| Corporate
Ethics programs in the US started in the early 1990's with the development
of the US Federal Sentencing Guidelines (FSG). Most companies started
ethics programs to be compliant with the Guidelines. Over the past
10
years, it has evolved from a reactive to a more proactive approach
to corporate ethics. In the past year, with the recent failure of
many
global companies due in large part to ethics violations, it has become
obvious that proactively managing corporate ethics is good business,
and directly affects the bottom line.
Ethics matters because it makes good business sense to "do
the right thing". Additionally good corporate ethics results in:
- Attracting better talent
- Retaining employees
- Attracting new customers
- Retaining customers
- A Positive effect on ROI
- A Positive effect on Corporate Reputation
At a minimum, companies doing business in the US should ensure they
are compliant with:
- The Federal Sentencing Guidelines for Corporations.
- The new Sarbanes Oxley corporate responsibility legislation.
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