I have worked with CFOs who leave the issue of ethical conduct to the HR and legal functions.
But others have taken a different view — they take a significant interest in ensuring that management and employees always behave in an appropriate fashion, consistent both with laws and regulations and the expectations and standards of the organization. They realize that not only can inappropriate behavior lead to compliance failures, fraud, and theft, but the consequences can adversely affect employee morale and the firm?s reputation.
The bottom line is that ethical failures can affect operational and financial performance and share price.
The Ethics Resource Center recently a business ethics report, based on a survey of 4,800 employees. I was surprised by some of the statistics and suspect most CFOs will be too.