THE EMERGING NEED FOR ETHICS AND COMPLIANCE DEPARTMENTS IN COMPANIES
Major business scandals in the news have brought to the public's attention contraversies regarding the ethical conduct and behaviour of executives and directors of organizations.
To try protect employees, investors, shareholders, consumers and the public at large from the negative consequences of unethical business practices, governments at all levels continue to implement laws and regulations designed to promote transparent and accountable conduct.
These requirements can require specific expertise with accounting and auditing, communications, crisis management, government and public affairs management and many laws and regulations.
Ethics-compliance advisors may have to oversee financial reporting, serve as a legal counsel, and advise as to human resources, corporate communications, employee relations, customer relations, risk management, human rights, advertising, competition, privacy and security considerations.
The ethical compliance advisor will liaise and work with many layers of management and executive management striving to develop and implement the kinds of internal practices and policies that will stand up to public and government demands and requirements.
The ethics and compliance function is crucial in that it serves as the continuing symbol and guarantee to the public of a company’s willingness to police itself, conduct itself ethically and most importantly hold itself accountable to the public and its customers for its actions.
Want to Know More?
For assistance in creating ethics and compliance policies and programs, setting up internal ethics and compliance departments or mediating or crisis managing ethic and compliance issues, please contact me at mrubenstca@yahoo.com.
I respond to all in-coming e-mails within 3 working hours.
