Compliance-based approach

May 2016 – L3 – Q3b – Regulatory framework and ethics

Compare compliance-based and integrity-based approaches to ethical issues, and recommend steps to sustain value creation from an ethical culture

Question

As a Professional Accountant, you are regarded as an expert with specialized knowledge acting ethically and influencing others to do what is right whilst working to very high standards. When confronted with an ethical challenge or dilemma in a corporate setting, Lynne Paine suggests two approaches to the management of ethical issues in organizations – the compliance based approach and the integrity based approach.

Required: i) Compare and contrast the compliance based approach and the integrity based approach in the management of ethical issues. (6 marks)

ii) Discuss the steps you would recommend to your company to adopt in order to sustain value creation from an ethical culture. (4 marks)

Answer

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Tags: Compliance-based approach, Ethical Culture, Ethics, Integrity-based approach, Value Creation
Level: Level 3

Topic: Regulatory Framework and Ethics
Series: MAY 2016

CSEG – Nov 2017 – L2 – Q2a – Business ethics

Explain two approaches to managing ethics in an organization: compliance-based and integrity-based.

Question

Apau Chemist Ltd is a company engaged in the manufacturing of various drugs for the local market. There have been a series of ethical infractions within the company. Some top management have been accused of insider trading, bribing some key staff of the regulatory authorities, and attempts to cover up the alleged distribution of expired drugs. There is a total breakdown of ethical standards within the company. The board of directors has expressed grave concerns about the current happenings in the company. At its last quarterly meeting, the board resolved to engage the services of a corporate governance expert to help address the situation. The board understands that there are two major approaches to managing ethics in an organization.

Required:

As a corporate governance expert, you have been engaged by the board to advise it on TWO approaches to the management of ethics in organizations. (8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compliance-based approach, Ethics Management, Integrity-based approach
Level: Level 2

Topic: Business ethics
Series: NOV 2017

May 2016 – L3 – Q3b – Regulatory framework and ethics

Compare compliance-based and integrity-based approaches to ethical issues, and recommend steps to sustain value creation from an ethical culture

Question

Required: i) Compare and contrast the compliance based approach and the integrity based approach in the management of ethical issues. (6 marks)

ii) Discuss the steps you would recommend to your company to adopt in order to sustain value creation from an ethical culture. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compliance-based approach, Ethical Culture, Ethics, Integrity-based approach, Value Creation
Level: Level 3

Topic: Regulatory Framework and Ethics
Series: MAY 2016

CSEG – Nov 2017 – L2 – Q2a – Business ethics

Explain two approaches to managing ethics in an organization: compliance-based and integrity-based.

Question

Required:

As a corporate governance expert, you have been engaged by the board to advise it on TWO approaches to the management of ethics in organizations. (8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compliance-based approach, Ethics Management, Integrity-based approach
Level: Level 2

Topic: Business ethics
Series: NOV 2017

Question Tag: Compliance-based approach

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May 2016 – L3 – Q3b – Regulatory framework and ethics

Compare compliance-based and integrity-based approaches to ethical issues, and recommend steps to sustain value creation from an ethical culture

CSEG – Nov 2017 – L2 – Q2a – Business ethics

Explain two approaches to managing ethics in an organization: compliance-based and integrity-based.

May 2016 – L3 – Q3b – Regulatory framework and ethics

Compare compliance-based and integrity-based approaches to ethical issues, and recommend steps to sustain value creation from an ethical culture

CSEG – Nov 2017 – L2 – Q2a – Business ethics

Explain two approaches to managing ethics in an organization: compliance-based and integrity-based.

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Question Tag: Compliance-based approach

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May 2016 – L3 – Q3b – Regulatory framework and ethics

Compare compliance-based and integrity-based approaches to ethical issues, and recommend steps to sustain value creation from an ethical culture

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CSEG – Nov 2017 – L2 – Q2a – Business ethics

Explain two approaches to managing ethics in an organization: compliance-based and integrity-based.

You're reporting an error for "CSEG – Nov 2017 – L2 – Q2a – Business ethics"

May 2016 – L3 – Q3b – Regulatory framework and ethics

Compare compliance-based and integrity-based approaches to ethical issues, and recommend steps to sustain value creation from an ethical culture

You're reporting an error for "May 2016 – L3 – Q3b – Regulatory framework and ethics"

CSEG – Nov 2017 – L2 – Q2a – Business ethics

Explain two approaches to managing ethics in an organization: compliance-based and integrity-based.

You're reporting an error for "CSEG – Nov 2017 – L2 – Q2a – Business ethics"

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