Week 5

Week 5

Week 5 - Overview & Learning Objectives

Attached Files:

·  Chapter 8. Developing an Effective Ethics Program.pptx  Chapter 8. Developing an Effective Ethics Program.pptx - Alternative Formats (445.972 KB)

·  Chapter 9. Managing and Controlling Ethics Programs.pptx  Chapter 9. Managing and Controlling Ethics Programs.pptx - Alternative Formats (564.446 KB)

Assigned Readings:

Chapter 8. Developing an Effective Ethics Program.

Chapter 9. Managing and Controlling Ethics Programs.

Overview:

Chapter 8 first provides an assessment of the corporation as an entity in society, and then gives an overview of why businesses need to develop an organizational ethics program. It covers the factors that are requisite parts of an ethics program: a code of conduct, the role of ethics officers and the appropriate delegation of authority, effective ethics training, systems for monitoring and supporting ethical compliance, and the importance of continual efforts to improve the ethics program. Finally, the chapter discusses the common mistakes made in designing and implementing ethics programs.

Chapter 9 examines the concept of an ethics audit as a way to help implement an effective ethics program. The chapter begins by discussing the implementation of ethics programs. We define the term ethics audit and explore its relationship to a social audit. Next, we examine the benefits and limitations of this implementation tool. The challenges of measuring nonfinancial ethical performance are examined, and evolving standards are reviewed from ISO 19600 and the Open Compliance Ethics Group. We then detail a framework for an ethics audit, including securing the commitment of directors and top managers; establishing a committee to oversee the audit; defining the scope of the audit process; reviewing the firm’s mission, values, goals, and policies and defining ethical priorities; collecting and analyzing relevant information; verifying the results; and reporting them. Finally, this chapter considers the strategic importance of ethics auditing.

Chapter 8. Developing an Effective Ethics Program

Learning Objectives

1. Understand the responsibility of the corporation to stakeholders

2. Understand why businesses need ethics programs

3. List the minimum requirements for an ethics program

4. Describe the role of codes of ethics in identifying key corporate risk areas

5. Identify factors in successful ethics training, program types, and goals

6. Examine the ways ethical standards are monitored, audited, and enforced

Chapter 9. Managing and Controlling Ethics Programs

Learning Objectives

1. Define ethics auditing

2. Identify the benefits and limitations of ethics auditing

3. Examine the challenges of measuring nonfinancial performance

4. Explore the stages of the ethics-auditing process

5. Understand the strategic role of the ethics audit.

Discussion Paper

Reflection and Discussion Forum Week 5

Assigned Readings:

Chapter 8. Developing an Effective Ethics Program.

Chapter 9. Managing and Controlling Ethics Programs.

Initial Postings:  Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each assigned textbook chapter.Your initial post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion.

Also, provide a graduate-level response to each of the following questions:

1. Workplace Ethics Scenarios -- Ethics Video | DuPont Sustainable Solutions – a scenario skit from DuPont that has dismissive employees telling their boss that they don’t need ethics training and her recounting miscues in their behavior from conflicts of interest with potential suppliers to expense account fraud.

https://www.youtube.com/watch?v=izXuboAZzCM

Length: 2:28

Questions:

1. Why do you think that employees, generally, are so skeptical of ethics training?

2. Many employees do not recognize ethical issues. What can be done in ethics training to help sensitize employees?

3. How often do you think companies, that have strong ethics and compliance programs, initiate ethics training?

[Your post must be substantive and demonstrate insight gained from the course material. Postings must be in the student's own words - do not provide quotes!]

 [Your initial post should be at least 450+ words and in APA format (including Times New Roman with font size 12 and double spaced). Post the actual body of your paper in the discussion thread then attach a Word version of the paper for APA review]

Submitting the Initial Posting: Your initial posting should be completed by Thursday, 11:59 p.m. EST. 

Activity

Activity 5

The Importance of Developing an Effective Ethics Program - The Association of Certified Fraud Examiners provides guidance and examples of what constitutes an effective ethics and compliance program that brings stakeholder value.

https://www.youtube.com/watch?v=bbPgwJC-TAA

Length: 5:21

Questions:

1. What are the fundamental differences between an ethics program and compliance program?

2. What is the role of a strong organizational code of ethics?

3. What is the most important part of maintaining an employee reporting mechanism to uncover misconduct, such as a hot line?

The Difference Between Business Continuity and Disaster Recovery -an online protection service outlines the differences between business continuity and disaster recovery and also shares relevant data on disaster preparedness and outcomes.

https://www.youtube.com/watch?v=qfjWhAmWYL8&index=2&list=PLsoU8JOdh29uPbmOQQzFgaNGnOIhscYRL

Length: 9:04

Questions:

1. How does having an ‘ethical crisis management plan’ benefit a company?

2. Why should the information technology department be the ones who write the plan?

3. What’s the difference between business continuity a disaster recovery?

The assignment is to answer the question provided above in essay form. This is to be in narrative form and should be as thorough as possible. Bullet points should not to be used. The paper should be at least 1.5 - 2 pages in length, Times New Roman 12-pt font, double-spaced, 1 inch margins and utilizing at least one outside scholarly or professional source related to competitive strategy. The textbook should also be utilized. Do not insert excess line spacing. APA formatting and citation should be used.