• Ethics and Compliance Culture

Ethics and Compliance Culture

  • Cultural Audits
  • Training Compliance & Audit on cultural and behavioral dynamics & auditing
  • Compliance and Ethics change programs

Step 1: Design & implement 7 Base Elements

  • Detailed guidance on key components of the Code of Ethics including the use of an anonymous reporting hotline.
  • Periodic surveys of employees to understand perceptions on the organization’s ethical climate.
  • Review of disciplinary action in response to ethical violations takes place by an independent party to ensure consistency.
  • Openly praising employees for demonstrating ethical conduct.
  • Regular communication on the importance of the code of ethics and reporting on the ethics program in the company’s annual report.
  • Investigations are conducted by experts in accordance with a defined investigation protocol.
  • Ethics related metrics are included as part of an employee’s performance goals.
Creating programs and audits to validate key elements:
  • Tone at the top – commitment of the board and top management to ethics.
  • Ethical principles – how well these are adhered to by all levels of the organization, including stakeholders and suppliers.
  • Risk management – recognition of the need for risk management and effective implementation of risk management throughout the organization.
  • Information – availability of information relating to ethical conduct such as a documented ethical program, awareness activities, and breaches of ethical guidelines.
  • Sharing – active sharing of information relating to the ethical program and its results.
  • Alignment – risk management alignment with the organization’s ethical culture.