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lawfox lawfox
 
December 24, 2008 08:22 PM

What a crook! What kind of ethics training do executives, officers and members of boards of directors receive?

It seems that most were asleep at the switch. They treated the shareholders investment as their own piggy banks. Do they face any liability for their conflicted performance?
Thank you.
Merry Christmas and Mele Kalikimaka!
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hannahsmom... hannahsmom...
 
 December 26, 2008 09:14 PM
Your question was "What kind of ethics training do executives, officers and members of boards of directors receive?". The answer is simple, most executives, officers or boards of director members do not receive any formal type of training, most of these positions are appointed and the person is supposedly qualified to fill the position. While they hammer the ethics and moral trainings down the lower level employees throats, they themselves consider each other to be above the trainings. Your second question was whether they faced liability for their actions. Unfortuately most of them do not. The company itself is liable, but not the people who make decisions.
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I just wonder what they do for the money and shares they receive.


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johnsonaar... johnsonaar...
 
December 24, 2008 09:12 PM
At the company that I work for, ethics training is a "focus" and by the "" I mean that we have plaques around the building that say "Consider the ethics first" and "Until you've considered ethics, the decision can't be made" but I put all that in quotations because we receive a very brief ethics training that is about an hour long. It's probably less than the amount of training that we receive on a yearly basis about sexual harassment. Generally the training is mostly cover your butt procedures. I think executives like this get to the point that they can rationalize anything. They think as long as they are making money that any means is justified by the ends.

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ea6651 ea6651
 
December 24, 2008 09:18 PM
When I still worked in the corporate world, we had to undergo mandatory annual training. Yes, it was CYA for the company, but it was also part of your annual review. It helped that the company itself was a no-perks, always-watch-your-ethics kind of a company...
Source(s):
personal experience


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mrnemo mrnemo
 
December 24, 2008 09:53 PM
In the corporate world, we, and I mean pretty much everyone, are pummeled with ethics training, exercises, seminars, web surveys, and harrowing emails. Every year, it starts again.

Ethics training reminds me of gun laws - somebody that is going to break the law is going to do it anyway, if they have their minds set on it.

I will say, though, that if there are any questions on ethics or anything related to shady activities, the flow always goes up, up, up. The buck as to stop somewhere, and if that somewhere is a criminally active executive, then, truly, one apple can spoil the bunch.

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