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Why an ethics consultant? Here are a few considerations. You need someone who sees things differently, looks through a different set of glasses at situations and issues. You need someone who is a subject matter expert specifically trained in Ethics, Philosophy, etc. just as a compliance professional has extensive training for his/her…
In an article by Anne Federwisch on the Ethical Issues in the Financial Services Industry, she refers to the research of Ronald F.Duska and James Mitchell. It seems that these 5 issues can be the same issues in any number of industries. Here they are: 1.Self-interest sometimes morphs into greed and selfishness. 2.Some…
How can you improve your ethics training in 2017? Here’s a checklist to help you evaluate how your ethics training is going so far this year to help you evaluate your ethics training for the rest of 2017. I ask these questions, in particular, when evaluating the how I might be able help an…
1. Making clear the differences and likenesses between compliance and ethics, including the different approaches to training/education of each. 2. Compliance training needs to be ongoing, so must the approach, financial investment and how ethics compliments the compliance training initiative. 3. The understanding and the reality that compliance experts, have their…
Values, Virtues, and Leadership In these challenging times for many businesses, leaders need to periodically take a step back and spend time in reflection as to what their real influence is in their respective workplaces. Take time in the beginning and the end of each day to ponder on how well you’ve done in staying…
Wells Fargo was last week’s example of failed leadership and the lack of a moral compass. $185 million in fines and 5300 people fired. Whose responsibility was the oversight? This type of behavior will continue to happen unless companies stop “putting a bandaid approach to an artery problem.” Should companies work on finding ways…
Why is it that this phrase is the modus operandi for so many people when making serious and important decisions? Why is it that people settle for the lesser of two evils? Is the lesser of two evils an ethical decision? It seems that we have been conditioned to choose based on who or what…
I re-read Roy Snell’s article titled Compliance Officer’s Nine Lives. He commented that compliance officers must master some elements of 9 professions to be successful. They are Legal, Ethics, Risk, Audit, Investigations, Education, Organizational Development, Operations, and Communications. He goes on to say that the reason compliance programs are successful, is because compliance professionals…
In the recent article: Trust and Integrity: The Values of a Company’s Reputation, Michael Volkov states: “ A commitment to culture requires time and attention. When senior executives fail to understand the importance of ethics and compliance or balk at resources needed to carry out this function, a company will suffer. There will always…
In the recent article by Joe Thornell titled: 21st Century Leadership requires Moral Courage, the author states: “Moral Courage is in great demand today from our leaders”, and he identifies three elements of moral courage: 1.Strong, unwavering Core values that are in 100% compliance with the values of the organization. Accountability which seems to…
