Beruflich Dokumente
Kultur Dokumente
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1-1
Chapter Objectives
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Compliance vs.
Values-Based Cultures
Differences in Goals
Ethical business leaders not only talk about ethics and act ethically on a personal
level, but they also allocate corporate resources to support and promote ethical
behavior.
There is a long-standing credo of management: budgeting is all about values.
More common versions are: put your money where your mouth is, and walk
the talk.
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1-6
4-7
1-7
4-8
1-8
Building a Values-Based
Corporate Culture
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In the absence of other values, the only value is profit at any cost.
Without additional guidance from the top, a firm is sending a clear
message that a worker should do whatever it takes to reap profits.
A code of conduct then may more specifically delineate this foundation
both for internal stakeholders such as employees, as well as external
stakeholders such as customers.
The code has the potential to therefore both enhance corporate reputation
but also provide concrete guidance for internal decision-making, thus
creating a built-in risk management system.
The vision can be inspiring should be inspiring.
By establishing (especially through a participatory process) the core
tenets on which a company is built, corporate leadership is effectively
laying down the law with regard to the basis and objectives for all future
decisions.
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The second step in the development of guiding principles for the firm is
the articulation of a clear vision regarding the firms direction.
The third step in this process is to identify clear steps as to how this
cultural shift will occur. You need to have processes and procedures in
place that support and then sustain that vision.
Finally, to have an effective code that will successfully impact culture,
there must be a belief throughout the organization that this culture is
actually possible, achievable.
If conflicts remain that will prevent certain components from being
realized, or if key leadership is not on board, no one will have faith in
the changes articulated.
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Reporting Structures
Impact on Culture
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1-12
After examining this Chapter, you should have a clear understanding of the
following Key Terms and you will find them defined in the Glossary:
Code of Conduct
Compliance Environment
Culture
Ethics Officers
Federal Sentencing Guidelines
Mission Statement
United States Sentencing Commission
Values-based Organization
Whistleblowing
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