ethikos

  1. 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...

  2. 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?...

  3. 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...

  4. 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?...

  5. Kindness and empathy in whistleblowing

    ethikos Volume 34, Number 9. September 01, 2020  | Author: Amanda Nieweler  | September 01, 2020 

    Whistleblowers play a very important and needed role in society and the industries they are blowing the whistle against. In fact, many whistleblowers have played a very pivotal role in initiating the destruction of a plethora of fraudulent schemes over the years—all because they fought back the fear of shedding light on something wrong and choosing to speak up...

  6. Security Industry Association publishes new code of ethics

    ethikos Volume 34, Number 9. September 01, 2020  | Author: Sascha Matuszak  | September 01, 2020 

    The Security Industry Association developed a new code of ethics, using nine sets of principles, that went into effect July 1.[1] The code requires members of the association to affirm that they will abide by the principles as a condition of membership...

  7. The ethics of strategic leadership: The decision-making and execution process

    ethikos Volume 34, Number 8. August 01, 2020  | Authors: Karima Mariama-Arthur, Christopher Mayer  | August 01, 2020 

    When most people think about leadership, strategy isn’t typically the first thing that comes to mind. But leadership without strategy is a recipe for disaster. It’s much like being blindfolded and wandering aimlessly in the dark, hoping to arrive at an intended destination—chances are you won’t. To be successful, you’ll need a plan of action and a high-functioning compass. Connecting the dots between the vision, purpose, and execution to produce desired outcomes is crucial.[1]...

  8. On ethics: Lisa Gross

    ethikos Volume 34, Number 8. August 01, 2020  | Author: Adam Turteltaub  | August 01, 2020 

    AT: At your session at the 2019 Compliance & Ethics Institute, you pointed out something that is subtle but important: There is a difference between a leader and a manager. Can you describe what you meant?...

  9. Misplaced trust in high-level employees: Ethical challenges in the public sector

    ethikos Volume 34, Number 8. August 01, 2020  | Author: Jabu M. Sengova  | August 01, 2020 

    Since the beginning of time, corruption has been a cancer of society and led to the decline of many great civilizations. “Corruption began life as a moral and corporeal concept and has evolved into a political, legal and economic phenomenon.”[1] It is a fact that to control corruption, we must understand the causes and symptoms of this pervasive disease, even if we cannot completely eliminate the cancer because there is essentially no “cure.” “Public sector corruption is a symptom of failed governance,” where the norms, traditions, and institutions become entrenched in a culture of unethical conduct and abuse of power.[2]...

  10. The impact of trust, values, and ethics on company reputation

    ethikos Volume 34, Number 8. August 01, 2020  | Author: Sujatha Venkatraman  | August 01, 2020 

    Did you know that your company’s corporate reputation is one of its most valuable assets when it comes to recruiting talented workers? It’s true that 84% of job seekers say that a company’s reputation is “important” when it comes to choosing a company to work for.[1]...

  11. Small Business Administration scrapped ethics review for COVID-19 payments

    ethikos Volume 34, Number 8. August 01, 2020  | August 01, 2020 

    The United States Small Business Association (SBA) scrapped a requirement that had loan seekers undergo an ethics review before obtaining funds from the Payment Protection Program (PPP).[1]...

  12. Revisions to Evaluation of Corporate Compliance Programs

    ethikos Volume 34, Number 7. July 01, 2020  | Author: Rebecca Walker  | July 01, 2020 

    In June, the Department of Justice (DOJ) issued a revised version of its guidance to prosecutors regarding the factors that prosecutors should consider in making “informed decisions as to whether, and to what extent, the corporation’s compliance program [is] effective…for purposes of determining the appropriate (1) form of any resolution or prosecution; (2) monetary penalty, if any; and (3) compliance obligations contained in any corporate criminal resolution (e.g., monitorship or reporting obligations).”[1] The guidance includes a number of very detailed questions regarding assessment of the efficacy of a compliance program and is, therefore, an important resource for compliance practitioners...

  13. COVID-19, stealth IT, and expedient operations: A challenge for ethics and compliance professionals

    ethikos Volume 34, Number 7. July 01, 2020  | Author: Alan Brill  | July 01, 2020 

    One of the challenges facing the compliance community involves what is known as “stealth IT” or “shadow IT,”[1] which refers to cyberactivities that occur in a company that the information technology (IT) team does not know about. Sometimes called the “do-it-yourself information technology,” it consists of services that are arranged by units of an organization, set up without the knowledge or approval of the IT or legal departments, and are often paid for with employees’ credit cards and reimbursed as an expense account item. These services may include specialized calculations provided through online (cloud) services or remote storage, and in...

  14. On ethics: Alison J. Taylor

    ethikos Volume 34, Number 7. July 01, 2020  | Author: Adam Turteltaub  | July 01, 2020 

    AT: What is ESG? It’s a relatively new term that many may need defined. How is it different from CSR?...

