Asked by Camay Bhakoo on May 11, 2024
Verified
One of the steps the U.S. Sentencing Commission delineated companies must implement to demonstrate due diligence is that a firm must develop and disseminate a code of conduct that communicates required standards and identifies key risk areas for the organization.
Code of Conduct
A set of guidelines designed to outline acceptable behaviors and ethical standards for members of an organization or profession.
U.S. Sentencing Commission
An independent agency of the federal judiciary responsible for establishing sentencing policies and practices for the federal courts, including guidelines for corporate crimes.
Due Diligence
The comprehensive investigation or exercise of care that a reasonable business or person is expected to take before entering into an agreement or contract.
- Recognize the value of ethical compliance programs in averting and discovering corporate infractions.
Verified Answer
Learning Objectives
- Recognize the value of ethical compliance programs in averting and discovering corporate infractions.
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