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    Ethics & Compliance Insights   
August 2004 
   

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How to Get Employees to Take Ethics Training Seriously
It's one thing to develop engaging training programs that are interactive, fun, and full of energy. It's another to expect that a fun program in and of itself is going to draw the attention of busy employees and managers that have too much on their plates already.
 In the News

SOX Compliance Cost Estimates Soar 62%
Complying with Section 404 of the Sarbanes-Oxley Act will cost public companies more than previously anticipated, a new FEI study shows. The total cost of compliance is now estimated at $3.14 million, or 62 percent more than the $1.93 million estimate identified in FEI's January 2004 survey.

Nortel Downsizes Again
Problem-plagued Nortel Networks Corp. announced plans to eliminate an additional 3,500 jobs and fire seven more senior executives as the company labors to reinvent itself as it navigates an accounting scandal that has already cleared out the executive suite.

Global Center Issues Call for Nominations
The Global Center for Leadership & Business Ethics, an independent body established by accounting firm KPMG, is now accepting nominations for the Laureate Award & Medal Series, according to the Center's recently appointed chairman.

Financial Execs Support Stock Option Expensing, Global Standards
The majority of U.S. senior financial executives are in support of stock option expensing and global accounting standards, according to a recent survey conducted by accounting firm Grant Thornton LLP.

 Spotlight
Creating a Climate of Compliance*
David Gebler, President of Working Values, examines how the "carrot and stick" approach of the proposed federal sentencing guidelines revises the criteria a business must follow to create an effective compliance and ethics program.


*This two credit online CPE course is available in the Professional Education Center for individuals, and may also be packaged in a corporate training program from Working Values. Contact us for details.



The Integrity Alignment Process
Discover how to develop an integrity-based culture engaged in best practices that promote ethics awareness, ethical leadership and effective corporate governance. Learn more.



The ROI of Integrity
Discover a Return on Integrity that has concrete effects on your bottom line.



Flexible Leadership*
Concrete suggestions for guiding your organization through changing conditions and challenges. Info *Save 20%


FREE ONLINE COURSE
Internal Controls & Integrity-Based Business Processes
Learn how to improve the effectiveness of internal controls. Free online course.

 


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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