ethikos

  1. Charting a new path: Setting your moral compass

    ethikos Volume 35, Number 1. January 01, 2021  | Author: Frank Bucaro  | January 01, 2021 

    Our business culture tends to shy away from using the term “moral,” yet the research shows that the development of moral leadership is quickly becoming nonnegotiable in business.[1]...

  2. On ethics: Todd Inouye

    ethikos Volume 35, Number 1. January 01, 2021  | Author: Adam Turteltaub  | January 01, 2021 

    AT: Before we get into the very intriguing exercise you developed, can you first give us an overview of what you are teaching at the University of Hawai‘i at Hilo?...

  3. Loyalty v. truth: Are they opposing ideas?

    ethikos Volume 35, Number 1. January 01, 2021  | Author: Daniel Coney  | January 01, 2021 

    In the world of ethics, we often consider certain values as the underpinnings that drive what is and isn’t ethical. What happens, though, when conflicting values seem to create a conundrum? That question recently piqued my interest during a classroom exercise involving the question of what creates conflict with respect to public servants engaging the public. In the classic book, How Good People Make Tough Choices,[1] the late ethics professor Rushworth Kidder presents two types of moral or political decisions: “wrong v. right” and “right v. right.” It is the latter to which we shift, as most of our ethical...

  4. A robust compliance program is not cosmetic: Enhance your corporate DNA

    ethikos Volume 35, Number 1. January 01, 2021  | Author: Katrina A. Bramstedt  | January 01, 2021 

    Katrina A. Bramstedt (katrina.bramstedt@yourcall.com.au) is Head of Advisory & Training, Your Call, located in Kew, Victoria, Australia...

  5. After Switzerland rejects strong corporate ethics controls, new proposal likely

    ethikos Volume 35, Number 1. January 01, 2021  | Author: Sascha Matuszak  | January 01, 2021 

    A vote that would have banned the national bank from investing in defense industries and would have also stiffen the penalties against Swiss corporations violating human rights and causing environmental harm was rejected. A counterproposal is now being considered.[1] Under the counterproposal, companies are encouraged to respect human rights and environmental standards not only in Switzerland but all over the world, but it “stops short of allowing them to be sued for liability.”...

  6. CEOs and 'I don't do that!'

    ethikos Volume 34, Number 12. December 01, 2020  | Author: Marianne Jennings  | December 01, 2020 

    In an episode of the 1970s television series, The Mary Tyler Moore Show, Mary’s neighbor, Phyllis Lindstrom, over-planner, worrier, and meddler, was poised, once again, to wreak havoc. Mary tries to explain to Phyllis that she is exaggerating things as she always does. Phyllis, shocked, responds, “I don’t do that. My mother did that.” There are several other times in the episode that Phyllis, when warned about her pattern of inappropriate behaviors, repeats, “I don’t do that. My mother did that.” With Mary’s final warning, Phyllis repeats, “I don’t do that. You just do not know me, but it is...

  7. On ethics: Professor Paul Fiorelli

    ethikos Volume 34, Number 12. December 01, 2020  | Author: Adam Turteltaub  | December 01, 2020 

    AT: You run an interesting program for business school students at Xavier University in which they spend a week in London and Paris examining how business ethics issues are managed. What was the genesis of the program?...

  8. COVID-19 brings compliance communications to the forefront like never before

    ethikos Volume 34, Number 12. December 01, 2020  | Author: Solomon Carter  | December 01, 2020 

    Until now, when most people thought about compliance, particularly those outside of the compliance profession, they thought about a department or people charged with enforcing rules. And, of course, they would be correct in thinking that, but, as we know, there’s so much more to compliance than “making people do things.”...

  9. FIRST releases ethics code for incident response and security teams

    ethikos Volume 34, Number 12. December 01, 2020  | Author: Sascha Matuszak  | December 01, 2020 

    The Forum of Incident Response and Security Teams (FIRST) released its code, “Ethics for Incident Response and Security Teams,”[1] a document that informs teams in the computing industry how to conduct themselves professionally and ethically...

