Whole Network Accounting Compliance Ethics executive pay SOX strategy

 

Ethics: Talking the talk without doing

Filed in archive Ethics by leon on June 8, 2006

Ethics: Talking the talk without doing
First the good news. More than 8 out of 10 US companies have codes of ethics and 98 per cent agree that an ethics and compliance program is an important part of corporate governance.

But a new report from Deloitte, Business Ethics and Compliance in the Sarbanes-Oxley Era, points to a worrying gap between rhetoric and practicelinks.



According to the report, only 75 per cent of the companies said they bothered checking to make sure everyone was complying with the code of ethics. Worse still, only 55 per cent had an ethics officer, full or part-time, and about 68 per cent bothered educating their employees on ethics.

Truth is most companies only seem to focus on ethics issues when there's a scandal.

Sure it's a good sign that more are adopting codes. But these documents can end up as meaningless without resources. CEOs and directors have to their money where their mouth is.

Otherwise, you could end up with something like Enron's code of ethics.





Permalink: Ethics: Talking the talk without doing
Tags: business  ethics 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/23744





RSSrss   | See all blog subscribe options
Google google   |   What is RSS?
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
Newsletter
Grouptivity

Use the search to look for other interesting posts



 
  • Advertise with us

  • Learn more about our advertising options or email advertising - at - creative-weblogging.com or give us a call at +1 (650) 331 4900.




  • Other blogs in the same channel in the Creative Weblogging Network







 

Tagcloud: Accounting boards of directors Compliance corporate crime corporate governance corporate reputation Ethics events executive pay litigation markets regulators risk shareholder activism SOX Sponsored Blog strategy