  15. Can choices be this simple: Survival or status?

    ethikos Volume 34, Number 7. July 01, 2020  | Authors: Suzan D. McGinnis, Jinger A. Gustafson  | July 01, 2020 

    Are individuals forced into choices and/or do individuals make choices for a particular reason? As an ethics professional/practitioner, I believed the reports made regarding ethical concerns, challenges, and considerations were littered with the individuals making bad choices. I could read a case file and have a fairly good idea where the bad choice was made that led to the reason for the report. Individuals make thousands of choices every day. I have found that an organization’s ethical culture, which can be different from overall culture, plays a critical role for employees...

  16. Johns Hopkins University releases ethics framework for post-pandemic reopening

    ethikos Volume 34, Number 7. July 01, 2020  | Author: Sascha Matuszak  | July 01, 2020 

    As nations around the world prepare to reopen businesses and other services after months of social distancing, scientists, economists, and ethicists are concerning themselves with the steps in that process...

  17. CFP Board adopts new procedural rules

    ethikos Volume 34, Number 7. July 01, 2020  | Author: Sascha Matuszak  | July 01, 2020 

    After a series of comment periods and drafts, the Certified Financial Planner Board of Standards Inc. issued new procedural rules[1] to help certified financial planners navigate ethical practices and standards. The new rules are in effect as of June 30, 2020. They consolidate and replace Disciplinary Rules and Procedures and Appeal Rules and Procedures that provided a framework for ethical standards...

  18. Should Swiss laws be tougher on environmental and human rights violations?

    ethikos Volume 34, Number 6. June 01, 2020  | Authors: Patrick Wellens, Shaun McMillan  | June 01, 2020 

    Will an additional law need to be imposed on companies, or is self-regulation and voluntary measures to prevent environmental and human rights violations enough? In April 2015, a Swiss referendum was introduced to change the Federal Constitution and impose additional responsibilities and liabilities for Swiss-based companies.[1] As of May 2020, the constitution has not yet been amended...

  19. On ethics: Rebecca Walker

    ethikos Volume 34, Number 6. June 01, 2020  | Author: Adam Turteltaub  | June 01, 2020 

    AT: Why should organizations conduct compliance and ethics (C&E) program assessments?...

  20. Cybersecurity and compliance in a pandemic

    ethikos Volume 34, Number 6. June 01, 2020  | Author: Mac McMillan  | June 01, 2020 

    Security has always had a love-hate relationship with compliance. The guiding principle of compliance is balance, and it, at some point, has a minimum—meaning sometimes even no security is acceptable if the mission is at risk, and when that mission is life or death, if necessary, no security is acceptable. That doesn’t mean it is desirable or appropriate to ignore protections or not important to seek compensatory measures. But when everyone is moving as fast as they can and still falling behind and even simple tasks become difficult or nearly impossible, everything that isn’t critical to the core mission becomes...

  21. Amazon under the gun

    ethikos Volume 34, Number 6. June 01, 2020  | Author: Sascha Matuszak  | June 01, 2020 

    Amazon.com Inc. is facing scrutiny from lawmakers after a series of actions, including firing employees after they had raised workplace concerns[1] and purchasing equipment from blacklisted Chinese companies.[2] The demand for Amazon’s delivery services has also skyrocketed during the COVID-19 pandemic.[3]...

  22. Security in the time of COVID-19

    ethikos Volume 34, Number 5. May 01, 2020  | Author: John Nye  | May 01, 2020 

    At this moment in time, the world is in a very strange state: More than half the population of the US—and the world—has been asked or ordered to stay at home. By the time this article is published, it is likely this number will have grown even more. How does this affect security? In many ways, this crisis has caused a perfect storm for security to go spiraling out of control. First, consider the sheer number of people that were forced to begin working from home in 2020. A majority of the workforce in the US is now telecommuting. Add...

  23. Compliance challenges in the financial sector in Brazil: Less AML and more ABCD

    ethikos Volume 34, Number 5. May 01, 2020  | Author: Daniel Lança  | May 01, 2020 

    After a long period of crisis, the financial sector in Brazil is growing vigorously again, reflecting the country's economic improvement. Finance—historically accustomed to dealing with regulations and monitoring by government agencies—has strengthened its compliance programs and now faces new challenges...

  24. On ethics: Katherine A. Lawler

    ethikos Volume 34, Number 5. May 01, 2020  | Author:  Adam Turteltaub  | May 01, 2020 

    AT: You have an interesting structure to your ethics program. Can you walk us through it?...

  25. Measure for Measure: The effects of ethics training

    ethikos Volume 34, Number 5. May 01, 2020  | Author: Carl R. Oliver  | May 01, 2020 

    Observation indicates that many companies could measure the effects of business ethics training better. Perspective comes from the U.S. Federal Sentencing Guidelines for Organizations (USSG),[1] which set the de facto minimum standards for US business ethics, and the widely used Kirkpatrick Model for evaluating training programs.[2] Two specific underused measures are qualitative content analysis of ethics intake reports and annual employee interviews to audit the ethics element of corporate culture. Part of the solution is switching measurement from return on investment (ROI) to return on expectations (ROE)...