The defendant is a highly respected corporation with no record of civil or criminal acts by its
Question:
The defendant is a highly respected corporation with no record of civil or criminal acts by its employees. Hanna, the CEO, suggested to the board of directors that the company should have an ethics and compliance program, including a published code of ethics and a new position for a compliance and ethics officer responsible for conducting periodic training sessions in legal compliance and corporate ethical values. Hanna would like to see a flow of information concerning legal compliance and ethical issues running directly to the board of directors. Edward, the chairman of the board of directors, opposes Hanna’s suggestion. He and the majority of the board members base their objections on the company’s perfect record of legal compliance, and they want to leave “well-enough alone.” What is your advice to the CEO and to the board of directors?
Step by Step Answer:
The Legal And Ethical Environment Of Business
ISBN: 9781454893028
2nd Edition
Authors: Gerald R. Ferrera, Mystica M. Alexander, William P. Wiggins, Cheryl Kirschner, Jonathan J. Darrow