Chapter 11: Managing ethics internally

Ethics officers are primarily responsible for ensuring that a firm’s board of directors is ready to train the rest of the firm in the company’s code of conduct.
1. True
2. False
An ethics programme can help avoid legal problems.
1. True
2. False
A code of ethics is the most comprehensive code of conduct.
1. True
2. False
Codes of conduct and codes of ethics
1. are formal statements that describe what an organization expects of its employees.
2. become necessary only after a company has been in legal trouble.
3. are designed for top executives and managers, not regular employees.
4. rarely become an effective component of the ethics and compliance program.
Which of the following is NOT one of the primary elements of a strong organizational compliance program?
1. A written code of conduct
2. An ethics officer
3. Significant financial expenditures
4. A formal ethics training program