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Lapsed Priorities: New Survey reveals lack of focus on bribery and corruption

If the following survey results are any indication, a betting man would be doubling down on increased FCPA cases in 2016.

The study by international law firm Hogan Lovells and reported in the International Business Times highlights that, for over half of multinational companies, fighting bribery and corruption does not feature as a main priority.

The piece reveals that old habits die hard. A focus on short term sales goals, making deadlines/sales quotas and operating in areas where bribery runs rampant contribute to a casual attitude towards maintaining ethical behavior and staying true to internal values and external regulations.

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Week That Was in Ethical Systems, 5/12/14-5/25/14

More Evidence That Compliance & Ethics Education Clash, in Compliance Week Ethical Systems contributors Max Bazerman and Francesca Gino have published a new paper on the differences between "values-oriented" and "structure-oriented"…
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Report: Compliance Program Effectiveness Index

Culture and ethics advisory firm LRN has released its annual report on compliance program effectiveness, correlating a measure it calls PEI with observed outcomes over the last three years. As you can see from Figure 1, about two-thirds…
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Week That Was in Ethical Systems, 5/5/14-5/11/14

Ethical behavior is just smart business, in The Boston Globe When we talk about ethics, we sometimes focus on the moral implications of a particular role in business. One role that is often overlooked is that of the customer. This…
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Five Key Features of a Good Ethics and Compliance Program

There's a lot of momentum in the corporate world for creating real and effective ethics and compliance programs (spurred on by the incentives in laws such as the Federal Sentencing Guidelines). There's a lot of wisdom on how to create effective…
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Teaching Business Ethics Through Fiction

Harvard Business School professor Joseph Badaracco teaches a course titled "The Moral Leader," in which he has defined leadership as "a struggle by a flawed human being to make some important human values real and effective in the world as it…
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Week That Was in Ethical Systems, 4/28/14-5/4/14

Is Ethics Winning in Business? Chart Points to That Trend, in The Wall Street Journal The Dow Jones Risk & Compliance annual anti-corruption survey indicates a decrease in the number of companies reporting they lost business to an…
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Week That Was in Ethical Systems, 4/14/14-4/27/14

Today we have a roundup of articles from the past two weeks: Making Use of Non-Financial Disclosures, in The Wall Street Journal A recent survey found that 9 out of 10 investment professionals said non-financial disclosures (e.g.,…
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Raising a Moral Company

Ethical Systems contributor Adam Grant wrote in the New York Times last week about how to raise a moral child. Drawing insights from several psychological studies, he came away with three primary suggestions: Praise good character,…
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Week That Was in Ethical Systems, 4/7/14-4/13/14

The Morning Risk Report: What is Corruption? in The Wall Street Journal In his ruling in a major Supreme Court decision issued two weeks ago, Chief Justice John Roberts wrote that the only form of corruption under the law is outright…