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5 Cards in this Set
- Front
- Back
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Acompliance program should be deemed effective if it addresses the seven minimumrequirements for ethical compliance programs. |
False,An effective compliance program has the seven elements of a compliance programin place and goes beyond those minimum requirements to determine what will workin a particular organization |
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Theaccountability and responsibility for appropriate business conduct rests withtop management. |
True,Executives in an organization determine the culture and initiatives thatsupport ethical behavior. |
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Ethical compliance can bemeasured by observing employees as well as through investigating and reportingmechanisms. |
True,Sometimes external monitoring is necessary, but internal monitoring andevaluation are the norm. |
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Thekey goal of ethics training is to help employees identify ethical issues. |
False,It is much more than that – It involves not only recognition but also anunderstanding of the values, culture, and rules in an organization as well asthe impact of ethical decisions on the company. |
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An ethical compliance audit isdesigned to determine the effectiveness of ethics initiatives. |
True,It helps in establishing the code an in making program improvements. |
