No Result
View All Result
SUBSCRIBE | NO FEES, NO PAYWALLS
MANAGE MY SUBSCRIPTION
NEWSLETTER
Corporate Compliance Insights
  • Home
  • About
    • About CCI
    • Writing for CCI
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Career Connection
  • Events
    • Calendar
    • Submit an Event
  • Library
    • Whitepapers & Reports
    • eBooks
    • CCI Press & Compliance Bookshelf
  • Podcasts
  • Videos
  • Subscribe
  • Home
  • About
    • About CCI
    • Writing for CCI
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Career Connection
  • Events
    • Calendar
    • Submit an Event
  • Library
    • Whitepapers & Reports
    • eBooks
    • CCI Press & Compliance Bookshelf
  • Podcasts
  • Videos
  • Subscribe
No Result
View All Result
Corporate Compliance Insights
Home Ethics

The Only Way is Ethics

by Michael Kayser
July 10, 2017
in Ethics, Featured
3D letters spelling ethics

Morals and Morale in the Workplace

There’s a degree of trust at every level of an organisation. Depending on size, it may or may not be easy to communicate with every echelon, but senior figures should always be fully aware of what the attitude and outlook is throughout the company and of their function as role models. Strong ties within an organisation, and identification with its standards and values, are as important as good business relations between companies, trading partners and customers.

Compliance with company values and ethics is at the core of every successful business, regardless of whether it’s within the public or private sector. This is the case perhaps more so than ever, when an innocuous news piece can leap from a local newspaper or company intranet to become a national or international news story at the click of a mouse or the “send” of an email. In this way, the modern company needs to think about how its workforce reflects its own standards, ethics and values, but also how it can hone and nurture a culture of ethical practice and accountability.

Whether it’s making sure of your staff’s health and safety, protecting legal rights, or ensuring regulatory compliance, leaders must be aware of what’s happening at all levels of their organisation. By employing compliance solution providers, you can ensure that compliance issues are addressed in ways that will benefit both staff and the board when it comes to delivering awareness, transparency and reliable integrity. As the government has recently been accused of not going far enough in its measures to tackle white-collar crime, there has never been a better time to look at your company’s values and try to mitigate opportunities for misconduct.

Compliance is more than just obeying laws and playing by the rules.

It is also about the degree to which you adopt and live by the standards and values of the organisation. Those companies that are compliant not only adhere to law and order, but also to the organisation’s policies and system of values. These can include the company’s own idea of what it means to work for the company, such as a self-imposed code of conduct or ethics.  Noncompliance can have serious implications and consequences at every level of the business. A misdemeanour at one level can have serious repercussions and discredit an entire organisation. However, engendering trust and transparency throughout the company can mitigate and reduce the chances of this occurring.

As a result, compliance has become a key requirement for long-term sustainable success. Reliability, continuity and trust can only exist in an organisation if it is clearly committed to compliance. This is even more essential in an increasingly digital world. With digitised technology making information, tranches of documents and files accessible to all, every employee becomes responsible for protecting data and information. Discretion and moral accountability can only be monitored and encouraged up to a point, and it is up to individuals to recognise where lines are to be drawn when it comes to the sharing of information. The revolution of Industry 4.0, big data and the internet of things mean myriad opportunities and perspectives, but they have also released a slew of data and information density. The use of social media, the merging of private and professional life and trends such as bring your own device (BYOD) complicate the overall view and control of sensitive information and data. Now the lines are often so blurred between work and private life as to be indiscernible.

And legislation seeks to keep up with these trends. Next year the General Data Protection Regulation (GDPR) will come into effect. If a company has not prepared its employees to navigate the new regulations regarding personal and sensitive data, company property and consent, for example, it will have in some way neglected its duty of care to the employee, who could find themselves in the middle of legal consequences for mishandling data under the new regime.

In a perfect world, guiding principles and exemplary behaviour should always be the paradigm for any employee, starting with the leaders. But in the real world interacting with a virtual one, this is not always straightforward. Protecting sensitive information, complying with data privacy laws and protecting knowledge while also being flexible enough to be competitive and successful, has become a cornerstone of every organisation.

Though technical measures are important components, human error and carelessness are the most common causes of data and information leaks and violations. The reasons are often associated with insufficient information, a low level of awareness and simply a lack of adequate training. All these things can be rectified, but it’s about how companies of all sizes understand and address this.

