COMPLIANCE AND VALUES – BASED CULTURES

Compliance and Values

• The traditional Approach
• Emphasizes obedience to the rules as the primary responsibility of ethics
• Empower legal counsel and audit offices to mandate and to monitor compliance with the law and with internal codes

Values – based cultures

• Considered to be integrity-based
• Reinforces a particular set of values rather than a particular set of rules
• Encourages a decisionmaking process that uses the values as underlying principles to guide employee decisions
rather than as hard-and-fast rules
ETHICAL LEADERSHIP AND CORPORATE CULTURE

• To cultivate values, expectations, beliefs, and patterns of behavior that best and most effectively support ethical
decision making
• To be a role model by setting a good example
• Keeping promises and commitments
• Maintaining yourself standards and by supporting others in doing so

Traits that were important also included :

Receptivity, listening, and openness in addition to the more traditionally considered traits of integrity, honesty, and
trustworthiness