Ethics And Compliance Programs In Multinational Organizations

The study examines how multinational organizations implement the concept of ethics and compliance programs into their businesses and the extent to which these programs were geared to the 2004 Amendments. The study explores the applicability of the 2004 Amendments and analyzes the instruments organizations use to successfully develop and maintain these programs. By including research from various fields, a theoretical framework was developed for implementing an ethics and compliance program that takes into account the 2004 Amendments

In today’s era of increased regulation and renewed enforcement efforts, unethical behavior and misconduct are a focus of concern among not only governments and regulators, but also investors, firms, employees, customers, and the public. Accordingly, compliance programs have gained prominence in the organizational agenda. A properly designed and implemented compliance program provides crucial assurance for all stakeholders that an organization’s personnel abide by all applicable regulations, internal ethical principles, codes of conduct, and other guidelines. Based on empirical experience and illustrative cases, The Promises and Perils of Compliance seeks to discuss compliance not as just another management tool, but rather as a collection of rules, norms and controls embedded into an organization’s culture and environment that must be understood when designing a compliance program. The authors propose that organizations must be transparent at all stages of the design and implementation of the compliance program and be prepared to interpret, adapt, change, and redefine the program in action. It is also important for organizations to set a realistic agenda for the program so that gains can be seen and celebrated by all stakeholders. This book offers a pathway to understanding the organizational dynamics any compliance effort needs to consider. It will benefit business students as well as managers, compliance officers, and CEOs and executives at every level.

"Improvements in corporate compliance, ethics, and oversight have been a significant policy goal for the U.S. government at least since the enactment of the U.S. Federal Sentencing Guidelines in 1991 and the Sarbanes-Oxley Act in 2002. Notwithstanding these earlier government initiatives, the collapse of financial markets in late 2008 has invited renewed questions about the governance, compliance, and ethics practices of firms throughout the U.S. economy. On March 5, 2009, RAND convened a conference in Washington, D.C., on the role and perspectives of corporate chief ethics and compliance officers (CECOs) in supporting organizations in the detection and prevention of corporate misdeeds. The conference brought together leaders from among ethics and compliance officers in the corporate community, as well as stakeholders in the nonprofit sector, academia, and government. Discussions focused on the challenges facing corporate ethics and compliance programs as a first line of defense against malfeasance and misbehavior; on the role of CECOs as champions for implementation in their companies; and on potential steps that might be taken by government to empower CECOs and, by extension, the corporate ethics and compliance programs that they oversee."--Publisher's website.

Organizational Compliance and Ethics, Second Edition is designed to teach how to assess corporate legal risk as a quantifiable value that can be compared to other risks across a business enterprise and mitigated through various tools. Students learn how to 1) evaluate the potential financial consequences of a federal investigation or enforcement action; 2) build an effective compliance program tailored to a corporation’s operations; and 3) create a business ethics program that enhances corporate performance. New to the Second Edition: Updated cases and materials New “Test Your Knowledge” hypotheticals at the end of each Part More streamlined presentation Added new section covering supply chain due diligence Benefits for instructors and students: Well organized and easy to read Imparts highly marketable legal skills Emphasizes the practical application of legal theories and concepts Integrates business ethics into compliance and risk management

Codes of Conduct formulieren Verhaltensstandards und steuern Verhaltensweisen von Mitarbeiterinnen und Mitarbeitern in Unternehmen. Sie sollen dazu beitragen, Korruption, Bestechung, Betrug und Diskriminierung zu verhindern. Codes of conduct dienen der Selbstkontrolle und sind Selbstverpflichtungen der Unternehmen, sich gesetzeskonform und in ethischer Hinsicht einwandfrei zu verhalten. Zur Entwicklung, Einfuhrung und Durchsetzung von Codes of Conduct sind Ethics & Compliance Programme notwendig, die den Mitarbeitern die Ziele und Inhalte der Codes vermitteln. Je nach bereichsspezifischer und regionaler Ausrichtung der Unternehmen unter- scheiden sich ihre Codes of Conduct in Inhalt und Gestaltung. In dieser Studie werden die Codes of Conduct von sechs Pharmaunternehmen in Europa, USA und Japan analysiert und verglichen.

Written by a long-standing practitioner in the field, this timely and critical work is your best source for understanding all the complex issues and requirements associated with corporate compliance. It provides clear guidance for those charged with protecting their companies from financial and reputational risk, litigation, and government intervention, who want a robust guide to establish an effective compliance program.

Learn how large corporations can make real improvements in their standard business practices without jeopardizing their competitiveness in the global marketplace. S. Prakash Sethi, a preeminent business scholar and researcher on the activities of multinational corporations and global business issues, outlines a number of highly effective approaches by which corporate leaders can improve their credibility and ensure the protection of the human and civil rights of their workers across the globe. Order your copy today!

There is a crisis of trustworthiness in business and corporate integrity. This book identifies the specific actions to create and sustain integrity in businesses and corporations—steps that can restore the public's trust and confidence as well as improve company performance. Business and Corporate Integrity: Sustaining Organizational Compliance, Ethics, and Trust addresses a critical, contemporary topic of wide public concern from a pragmatic, solution-oriented perspective. Offering insights from world-class scholars and a range of subject matter experts, this accessible, two-volume work defines the nature of corporate integrity and business ethics in the current climate of scandals and an increasingly skeptical public, allowing readers to fully understand the importance of the subject. In addition, it uniquely provides practical methods, tactics, and tools to effectively address issues of integrity in the organizational environment. The first volume of the series contains contributed chapters that address the foundational approaches for ethics and integrity in the business world. The second volume presents practical ways to assess and enhance integrity and encourage ethical behavior in corporations, businesses, and other organizations. All companies—regardless of size or financial clout—need to avoid the significant consequences of ethical misconduct and illegal behavior by their employees and managers, which can result in erosion of public trust, customer loyalty, investor confidence, and employee morale, not to mention debilitating fines and criminal indictments. This book identifies the key mindset and values that should guide decision making for businesspeople every day.