The three elements include (1) the existence of a set of core ethical values infused throughout the organization in its policies, processes, and practices; (2) the establishment of a formal ethics program, including a code of ethics, ethics training, an ethics hotline, and an ethics officer; and (3) the continuous presence of ethical leadershipthat is, an appropriate 'tone at the top' as reflected by the board of directors, senior executives, and managers.

Are all 3 elements equally important or is one more important than the other?