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IMA Ethics Series: When Silence Is Not Golden

IMA Ethics Series: When Silence Is Not Golden

This course sheds light on the reasons why some professionals act ethically (or unethically) and provides suggestions for building a more honest organization. Earn 2 NASBA CPE. This product will be valid for six months from purchase date.

 

Part 1 discusses economic crime and the reasons why some employees choose to report wrongdoing while others do not. The authors present the results of a study, which found notable differences between these employees.

Part 2 examines how financial professionals often look the other way when it comes to rooting out malfeasance. That’s the reason why it’s important to lay the groundwork for ethical behavior to encourage whistleblowers to come forward.

Part 3 discusses how organizations can be successful in designing peer-reporting systems. The authors offer several suggestions to ensure that ethical conduct is expected by senior management, that employees are treated fairly and encouraged to develop loyalty, and that communication channels are designed to support effective feedback.

Part 4 describes how to make honesty an integral part of an organization and recommends that leaders use reward systems and ensure simple communication strategies. The authors point out the cost of dishonesty and the measures used to document kinds of dishonesty in corporations.

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