GuideWell Source’s Post

The OCEG Ultimate Guide to Compliance & Ethics https://lnkd.in/gCT9ZDuW This Ultimate Guide addresses the Compliance & Ethics discipline by presenting the fundamental components of a compliance and ethics program, discussing good practice, and providing references to leading global sources of guidance and good practice information. We intend the guide to take much of the guesswork out of developing, managing, and improving a compliance and ethics program. In addition, for investors, underwriters, and other external stakeholders, the guide provides a tool to help evaluate information these programs and reward organizations that excel. The Ultimate Guide answers questions such as: How do compliance and ethics relate to each other and to GRC? What are the frameworks and practice guidelines around the world? How do we build an effective team and function? How do we best use technology for compliance and ethics? How do I make the business case for change? The Ultimate Guide describes ways in which the OCEG GRC Capability Model may be applied as you develop, implement, and continually improve your compliance and ethics program to build its effectiveness, efficiency, agility, and resiliency.

Ethics Rules of the Road: Ethics Rules of the Road define ethics as knowing right from wrong, following organizational policy, and remaining legally compliant. The program supplies examples of unethical behavior and explains how it can be useful to employ a stoplight metaphor to maintain high standards of moral conduct. #ethicstraining https://lnkd.in/gQ5ubRMW

Ethics and compliance are closely linked. If the ethics function is properly structured, it can enhance the compliance function. Companies need to make sure that collaboration between the two is effective. Companies should communicate clearly the difference between ethics and compliance to their employees, 'putting ethics first'. Companies that integrate ethics and compliance under the remit of the same function need to keep a clear separation between the two at the operational level. Senior leaders have an important role in promoting a values-led approach.

Ethics: The Guiding Compass of Organizational Excellence “Ethics is knowing the difference between what you have a right to do and what is right to do.” - Potter Stewart 🧭 In any organization, ethics are more than rules; they are the heartbeat of integrity and the essence of trust. 🌟 A Story of Integrity: In a dynamic office, a manager discovered a loophole. While it promised short-term gains, it compromised customer fairness. The manager chose the path of integrity, sealing the loophole and earning unwavering trust. 🏢💼🔒 Ethics isn’t just about compliance; it’s about building a legacy. It’s about decisions that safeguard the interests of all, guided by Harvey Mackay’s principle: “When in doubt, don’t.” 🛡️💡 As we navigate through complexities, let ethics be our compass, leading us to a future where our organizations are celebrated not just for success, but for honor and excellence. 🚀🎯

Business Ethics: Building Trust and Transparency in Compliance

Are we the only compliance & ethics people willing to discuss our Kooky selves? In this Week's Compliance and Ethics: Ideas & Answers, a little fun piece Being Your Own Kooky Self Mary Shirley, in her book, Living Your Best Compliance Life: 65 Hacks and Cheat Codes to Level Up Your Compliance Program, advises compliance and ethics people to be their “own kooky selves”, which helps to humanize them. When Adam Balfour, Mary and I got together to do a video about introverts attending C&E conferences, we compared notes about our kooky selves. I explained that my kookiness was being a dancer. I am an introvert and don’t look like a dancer, so it surprises people. Mary picked one of many quirks and reported that she is a big “Hello Kitty” fan, including having that logo on her phone. But the award for most kooky, without question, goes to Adam. When he was younger Adam juggled knives – actual things with sharp points that for the rest of us our parents told us to avoid. Of course there had to be jokes about knife juggling being perfect preparation for working in the compliance field. What about you? Do you cherish your kooky self and share it with others? Cheers, Joe - Editor, Compliance and Ethics: Ideas & Answers  https://lnkd.in/emk_2-_x

Protection Ethics A boss protecting subordinates for the mistake... A subordinate protecting company data for the mistake of a boss Protection becomes a key pre-requisite for almost any living or non-living entity in this universe.. We wish to protect environment but may not really wish to get into a jungle for discussing this issue... and possibly we may just sacrifice a tree to give more space for constructing some concrete.. Ethics get very subjective... So what governs an ethic? Doing one's duty using one's own moral principles. Protection clarity comes from that... Whether it is AI algorithm or data security or data governance or environment protection or any entity protection, once we begin understanding that all are equals in eye of Divine Supreme, everything becomes important... Hence Asset based risk assessment systems which are transparent, well explained and documented can resolve multiple questions around Protection ethics.. Is it application to personal life? Documenting notes begin bringing clarity to what we felt ethical at which part of our life and what positive results it yielded.. Hence we have Ethics as a subject which becomes mandatory in almost all books of knowledge

Ethics are a set of moral principles that govern a person's behavior. It can be disheartening to witness unethical behavior, especially when someone is proud of it. Taking a stand and sending a clear message about the unacceptability of such conduct is important not only for our own integrity but also for setting a standard for others. Ethics indeed guide our behavior in both personal and professional settings, helping us navigate the complexities of right and wrong, especially in those grey areas we come across. It's also crucial to hold ourselves and others accountable for our actions, reinforcing the importance of ethical behavior in creating a fair and just environment.

The importance of Ethical Behavior...

Ethics are the moral principles that guide our behavior, decisions, and actions. They are based on the concepts of right and wrong, good and bad, and fairness and justice. Ethics plays an important role in all areas of our lives, from our personal relationships to our professional careers. In today's world, ethics are more important than ever. We live in a time of great change and uncertainty, and ethics can provide us with a sense of stability and direction. They can help us to make good decisions, to build strong relationships, and to live a fulfilling life✨