Ethics Hotline, Training, Code: Why Become Ethically Managed


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WHY BECOME ETHICALLY MANAGED?

1. Its the law

A.	SOX has requirements pertaining to an Ethics Program for public companies
B.	NASDAQ/NYSE has requirements pertaining to an Ethics Program for listed companies
C.	FAR has requirements pertaining to an Ethics Program for government contractors

2. It protects your organization

A.	Criminal liability reduced up to 95% for public and private companies that have an Ethics Program per Sentencing Guidelines
B.	Organizations are responsible for injuries caused by employees under common-law doctrine of respondeat superior
C.	The Department of Justice (DOJ) considers an Ethics Program in decisions of prosecution

3. Its good for your business

A.	Secure top company performance
B.	Recruit and retain good employees
C.	Maintain high employee morale and productivity
D.	Deter and detect fraud
E.	Promote a positive reputation and long-term success

4. Its a foundation of internal controls

5. Its a core part of Corporate Social Responsibility (CSR)

6. Its a core part of Governance, Risk Management, Compliance (GRC)

7. There is a need for an Ethics Program across industries

A.	HHS OIG promotes a comprehensive Ethics Program for hospitals
B.	FDIC promotes a comprehensive Ethics Program for banks
C.	The IRS promotes a comprehensive Ethics Program for non-profit organizations
D.	Ethics Program for local governments
E.	Ethics Hotline for schools