ETHICS

A strong ethical culture can minimize the risk of ethical breaches and the negative costs and consequences pertaining to huge fines, legal settlements, and reputation issues that flow from ethical failure.

“Tone at the top” is a term used to describe an organization’s general ethical climate, as established by its board of directors, audit committee, and senior management.

A good organizational tone is set through policies, codes of ethics, a commitment to hiring competent employees, and the development of reward structures that promote good internal controls and effective governance.

Having good tone at the top is believed by business ethics experts to help prevent fraud and other unethical practices.

WHAT WE Provide?

We support our clients’ boards of directors and senior management to form and deliver advice for the establishment of sound ethical culture in organizations and formulate and implement strategies to apply effective corporate culture.
Types of services include:
  • Ethical Culture Management Services
  • Ethical Culture Review Services

Ethical Culture Management Services

The objective of Ethical Culture Management Services is to support boards, committees, and senior management in defining related objectives, drafting and designing related policies and procedures, and providing support in the management of the feedback mechanism.

The services provided include:

Designing and developing ethics and independence policies and procedures, code of conduct and code of ethics

Designing and developing information-handling policies and procedures

Designing and developing record retention policies and procedures

Handling or supporting stakeholders in the management of complaints and redressal systems

Designing and developing
whistle-blowing system

Other ethics services as per
stakeholders’ requests

Ethical Culture Review Services

This component focuses on judging an organization’s level of maturity and management’s approach towards forming a sound and conducive ethical environment.

Reviewing established and implemented ethical policies and procedures, code of ethics, and code of conduct

Reviewing the design of complaints management systems

Reviewing complaints logged by internal and external parties and their disposition

Reviewing incidents of whistleblowing and their resolutions
Performing tests to view the organization’s reputation
Reviewing communications to internal and external parties

Applying control self-assessment techniques by using tools like surveys and focus group discussions