The CREO office has multiple core functions. These need to be maintained year-on-year. While various stakeholder issues may cross the CREO's desk, it is important these core functions receive sustained attention.

The first thing a CREO must do on taking a new position (and particularly one in which you are the first CREO in a firm) is a risk assessment. This survey of the firm allows you to identify potential areas of ethics and compliance risk and, therefore, potential areas for you to focus on first as you begin your work.

After the risk assessment, there are a number of other equally important initiatives that you will need to do to set up the CREO office. Consider the following practices and policies and decide where you would like to invest time and funds this year.

None of these activities have been implemented previously at K-Tai, Inc. As such, you will need to pay all set-up costs. You should enact those proposals that you feel are necessary and may be useful from the following list. Remember that your total budget for employees and operations cannot exceed your budget for this year.

Comprehensive risk assessment covering all aspects of operations (domestic and international): 10 employees +$100,000 Preliminary risk assessment (domestic and international): 10 employees +$75,000 Comprehensive risk assessment (domestic only): 5 employees +$50,000 Preliminary risk assessment (domestic only): 5 employees +$25,000 Elect not to do a risk assessment based on your experience at the firm so far and your belief in the CEO/Board's commitment to a culture change at K-Tai, Inc. Ethics code: Draft and distribute online only: $75,000+2 full-time employees Draft and distribute both printed and online: $150,0004 full-time employees Draft and distribute printed code: $100,000+3 full-time employee No action now in order to get to know company culture before drafting a code No action because other issues are more pressing Ethics training: Train board, executives, and senior management: $75,000+4 employees Train board only: $25,000+2 full-time employees Train executives and senior management: $50,000+3 full-time employees Train all employees (incl. executives and board): $150,000+6 full-time employees No action because ethics in the workplace is too subjective to address with a simple training program No action because other issues are more pressing Ethics helpline (to report possible ethics violations): Run helpline in -house, avallable to both internal and external stakeholders: 5100,000+4 fult-time employees Run helpline in-house, available to internal stakeholders only: $50,000+3 tul-time amployees Outsource helpine (for guararteed anonymity), avallable to both internal and extemal stakeholders: Outsoutce heipine (for guaranteed anonymity). $200.000+2 fult-time employoes to coordinate Outsource heiptine (for guaranteed anonymity), availabie to internal stakeholders only: $150,000+1 kilt-aime Outsource heipine for gyas No action because i neod to understand the nature and extent of transgressions being cormmitted before dedicating resources to a solution No action because other issues are more pressing Ethics helpline (to report possible ethics violations): Run helpline in-house, available to both internal and external stakeholders: $100,000+4 full-time employees Run helpline in-house, available to internal stakeholders only: $50,000+3 full-time employees Outsource helpline (for guaranteed anonymity), available to both internal and external stakeholders: $200,000+2 full-time employees to coordinate Outsource helpline (for guaranteed anonymity), available to internal stakeholders only: $150,000+1 full-time employee to coordinate No action because I need to understand the nature and extent of transgressions being committed before dedicating resources to a solution No action because other issues are more pressing Supply chain code of conduct: Prepare code for suppliers and distributors: $75,000+4 full-time employees Prepare code for suppliers only: $50,000+3 full-time employees No action because K-Tai should not be held responsible for the actions of its supply chain partners No action because other issues are more pressing Supply chain audits (to thsure code of conduct is followed): Conduct audit using an NGO partner: $75,000+1 full-time employee to coordinate Conduct audit using professional consultants: $200,000+1 full-tme employee to coordinate Conduct audit using K-Tai's accountants: $150,000+1 full-time employee to coordinate No action because K-Tai should not be heid responsible for the actions of its supply chain partners No action because other issues are more pressing Budget summary Total stalt: 0 Statl required for initiative decisions: statt availble for stakeholder issues: Staff costs: 5 inimative costs: 5 Total conts: $ Curtent budget: $2,000,000 Budget aralutile: $2,000,000