Why your Organization may need an Ethics Consultant.
I was having a conversation a week ago with the General Counsel for a major Pharmaceutical company and he was explaining to me the very comprehensive compliance training that they require of all their employees yearly. I then asked him, how much of that training was in ethics? He thought for a minute said, “that is a very good question……… none!”
NONE???
Then, I learned from talking with other compliance execs from the same company, that the corporate culture views ethics training as an expense rather than as an investment. Why? Because that type of training doesn’t increase the bottom line of the company they said. Yet, they tout how important values are, how they expect their employees to act accordingly for the good of the patient and company yet the attitude towards ethics training is a line item that can be done way with because it, seemingly, produces no profit. This is a perfect case of lip service to values/ethics and their importance.
Preach it but don’t educate/train on it. What does this reveal about this compliance department’s view of ethics training
I thought that companies, by in large, were beyond this type of shallow thinking about the investment of ethics training. How does a company, a compliance professional , a compliance department get beyond this type of” dollars and cents thinking” and see the real contribution that quality ethics training can make including affecting the bottom line
Is your ethics training an expense or an investment? Either way there is a price to pay!
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