The Relationship between Compliance, Ethics, and the Law Based on the background articles posted in the assignment folder, your textbook’s ethics chapter, websites visited, and other course materials, respond to the following items: A. In your opinion, who in a business entity owns the duty to make sure the business is in full compliance with the law? The CEO, the Board of Directors, the Chief Compliance Officer, the Chief Legal Counsel, the lower level managers, the line employees? State the reasons that support your opinion. Cite at least one of the background articles in your response. B. Describe your understanding on the relationship between corporate culture (ethical standards) and a company’s efforts to comply with laws and regulations. Cite at least one of the background articles in your response. C. In your opinion, can ethics ensure a company’s compliance with all law, or is ethics something separate from complying with laws? State the reasons your opinion is based on. Does the textbook chapter help you form your opinion? D. Assume you hold an executive management position in a company. What activities, programs, strategies or other approaches would you want to have in place to ensure compliance with all laws and regulations? What would you do to create and maintain the corporate culture you believe your company needs to succeed in today’s environment?
