October 2005 View past newsletters Rate this newsletter
Survey Says: Culture Matters The 2005 National Business Ethics Survey is welcome confirmation of the trends we have been seeing: if an organization wants to reduce the risk of unethical conduct, it must focus more effort on building the culture than on building a compliance infrastructure. -- By David Gebler Working Values Launches Ethics & Culture Risk Assessment Tools Dear Reader: Working Values now offers a Rate this newsletter option for each edition of Ethics & Compliance Insights. You'll find this link above, next to "View past newsletters." We welcome and value your opinions and ideas, and hope you take the opportunity to let us know what you think.  In the News Payouts Before the Fall: Refco Insiders Received $1B in Cash In the year before Refco sold shares to the public and then made the fourth-largest bankruptcy filing in U.S. history, insiders at the company received more than $1 billion in cash, according to Refco's financial statements. Ethical Lapses Go Unreported Nearly a third of U.S. workers have witnessed co-workers engage in ethical misconduct, according to a Hudson survey on workplace ethics. However, only half of those witnessing unethical or illegal acts reported it to anyone in authority. Cox: SEC Prepared to Deal With Fraud The chairman of the U.S. Securities and Exchange Commission Christopher Cox said the agency is better prepared than ever to police against financial fraud. ACFE Chair: 'CPAs Ignorant About Fraud' "As a group, CPAs are neither stupid nor crooked. But the majority are still ignorant about fraud," said Joseph Wells, the founder and chairman of the Association of Certified Fraud Examiners. Opinion Poll Does your company use an integrity or personality test to screen job applicants?  Early Results:   Yes 6%    No 69%   Not sure 25%  Spotlight New Ethics & Culture Risk Assessment Tools Working Values is pleased to introduce two new Web-based assessment tools to help organizations assess and address their integrity risks: Ethics Risk Assessment   Culture Risk Assessment	Working Values Gets a Facelift Check out our new site! Tales from the Water CoolerTM (PDF) A series of five-minute Learning Moments to keep ethics in mind all year long. Not-for-Profit Audit Committee Best Practices *Save 20%: Use code aff20. How can not-for-profit organizations be sure they play by the rules when the rules aren't clear? More

About Working Values Working Values, Ltd., a SmartPros company, has earned a reputation as a worldwide leader in helping organizations align workplace behavior with their values and standards. We take clients beyond generic compliance to create ethics initiatives that address their unique cultural attributes. The results are learning and communication programs that are meaningful to employees' daily lives, and result in meaningful changes to the organization and how others regard it.
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