On a wider and equally – if not more – damaging scale, corruption falls into the parameters of compliance, too. Corruption has many faces, and it is a global problem, from bribery and kickbacks to accepting gifts, benefits in kind and other tokens or favours, as well as financial “incentives.” Raising awareness of these issues with staff will minimise and protect against outside influence. In the modern world, with instantaneous global telecommunications, a company is only as strong – or as weak – as its employees and their own knowledge, integrity and ethics.


Tags: Big DataCode of ConductGDPRInternet of Things (IoT)
Previous Post

Avoiding the Most Problematic Cyber Claim Denials

Next Post

Resilient: Daryl Brewster on the Problem with Short-Termism

Michael Kayser

Michael Kayser

Michael Kayser, Managing Director, Idox Compliance, is a seasoned professional with over a decade’s experience in high-stakes, mission-critical, technology-based services. He has been a member of technical committee ISO/PC271 and is currently part of the German delegation for the development of the new ISO project regarding governance. His credo is the provision of affordable, adequate and sustainable compliances services and measures.

Related Posts

risk tunnel

From Regulation to Volume, There Is No Light at the End of the Data Privacy Tunnel

by Jim DeLoach
March 15, 2023

Data proliferation and data privacy regulatory activity across the globe have created the need for focused boardroom discussions. An underpinning...

gdpr

UK Resurrects Data Protection Reforms, EU Court Rules on GDPR in Civil Cases

by Jonathan Armstrong and André Bywater
March 15, 2023

Recent courtroom and legislative action in Europe will likely have ripple effects around the world for companies subject to regulations...

mcds

What Charges Against Former McDonald’s CEO Can Teach Us About Investigations of Senior Officers

by Lloydette Bai-Marrow
January 18, 2023

The case of Steve Easterbrook, the former CEO of McDonald’s, is a salutary lesson in the dire consequences of failing...

eu flag

Preparing Your Company for the Latest GDPR Data Transfer Developments & Upcoming Deadlines

by Kevin L. Coy
November 30, 2022

An EU court decision and legislative moves in the U.S. and UK make compliance with privacy regulations increasingly difficult. Arnall...

Next Post
Resilient: Daryl Brewster on the Problem with Short-Termism

Resilient: Daryl Brewster on the Problem with Short-Termism

Compliance Job Interview Q&A

Jump to a Topic

AML Anti-Bribery Anti-Corruption Artificial Intelligence (AI) Automation Banking Board of Directors Board Risk Oversight Business Continuity Planning California Consumer Privacy Act (CCPA) Code of Conduct Communications Management Corporate Culture COVID-19 Cryptocurrency Culture of Ethics Cybercrime Cyber Risk Data Analytics Data Breach Data Governance DOJ Download Due Diligence Enterprise Risk Management (ERM) ESG FCPA Enforcement Actions Financial Crime Financial Crimes Enforcement Network (FinCEN) GDPR HIPAA Know Your Customer (KYC) Machine Learning Monitoring RegTech Reputation Risk Risk Assessment SEC Social Media Risk Supply Chain Technology Third Party Risk Management Tone at the Top Training Whistleblowing
No Result
View All Result

Privacy Policy

Founded in 2010, CCI is the web’s premier global independent news source for compliance, ethics, risk and information security. 

Got a news tip? Get in touch. Want a weekly round-up in your inbox? Sign up for free. No subscription fees, no paywalls. 

Follow Us

Browse Topics:

  • CCI Press
  • Compliance
  • Compliance Podcasts
  • Cybersecurity
  • Data Privacy
  • eBooks Published by CCI
  • Ethics
  • FCPA
  • Featured
  • Financial Services
  • Fraud
  • Governance
  • GRC Vendor News
  • HR Compliance
  • Internal Audit
  • Leadership and Career
  • On Demand Webinars
  • Opinion
  • Resource Library
  • Risk
  • Uncategorized
  • Videos
  • Webinars
  • Well-Being
  • Whitepapers

© 2022 Corporate Compliance Insights

No Result
View All Result
  • Home
  • About
    • About CCI
    • Writing for CCI
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Career Connection
  • Events
    • Calendar
    • Submit an Event
  • Library
    • Whitepapers & Reports
    • eBooks
    • CCI Press & Compliance Bookshelf
  • Podcasts
  • Videos
  • Subscribe

© 2022 Corporate Compliance Insights

Welcome to CCI. This site uses cookies. Please click OK to accept. Privacy Policy
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT