26.13. Best Practices for Ethical Governance

Try these first

1. 1.

   What is the purpose of a Code of Ethics in an organization?

   Hint

   Think about the written guidelines for employee behavior.

2. 2.

   Why is regular training on ethics important for employees?

   Hint

   Consider how often we need reminders about company policies.

3. 3.

   What is the purpose of a Code of Ethics?

   • To guide employee behavior
   • To set financial targets
   • To create company policies

   Hint

   Consider what document outlines values and expectations.

4. 4.

   True or False: Regular ethics training is unnecessary for employees.

   • True
   • False

   Hint

   Think about how often policies change.

5. 5.

   Consider a company where a significant ethical breach occurred due to a lack of proper training and adherence to the Code of Ethics. Propose a multifaceted strategy to prevent this from occurring in the future.

   Hint

   Think about how to reinforce ethics at various levels of the organization.

6. 6.

   Evaluate a situation wherein a company’s ethics committee was not effectively able to enforce ethical standards. What specific issues could have contributed to this failure and how can these be addressed?

   Hint

   Consider the organizational structure and communication channels.