  10. Beam Suntory settles with DOJ for $19.6 million

    ethikos Volume 34, Number 12. December 01, 2020  | Author: Sascha Matuszak  | December 01, 2020 

    Beam Suntory Inc. agreed to pay a penalty of $19.6 million for bribery and other violations of the Foreign Corrupt Practices Act (FCPA).[1] The company had paid bribes to officials in India and then went to great lengths to conceal the bribes and foil investigations into the FCPA violations. The agreement with the U.S. Department of Justice (DOJ) also includes a deferred prosecution agreement that puts the DOJ in an oversight role over changes to the company’s internal ethics and compliance controls.[2]...

  11. If your company relied on Privacy Shield, we need to talk

    ethikos Volume 34, Number 11. November 01, 2020  | Authors: Yvette Gabrielian, Alan Brill  | November 01, 2020 

    In a decision known as Schrems II,[1] the Court of Justice of the European Union (CJEU) recently ruled that the EU-US Privacy Shield framework, “designed by the U.S. Department of Commerce and European Commission to provide companies on both sides of the Atlantic with a mechanism to comply with EU data protection requirements when transferring personal data from the European Union (EU) to the United States in support of transatlantic commerce”[2] and used by more than 5,000 US companies,[3] was invalid. The case concerns Max Schrems, an Austrian privacy advocate, who filed a complaint with the Irish Data Protection Commissioner...

  12. On ethics: Alexander Stein, Part 2

    ethikos Volume 34, Number 11. November 01, 2020  | Author: Adam Turteltaub  | November 01, 2020 

    AT: A lot of emphasis in ethics and compliance is on setting the right tone at the top. Is that the right place to focus the effort, or are others more effective?...

  13. How to build corporate culture: Part 3

    ethikos Volume 34, Number 11. November 01, 2020  | Author: Anders Ling  | November 01, 2020 

    In this article, the author, Anders Ling, explains how an organization can change its culture to create a purpose-driven and values-based organization. In the first two parts, he looked at the foundation of a purpose-driven and values-based organization, which consists of alignment of goals and objectives between the individuals, and the fundamental building blocks resulting in stronger corporate culture—integrity, courage, fairness, and honesty, which, when consistently applied, will turn into respect, loyalty, and trust. Another important lesson is thinking of yourself as a part of a team where “we” is bigger than “me.”...

  14. No better time than right now to consider ethics

    ethikos Volume 34, Number 11. November 01, 2020  | Author: Sascha Matuszak  | November 01, 2020 

    A recent editorial[1] in The Wall Street Journal stressed that today’s consumers and stakeholders are ethically minded, and companies ignore this trend at their peril. There is a wide variety of concerns a company must address, not merely the bottom line and ensuring market access by following all relevant laws. The editorial lists some of the major concerns—boardroom diversity, supply chain resilience, human rights advocacy, carbon emissions reduction, employee morale and motivation, and political lobbying—and provides a road map for companies trying to build ethics into their compliance programs...

  15. EU decision to invalidate Privacy Shield poses ethical questions

    ethikos Volume 34, Number 11. November 01, 2020  | Author: Sascha Matuszak  | November 01, 2020 

    The European Court of Justice’s decision in July to invalidate the mechanism by which data was transferred between the European Union (EU) and the United States is primarily a question of data controls, but it also invokes ethical considerations that demonstrate crucial differences between the way the EU and the US operate...

  16. How to build corporate culture: Part 2

    ethikos Volume 34, Number 10. October 01, 2020  | Author: Anders Ling  | October 01, 2020 

    In the first part of this series addressing corporate culture, we examined the foundation for creating a purpose-driven and values-based organization where the building blocks of courage, fairness, and honesty results in a foundation of individuals across the organization demonstrating and acting with integrity—doing the right thing even when no one is watching...

  17. On ethics: Alexander Stein, Part 1

    ethikos Volume 34, Number 10. October 01, 2020  | Author: Adam Turteltaub  | October 01, 2020 

    AT: Let’s start with ethics. How much of what we think is either ethical or not is absolute vs. subject to the environment we find ourselves in? Does workplace culture have a great effect?...

