Code Of Ethics Paper

Why would a company need an ethics program? According to Deputy Attorney General Gary G. Grindler, "having a robust compliance program is critical not only to preventing misconduct in the first place, but also to how your organization will be treated in the event criminal conduct does take place” (Frongillo, T. C., Eskow, L. R., & Simons, C.K., 2010). Further, good ethics programs help limit liability and exposure in the event of civil litigation (Ferrell, Fraedrich, & Ferrell, 2011). Importantly, the Federal Sentencing Guidelines require organizations’ to develop and implement ethics programs, which is followed by education, training, and oversight (Bethel, 2015).

Ethics programs are not a new concept. One of the first code of ethics programs in …show more content…
Organizational code of ethics outlining the core principles of the organization.
An ethics or compliance officer to ensure the ethics systems are in place and functioning. The functions of the ethics officer includes monitoring the organization to determine if it's making a good faith effort to abide by its stated values; ensuring the code of conduct supports those values and violations of values are prevented or detected and addressed; and overseeing the ethics communication strategy and mechanisms for employees to obtain guidance and report suspected wrongdoing.
An ethics committee to oversee the organization's ethics initiative and to supervise the ethics officer. The committee is the final interpreter of the ethics code and the final authority on the need for new or revised ethics policies.
An ethics communication strategy to ensure employees have the information they need in a timely and usable fashion and to ensure the organization is encouraging employee communication regarding the values, standards and the conduct of the organization and its