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We
at the Institute for Corporate Ethics and Governance are concerned about what we
call sustainable compliance.
We believe that corporations need
to institutionalize compliance. This requires that they realize
at least two goals:
- corporations must direct the overall orientation of a
compliance program toward the creation and maintenance of ethical
organizational culture
- corporations must link compliance and the
bottom-line.
Other industries have taught us that sustainable compliance aspires to more than regulatory minimalism. Rather, companies that sustain compliance over the long term create and nurture ethical organizational culture that rewards ethical leadership at all levels.
Such companies have found that this strategy not only reduces the likelihood of regulatory violations, it also leads to greater "buy-in" from employees and, over time, enhances morale, trust and the organization's reputation among its customers.
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