Assignment: Ethics Reporting System
30 Pages1133 Words56 Views
Added on 2021-06-07
Assignment: Ethics Reporting System
Added on 2021-06-07
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Seminar in Business EthicsChapter 8 | Ethics Reporting System
By the end of chapter we will be able toDescribeDescribe the negative outcomes whistleblowing has on both the whistle-blower and the organizationManageManage an assist line to receive employee complaints by telephone or InternetEstablishEstablish an ombudsman positionCreateCreate an ethics & compliance officer (ECO) positionAdministerAdminister an internal reporting system for ethical issues
This chapter explores three internal communication mechanisms for obtaining information about unethical behaviourEthics & compliance officer (ECO)An ombudsmanAn assist line
Why employees see unethical conduct, but often don’t do anything about it•According to National Business Ethics Survey these are the main reasons:•59% believe no corrective action will be taken•46% fear retaliation•39% fear no anonymity•24% assumed someone else would report it•18% did not know who to contact
Ethics & Compliance Officer (ECO)
Ethics & Compliance Officer (ECO)The ECO’s primary duty is to manage the organization’s internal reporting system. Giving ethics high visibility demonstrates a good faith effort to enhance ethics within the organizationSome organizations assign a dedicated ECO for this roleOthers assign it as a side task to one of the existing high-level employeesSome organizations make it a centralized role, so the ECO manages all ethical activities and its reporting systemOthers make it a decentralized job, so the ECO gives the oversight, but every department or locations creates their own ethical activities
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