The Case for an Ethics Program at Greatest Colas By Mark Carlson

Introduction FSGO as the standard Reasons for an Ethics Program Impact of an Ethics Program Examples

FSGO as the standard

Reasons for an Ethics Program

Impact of an Ethics Program

Examples

Federal Sentencing Guidelines for Organizations (FSGO) Enacted in 1991 Used by federal judges for appropriate punishment Offers a framework for ethic programs World wide effects

Enacted in 1991

Used by federal judges for appropriate punishment

Offers a framework for ethic programs

World wide effects

Reasons for an Ethics Program Low design costs Reduction of corporate fraud Compliance Avoidance/lessening of legal sanctions Case study successes

Low design costs

Reduction of corporate fraud

Compliance

Avoidance/lessening of legal sanctions

Case study successes

Bank of America’s Code of Ethics Code of Ethics implementation FSGO elements utilized Impact Community development Terminations based on ethical grounds

Code of Ethics implementation

FSGO elements utilized

Impact

Community development

Terminations based on ethical grounds

United Technologies Corporation Implementation Designed around the FSGO elements Impact Increased awareness Strong company performance Dismissals and disciplinary actions Legal preparations

Implementation

Designed around the FSGO elements

Impact

Increased awareness

Strong company performance

Dismissals and disciplinary actions

Legal preparations

Closing Remarks Summary

Summary

References Association of Corporate Counsel. (2005). The new Federal Sentencing Guidelines for Organizations: Great for prosecutors, tough on organizations, deadly for the privilege. Retrieved October 27, 2006 from http://www.abanet.org/buslaw/attorneyclient/publichearing20050421/testimony/hackett2.pdf Bank of America. (2005). 2005 Sustainability Report. Retrieved October 30, 2007 from http://www.bankofamerica.com/environment/pdf/EnvironmentalReport_FN3.pdf Bank of America. (2007). Community Development. Retrieved on October 30, 2007 from http://www.bankofamerica.com/community/ Bank of America. (2007). Ethics. Retrieved on October 28, 2007, from http://investor.bankofamerica.com/phoenix.zhtml?c=71595&p=irol-govconduct Blumkin, Rakoff, & Sauber. (1993). Corporate Sentencing Guidelines: Compliance and mitigation. Law Journal Press. Business Roundtable Institute for Corporate Ethics. (n.d.). United Technologies Corporation: Running a Global Ethics and Compliance Program. Retrieved October 28, 2007 from http://www.darden.virginia.edu/corporate-ethics/pdf/BRI-1001.pdf Ethics Resource Center. (2007). Executive Summary. Retrieved October 27, 2007 from http://www.ethics.org/research/2003-executive-summary.asp International Labor Organization. (2007). KPMG business ethics survey report. Retrieved October 30, 2007 from http://www.itcilo.it/actrav/actrav-english/telearn/global/ilo/code/1997kpmg.htm Metropolitan Corporate Counsel. (2007). The impact of the sentencing guidelines on the healthcare field and beyond. Retrieved October 28, 2007 from http://www.metrocorpcounsel.com/current.php?artType=view&EntryNo=1575 New York Times .(2005). On Wall Street, a rise in dismissals over ethics. Retrieved October 30, 2007 from http://www.nytimes.com/2005/03/29/business/29wall.html?_r=1&th8emc=th&oref=slogin United Technologies. (2007). Corporate Responsibility. Retrieved October 29, 2007 from http://www.utc.com/responsibility/achievements.htm

Association of Corporate Counsel. (2005). The new Federal Sentencing Guidelines for Organizations: Great for prosecutors, tough on organizations, deadly for the privilege. Retrieved October 27, 2006 from http://www.abanet.org/buslaw/attorneyclient/publichearing20050421/testimony/hackett2.pdf

Bank of America. (2005). 2005 Sustainability Report. Retrieved October 30, 2007 from http://www.bankofamerica.com/environment/pdf/EnvironmentalReport_FN3.pdf

Bank of America. (2007). Community Development. Retrieved on October 30, 2007 from http://www.bankofamerica.com/community/

Bank of America. (2007). Ethics. Retrieved on October 28, 2007, from http://investor.bankofamerica.com/phoenix.zhtml?c=71595&p=irol-govconduct

Blumkin, Rakoff, & Sauber. (1993). Corporate Sentencing Guidelines: Compliance and mitigation. Law Journal Press.

Business Roundtable Institute for Corporate Ethics. (n.d.). United Technologies Corporation: Running a Global Ethics and Compliance Program. Retrieved October 28, 2007 from http://www.darden.virginia.edu/corporate-ethics/pdf/BRI-1001.pdf

Ethics Resource Center. (2007). Executive Summary. Retrieved October 27, 2007 from http://www.ethics.org/research/2003-executive-summary.asp

International Labor Organization. (2007). KPMG business ethics survey report. Retrieved October 30, 2007 from http://www.itcilo.it/actrav/actrav-english/telearn/global/ilo/code/1997kpmg.htm

Metropolitan Corporate Counsel. (2007). The impact of the sentencing guidelines on the healthcare field and beyond. Retrieved October 28, 2007 from http://www.metrocorpcounsel.com/current.php?artType=view&EntryNo=1575

New York Times .(2005). On Wall Street, a rise in dismissals over ethics. Retrieved October 30, 2007 from http://www.nytimes.com/2005/03/29/business/29wall.html?_r=1&th8emc=th&oref=slogin

United Technologies. (2007). Corporate Responsibility. Retrieved October 29, 2007 from http://www.utc.com/responsibility/achievements.htm