5.16 Brainstorming: Are Ethics Programs Helpful? (Objs. 1â€“5)
In the wake of the mortgage meltdown and numerous banking scandals, more companies are hiring ethics officersâ€”sometimes called â€œethics cops.â€ Companies are also investing in expensive interactive Web-based ethics training. You have been named to a team to discuss ethics compliance in your company, a large firm with thousands of employees. It has no current program. Other companies have ethics codes, conflict-of-interest policies, ethics officers, training programs, and hotlines. Some authorities, however, say that ethics failures are usually not the result of ignorance of laws or regulations.15 A variety of pressures may cause ethics lapses.