The necessary knowledge to detect and deal with ethical threats

As far as ethical or legal safeguards are concerned, the company needs to train its employees to respond to situations that bring ethical dilemmas. This can be achieved through training to familiarize them with the necessary knowledge to detect and deal with ethical threats. Besides training the employees, they should also be asked to consult the legal department should they come across an ethical dilemma. Organizational leaders should also act as role models for ethical conduct.
The stakeholders are encouraged to report any non-compliance without fear. While most violations are reported to the manager and legal, ethical, and compliance department, some must be reported to Global Ethics and Compliance. These include bribery, violation of codes of ethics by the company’s CEO, or manipulating the financial records. The preference of resources to use to address ethical issues would depend on the situation at hand. Non-compliance to ethical codes should be reported to the manager unless the aforementioned ones. The reporting party should write a letter to either the manager or Global Ethics and Compliance and attach the evidence of the violation.
 
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