Managing Ethics and Legal Compliance

Complete AllSKIP AllTips for Task 3 Sections A–D: Legal and Regulatory Requirements
A. Be sure to choose a code of ethics from the list provided.

1. As you review the code of ethics, look for coverage of social responsibility and law, and facilitation of an ethical culture. How well does the code cover these areas? Please note: code of ethics information is also located prior to Task 1.
   2a. What are the ramifications for an organization if it is not compliant with legal mandates?
   2b. Does the code of ethics offer any information about ethical or legal safeguards the organization has in place to prevent unethical or illegal acts? If so, choose two that you would like to discuss in Section A2b. If not, think of two the organization could put into place.
2. What does the code of ethics say about the process an employee would go through to raise an ethical concern? What are some resources available to employees for raising an ethical concern? Which one or ones would you most likely use, and why?
   B. 1. If an employee has discovered that serious misconduct has occurred at work, what are some factors that employee would want to consider when determining whether to blow the whistle on that misconduct?
3. Reflect on the reporting process an employee would need to follow to blow the whistle. Be sure to include both internal and external reporting steps.
   C. Reflect on the advantages and disadvantages of the government’s practice of offering payment as a reward to whistleblowers. Jot down the basic provisions of one of the whistleblower laws covered in the course (the False Claims Act or the Dodd-Frank Wall Street and Consumer Protection Act).
   D. Think about how the U.S. sentencing guidelines have changed the way organizations operate. How might an organization do things differently because of the guidelines? What types of policies and procedure might an organization put in place to ensure compliance?
4. Review the aggravating and mitigating culpability factors. Choose three to discuss.
   Legal and Regulatory Requirements
   Numerous statutory laws are examined to preview the legal framework within which an ethical leader should operate.
   This topic addresses the following competency:
   • Competency 3008.1.5 Legal and Regulatory Requirements
   The graduate analyzes applicable legal and regulatory requirements to determine whether organizations meet legal responsibilities.
   This topic highlights the following objectives:
   • Identify common legal and ethical safeguards employed by business organizations.
   • Describe the implications of noncompliance with legal mandates.
   • Explain the regulations that apply to whistleblowers.

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Complete AllSKIP AllRead Chapter 6: “Managing Ethics and Legal Compliance”
This section reviews applicable statutory law and its implications for organizational leaders.
Review the following section in Chapter 6: “Managing Ethics and Legal Compliance”:
• “Structuring Ethics Management” (pages 218-224)

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CompleteSkipRead Chapter 4: “Addressing Individuals’ Common Ethical Problems”
The regulations that apply to whistleblowers, including the False Claims Act, the Sarbanes-Oxley Act (SOX), and the Dodd-Frank Wall Street Reform and Consumer Protection Act, are addressed in this section. Each of these laws has implications for whistleblowers.
Review the following section in Chapter 4: “Addressing Individuals’ Common Ethical Problems”:
• “How to Blow the Whistle” (pages 146-150)
View the following instructor video to learn more about whistleblowing and prepare for Task 3.
• “Whistleblowing” (2:34)

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CompleteSkipAppendix
Review page 253, Appendix (“How Fines Are Determined under the U.S. Sentencing Guidelines”), of Chapter 6: “Managing Ethics and Legal Compliance” to further your knowledge of these guidelines.

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CompleteSkipApply Your Knowledge Exercise: Discussion Question
This exercise helps prepare you for Section C of Task 3. By completing this exercise, you will be able to reflect on the government’s practice of rewarding whistleblowers.
Answer discussion question 14 on page 151 of Chapter 4: “Addressing Individuals’ Common Ethical Problems” to test your knowledge of whistleblowing.