Despite the best attempts of corporate compliance officials, boards of auditors, administration, and regulators, corporate misconduct continues to plague our markets. In this thought-provoking installment of Accounting Matters, we claim that efforts to fight fraud along with other forms of corporate misconduct have failed, in part, because of the orderly approach applied toward a problem which is atypical, complicated, and goes well past the boundary of the business.
By drawing upon the research in area of behavioral ethos to imply a brand new strategy that does more than just pressure control systems that are proper, we illustrate how executives may reinforce organizational ethics through everyday practices that work in the 'bottom up' as well as the 'exterior in.' The review comprises practical recommendations regarding the best way to create shared responsibility for ethical leadership, the best way to empower employees to achieve both economical and ethical ends, the way to enlist the aid of key stakeholders in identifying issues until they grow and propagate, and how you can redesign conformity practices to handle the complicated nature of corporate misconduct.
PUBLICATION DATE: July 15, 2014 PRODUCT #: BH623-PDF-ENG
This is just an excerpt. This case is about ORGANIZATIONAL DEVELOPMENT
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