (ISO) 26000
Its a core part of Governance, Risk Management, Compliance (GRC)
The Open Compliance and Ethics Group (OECG)
There is a need for an Ethics Program across industries
HHS OIG promotes a comprehensive Ethics Program for hospitals
FDIC promotes a comprehensive Ethics Program for banks
The IRS promotes a comprehensive Ethics Program for non-profit organizations
Ethics Program for local governments
Ethics Hotline for schools
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Components of an Ethics Program
Ethics Training
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Ethics Resources
Ethics in the news
Ethics assessment: sample questionnaire
A good Ethics Code:
SOX section 406(c) defines ‘Code of Ethics’
Sections of an Ethics Code
Elements of an Ethics Code
NYSE listed company Ethics Code requirements
Sample Ethics Codes
Professional Ethics Codes
Virtues in Ethics Codes
Ethics Hotline best practices
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