With compliance still high on the regulatory agenda of many firms, how can corporate leaders ensure employees continue to practice the documented business ethics?
- Walk the ethics walk – by example – and keep walking it.
- Practically demonstrate higher standards than expected of employees
- Establish a zero-tolerance environment for dishonesty
- Encourage employees to ask questions
- Do only what you would accept from the general workforce.
- Write ethical conduct into role profiles and evaluate and reward honest conduct, annually
- Implement an unbiased and genuine whistleblowing policy and helpline
- Review and act upon exit interview notes of departing employees
- Examine online employer review sites to find out what employees are too scared to tell their managers
- Be transparent. A transparent organisation is a compliant organisation
None of the above tips cost as much as having to pay regulatory, legal or associated costs for a compliance policy that is documented, but practised on ink and paper only.
Compliance does not have to cost much more than decisive visible leadership action.