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    Ethics & Compliance Insights   
May 2004 
   

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Employee Complaints: The Other Side of the Pendulum
Companies want employees to report violations, but what happens when the pendulum swings too far in the other direction -- when an employee cries wolf?
 In the News

Public and Private Cos. Reveal True Cost of SOX Compliance
Two comprehensive surveys by law firm Foley & Lardner unveil the true cost and financial impact of governance reform among both public and private companies. Among the findings, private firms said the average cost of compliance was $50,000 in 2003, whereas public companies reported costs close to $3 million.

Amendment Tightens Corporate Compliance Requirements for Ethics Programs
The U.S. Sentencing Commission has sent to Congress significant changes to the federal sentencing guidelines for organizations. The amendment tightens the criteria an organization must follow in order to create an effective compliance and ethics program.

KPMG: Male Finance Execs Fit the 'Profile of a Fraudster'
Long-serving, male executives are most likely to commit company fraud, according to a new study by KPMG Forensic. In addition, there is a 40 percent chance that the fraudster is from the finance department and a greater than 50 percent chance that he's pilfering with the help of a colleague.

 Spotlight
Integrity Toolkit
Working Values is pleased to introduce the Integrity Toolkit, an ethics and compliance training suite designed to meet the specific needs of organizations facing Sarbanes-Oxley requirements, while at the same time providing a platform for building a broader ethics and compliance initiative.

See also:
Internal Controls & Integrity-Based Business Processes
This online course features Working Values President, David Gebler, who details how a company's focus on integrity-based business processes will have an impact on the effectiveness of its internal controls.
Contact us for complimentary access to this online course.

FREE QUIZ
Integrity Scorecard
Ready to meet the ethical challenges of the post-Enron era? Take the quiz.



Responsible Executive Compensation for a New Era of Accountability*
A definitive road map to help companies assess and refine their executive reward strategies. Read an excerpt and view the table of contents.
*Save 20% when you click from this newsletter.



Ethics & Compliance Resources
Visit SmartPros' ethics and compliance site for news, resources and much more!

 


About Working Values
Working Values Ltd., a SmartPros company, has been a proponent of the truly ethical workplace, promoting values-based ethics since its founding in 1993. Working Values contends that while articulation of standards can set goals, standards alone cannot change behaviors. To achieve this necessary change and ensure systems that will propagate continuing ethical behavior, companies must evolve from rules-based – or end-result focused – ethics to values-based ethics, where ethics as an ongoing process, with an emphasis on an integrity-based control environment.

Working Values helps organizations change employee behavior through the Integrity Alignment Process and Integrity Toolkit. The Integrity Alignment Process is a comprehensive integrity assessment and planning process. One of the key elements of the Integrity Alignment Process is the Integrity Toolkit, which provides a company's leaders with tools for building comprehensive integrity programs. The Toolkit includes corporate communications templates, training and development programs for employees, managers, and senior leaders, and guidance on business process improvement. Through these unique offerings, Working Values serves as an integrity coach to its clients, helping them to narrow their Behavior-Standards Gap.


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