Turning Ethics Into Outcomes

by

Corporate Executive Board

Description:

It is now well understood, in boardrooms and beyond, that ethics and compliance lapses can be very costly. As with all risk management programs, teams across the organization should not attempt to eliminate all incorrect behavior, but rather to respond quickly to contain it. Even in the best environments, employees can and will fail to comply with key rules, policies, and laws. A proper ambition is to ensure that such incidents are rare and handled quickly before the problem compounds itself and associated effects appear. How can you move quickly? And how can it impact your organization's performance? Follow three steps that are based on findings from our four-year study of more than 500,000 employees within 125 companies worldwide.