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5 Ways to Manage Ethical Risks

Ethical risk management is incredibly difficult, mostly because you cannot predict what an employee is thinking or control every one of their actions. However, finding ways to manage this risk is vital: one person’s choices can cost millions of dollars, close down a business forever, and do significant damage to the people who trust you to provide them with products and services. While risk avoidance is impossible, here are a few things you can do to lessen the chance of being a part of the latest scandal.

Topics: unethical behavior ethical risk management ethical risk managing ethics business ethics

Do your employees feel safe blowing the whistle?

Throughout the lifespan of a corporation, stakeholders can be faced with the risk of economic crime. Often, it becomes a reality long after the issue should have been brought to the attention of the board of directors. Entrepreneur that have invested a great deal of time and energy building a company from the ground up, find it hard to imagine that something as intrusive as economic crime can happen to them.

Topics: blow the whistle economic fraud whistleblower policy sample whistleblower policy unethical behavior

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