2. LISTED COMPANY
• For a company to be listed it should adhere
to rules and regulations framed under
foregoing statutes
• Listed companies drive the stock exchange
• Any unethical practices if identified in
listed companies affect the performance of
that company (Ex: Volkswagen defeat device)
3. GSK SCANDAL
• GSK was fined $500 Million for bribing
hospitals in China.
• Company can show that it has a robust
corporate compliance policy, a CEO who
preaches about the importance of clean
practices in places like China and high-
level executives and board members who even
travel to hot spots to check on compliance
efforts, it’s less likely that employees
4. ROLE OF ETHICS OFFICERS
• Integrating a company's business
objectives, Culture and compliance
initiatives.
• Report on a wide range of regulatory and
ethical matters.
• They can make sure business practices match
company vision.
• Sharpen and articulate corporate values
5. • Help employees at all levels of the
organization to make correct decisions in
difficult situations
• Can be helpful to some who may not have had
ethics education or at previous employers.
• Example: This is especially true for IT
security personnel because of their access
to sensitive information as well as the
responsibility to protect it.
ROLE OF ETHICS OFFICERS
6. QUALITIES OF AN ETHICS OFFICER
• Passion for the role and commitment to the
culture
• Strategic vision and a holistic approach
• Business partnering
• A keen eye for cost
• Continuous improvement and stellar organization
7. QUALITIES OF AN ETHICS OFFICER
• Avoid the head office plague
• Understand risk
• Tone at the top
• Walking the talk
• Excellent marketing skills
8. REASONS TO RECRUIT AN ETHICS
OFFICER• For integrating business objectives,
culture and compliance initiatives on a
wide range of regulatory and ethical
matters
Factors that we need to recruit ethics
officer
• To improve the company's reputation and
public perception
9. UNETHICAL PRACTICES
• TOYOTA (2010-safety concerns,$124 million,
man hours-50,000)
• Halliburton (business practices with
countries that are prohibited for trade by
US)
• Wal-Mart's business practices (predatory
pricing)
• Chevron (dumping billions of gallons of
10. CONCLUSION
• Many companies have embraced the importance of
ethics as an important function.
• A company’s managers play an important role in
establishing its ethical tone.
• Ethics officers are responsible for setting
standards for what is and is not acceptable
employee behaviour.
• The rise of Ethics Officers, whether combined
with compliance or not, is the most
11. CONCLUSION
• The ethical culture has to extend through
every layer of a company, including the
behaviour of sales personnel who are on the
frontlines of every business.
• An Ethics Officer has an important function
in every company – they have to ask the
question of whether a company “should” act
in a certain way, as opposed to whether the
company “can” act in a certain way.