Ethics & Compliance Insights

April 2005

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Is Your Hotline a Joke? Installing a hotline may seem like an easy and tangible solution that will meet regulatory requirements. But companies need to ensure that anonymous reporting is seen as an integral part of an overall ethics and compliance solution. -- By David Gebler  In the News Report: SOX Compliance Should Not Rest Solely With CFO Companies that involve much of the organization in their Sarbanes-Oxley review process are experiencing lower costs and increased profits, according to a new report. New Federal Guidelines Add Compliance, Ethics Oversight to Board Responsibilities A recently adopted federal amendment is likely to give some individuals pause before accepting board of director positions, according to Chicago-based AMCinstitute. SEC Rejects Call to Weaken Anti-Fraud Law The Securities and Exchange Commission said it was weighing changes to reporting requirements for companies but rejected calls to weaken a landmark anti-fraud law. PCAOB Proposes Internal Control Standard The Public Company Accounting Oversight Board voted to propose for public comment a standard that would apply when auditors report on the elimination of a material weakness in a company's internal control over financial reporting. 'Enron' Debuts on Big Screen The new documentary film, "Enron: The Smartest Guys in the Room," based on the book by the same name, will be in theaters nationwide April 29. Ethics Workshops Kick Off in May Starting in May, the Society of Corporate Compliance & Ethics (SCCE) will be holding several workshops across the nation on business conduct and governance and compliance issues.  Spotlight CNBC "Power Lunch" Features Working Values CEO David Gebler David Gebler, CEO of Working Values, recently appeared on CNBC's "Power Lunch" to discuss the Boeing board of directors' decision to oust chief executive officer Harry Stonecipher. Watch the segment online (req. Windows Media Player) Read a recap on SmartPros

Understanding the Behavior-Standards Gap In some companies, behavior may be at odds with stated goals. Learn more about this gap. Codes of Business Conduct A dynamic code of business conduct is a keystone for an ethical culture. See how we can help or contact us. Introducing the Integrity Training Center Online courses for individuals and also available for group study. Beyond Governance Beyond Governance: Creating Corporate Value through Performance, Conformance and Responsibility Info *Save 20%: Use code W5559.

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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