Compliance and Ethics Programs Are Necessary

Major corporate scandals can be prevented if organizations have an effective compliance and ethics program, according to 55 percent of the 540-plus ethics and compliance officers who recently completed an Open Compliance and Ethics Group (OCEG) online poll.

A much larger majority of poll respondents (90 percent) indicated that even "organizations with a strong ethical climate and a well-trained workforce" still need to run a formal compliance and ethics program.

By the way, OCEG's "Redbook 2.0" compliance handbook can be downloaded by providing some information at the site. Although the nearly 200-page document is yet to be finalized, it provides an abundance of practical GRC information, including thorough guidance, packed with practices and sub-practices, for creating and operating a formal ethics and compliance program.