Week 1 Assignment – Ac573

Topics: Ethics, Business ethics, Morality Pages: 5 (1446 words) Published: July 16, 2011
Week 1 Assignment – AC573

Trusted Criminals Text

#5. Identify the principal agents who expose white collar crime in contemporary society. What factors motivate people to expose such crime, and what factors inhibit them from doing so? What specific policy measures can be adopted to encourage exposure of white collar crime?

White collar crime, as a rule, is less visible than conventional crime. A white collar crime, by definition, is a non-violent act involving deception, typically committed by a business person or public official. lawyershop.com A criminologist blames economic recession and complex financial system as major reasons for the rising white collar crimes in the U.S. “In huge numbers of cases, people are not aware that they have been victims of white collar crime, for example, subjected to illegally spewed out pollution, or that they have purchased products that are unsafe, or that they have been subjected to corporate price fixing, or to the consequences of commodity speculation, which is believed to be one significant factor in driving up the cost of gasoline at the pump.”

“Witnesses” of white collar crime who often do not realize that a crime has occurred , may be confused about what to do in response to it. And our traditional frontline enforcement agencies ha not been organized to monitor and respond to white collar crime. In this case principal gents who handle such cases play an important role in white collar crime.

Informers & Whistle Blowers:

Ethics Text

#6. How can corporations ensure that their employees behave ethically?

An ethical culture should be a top priority of every business, large or small. The challenge for many organizations is trying to understand what it takes to build one. From an enforceable code of conduct, to ongoing training and communications, to an anonymous reporting hotline, companies can quickly implement ethics and compliance programs and solutions that foster an ethical culture across the enterprise.

In many companies today, management is dealing with a hodge-podge of different personalities, belief systems, backgrounds, ethnicities and politic affiliations. These are just a few things that may impede creating a single unified system of ethics. While many may say that right and wrong is what should ultimately determine the culture, others will argue that what is right for the majority may not be right for the minority.

Having an ethical culture is an important component to running an effective business today. In fact, with the current state of legal and industry regulations, from Sarbanes-Oxley to HIPAA, not only is having an ethical culture a good idea, it is now practically a requirement. Developing an ethical culture will take more than creating a list of company dos and don’ts; although that list will help. It will take more than issuing a code of conduct via email to a new hire; although that too will help. What it will take is a combination of things. On this page, we focus on the top six steps that have the most effective and direct impact on establishing an ethical culture.

The six steps are as follows:

1. Establish an enforceable code of conduct
2. Initial and ongoing training
3. Regular communications
4. Anonymous reporting hotline
5. Enforcement/Action
6. Rewarding employees that live the culture

1. Establish an Enforceable Code of Conduct

A code of conduct, often referred to as a code of ethics, is the foundation of any ethics program. The code of conduct should not be designed as a reaction to past missteps. An ethical culture is built upon the proactive efforts of the organization. The development of the code of conduct should be led by those at the top of the company, and should also include employees in the process.

2. Initial and Ongoing Training

There is a phrase that has been used many times when it comes to training:

“The day we stop learning is the day we die.”...
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