Question

You have just taken over as Chief Ethics Officer for a large financial institution based in London, England. Your first priority in your new job is to develop and implement an effective ethics education and monitoring program for your company. Which elements should be included as part of your ethics program?

A. Code of Ethics.
B. Ethics Training.
C. Ethics Policies.
D. Whistleblower Program.
E. Ethical Leadership.

Answer 1

To develop an effective ethics program for a financial institution, you should include a code of ethics, ethics training, ethics policies, a whistleblower program, and promote ethical leadership.

Step-by-step explanation:

As the Chief Ethics Officer for a large financial institution, developing and implementing an effective ethics program is essential.

The elements that should be included in the program are:

1. Code of Ethics: This is a set of guidelines that outlines expected behavior and ethical standards for employees.
2. Ethics Training: Providing education and training to employees on ethical decision-making and the company's code of conduct.
3. Ethics Policies: Written policies that clarify expectations, rules, and consequences related to ethical behavior.
4. Whistleblower Program: Establishing a system that encourages employees to report unethical behavior anonymously.
5. Ethical Leadership: Ensuring that leaders and executives demonstrate and promote ethical behavior.