Legal Environments of Business
Legal Environments of Business
For this paper, please prepare a short overview of corporate compliance and ethics programs (no more than 2 pages), and then answer the following questions:
While under applicable law, C&E programs are intended to promote ethical as well as law-abiding (compliance) behavior, as a practical matter much more attention is generally by companies paid to compliance than ethics. Does too great an emphasis on corporate compliance “crowd out” corporate ethics? (about 1 page)
Is the deterrence model that provides the key motivator for C&E programs flawed due to the operation of what could be considered “C&E moral hazard” (i.e., managers reap the benefits of crime but the costs of non-compliance — which tends to be prosecuted years after the offense, when the managers may have left the company — are borne by shareholders?) (about 1 page) Do C&E programs do enough to prevent/address misconduct by high-ranking corporate officials or is C&E, as practiced, mostly for “the little people” in a company? (about 1 page) What are the attributes of an effective C&E program?
In this regard, please outline the C&E program that you would recommend for your corporation if you were asked to propose a program. (no more than 3 pages).
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