  18. How ethics and compliance officers interact with ESG principles

    ethikos Volume 34, Number 10. October 01, 2020  | Authors: Patrick Wellens, Shaun McMillan  | October 01, 2020 

    In order to allow investors, consumers, policy makers, nongovernmental organizations, employees, vendors, competitors, insurers, and contractual counterparties to evaluate the risks and opportunities that will significantly affect a company’s long-term operational and financial performance, more companies have started to disclose nonfinancial information on environmental, social, and governance (ESG) aspects of their business...

  19. Integrity-it's all in the word!

    ethikos Volume 34, Number 10. October 01, 2020  | Author: Matthew J. Landis  | October 01, 2020 

    These days, social distancing allows our thoughts to reach our mind’s corners perhaps a bit more than usual. I recently found myself thinking about integrity and what it stands for. Approaching this topic through the lens of a homeschooling activity proved to be instructive as well as fun. Here is my view on what integrity means, letter by letter...

  20. Six practices that can help foster an ethical company culture

    ethikos Volume 34, Number 10. October 01, 2020  | Author: Sascha Matuszak  | October 01, 2020 

    In an article for the Harvard Business Review,[1] Robert Chesnut, general counsel and chief ethics officer at Airbnb, former federal prosecutor, and author of the book Intentional Integrity: How Smart Companies Can Lead an Ethical Revolution and Why That’s Good for All of Us, describes some of the basic yet critical steps companies must take in order to foster an ethical culture...

  21. AICPA committee proposes changes to records requests rule

    ethikos Volume 34, Number 10. October 01, 2020  | Author: Sascha Matuszak  | October 01, 2020 

    The American Institute of Certified Public Accountants (AICPA) drafted proposed changes[1] to a rule that allows members to withhold records from a client if the client does not pay the member for the time and expense the member charges to retrieve and copy the records. That rule, the Records Requests interpretation (ET § 1.400.200) under the Acts Discreditable Rule (ET § 1.400.001) in the AICPA Code of Professional Conduct[2] would be revised by the proposal to:[3]...

  22. Communicating ethics to a changing audience

    ethikos Volume 34, Number 9. September 01, 2020  | Author: Andrew T. Wampler  | September 01, 2020 

    Most organizations expend quite a bit of effort and expense in defining the ethics that inform their operations. We can probably agree on many of those foundational principles that companies adopt to guide their workers. There is much written on the content of those ethical principles and the elements of compliance and ethics programs, but the way those principles are conveyed is easily ignored. Sure, most everyone agrees that each company needs some type of documentation that outlines what should inform decision-making. But often there is not much thought put into how those things are said...

  23. On ethics: Chuck Gallagher

    ethikos Volume 34, Number 9. September 01, 2020  | Author: Adam Turteltaub  | September 01, 2020 

    AT: Compliance and ethics professionals spend a lot of time encouraging people to make the right choices. You made the wrong choice. Can you share your mistake?...

  24. Human resources or compliance: Who you gonna call?

    ethikos Volume 34, Number 9. September 01, 2020  | Authors: Patrick Wellens, Shaun McMillan  | September 01, 2020 

    Most organizations have a corporate policy on compliance incidents. This policy provides the definition of what constitutes a compliance incident and how to report it in an organization. It is of utmost importance that the policy include the various channels that employees could use to report a compliance incident and which department (compliance, internal audit, corporate security, external law firm) would be authorized to investigate compliance incidents. Further, the policy should encapsulate what steps might be followed should an investigation occur of the compliance case (including informing the supervisor of the person being investigated and procedures to be followed during...

  25. How to build corporate culture: Part 1

    ethikos Volume 34, Number 9. September 01, 2020  | Author: Anders Ling  | September 01, 2020 

    What is in it for me? This particular question is raised consciously—or subconsciously—by most people when asked or told to do something. Unless there is something in it for us, we tend to give it less priority than other matters where we have something to gain. Sound familiar?...