Asked by Jason Rodriguez on Sep 28, 2024
What will happen to a firm found to be in violation if the company had proactively tried to prevent misconduct from occurring?
A) The government will rule that their actions were insufficient.
B) Penalties or fines may be reduced.
C) The firm will be forced to hire an ethics officer.
D) Regulators will charge the firm with criminal activities.
E) The firm will incur no punishment.
Proactively Tried
Refers to efforts made in anticipation to address potential issues or to capitalize on opportunities.
Prevent Misconduct
Measures or policies implemented to stop improper, unethical, or illegal actions within an organization.
- Recognize the principal legislative statutes that impact business ethics and corporate governance.
- Comprehend the importance of ethics programs and codes of conduct in promoting environments conducive to ethical business practices.
Learning Objectives
- Recognize the principal legislative statutes that impact business ethics and corporate governance.
- Comprehend the importance of ethics programs and codes of conduct in promoting environments conducive to ethical business practices.
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