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Organizational Ethics and Integrity

Start
21/09/2020 9:00 am
End
22/09/2020 5:30 pm
Duration
2 Days

Organizational Ethics and Integrity

RM2,500.00

Business success today is not just about profit and Returns on Investment. Ethical principles now provide the foundations for various modern concepts for work, business and organization, which broaden individual and corporate priorities far beyond traditional business aims of profit and shareholder enrichment. Also, due to the increasing number of regulations and need for operational transparency, organizations are increasingly adopting the use of consolidated and harmonized sets of compliance controls. This approach is used to ensure that all necessary governance requirements can be met without the unnecessary duplication of effort and activity from resources. Reinforcing ethical principles and educating employees about compliance with the law are ongoing and important responsibilities. An organization is only as ethical and compliant as its officers, managers and employees. Ethics and compliance training is helpful for encouraging appropriate behavior, setting expectations, demonstrating the organization’s commitment, and informing employees of laws or regulatory principles that may not be common
knowledge. Integrity and scruples not only keep us out of court and out of prison, but they are good for business. One study found that companies making “an explicit commitment to doing business ethically” have produced profit/turnover ratios at 18% higher than those without a similar commitment. Conversely, a bad reputation can ruin a business – ethics and compliance training is how an organization can avoid that.

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