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NetZealous LLC Ethics and Compliance Training

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Ethics constitutes the cornerstone of business. The common perception and typecasting of many people is that of business being unscrupulous and opportunistic. This has largely been a result of the fall in the recent past, due to highly unethical and undesirable means, of huge global businesses such as Enron, WorldCom, Hollinger and Tyco to name just a few. In many other countries, it is common practice to come across a number of corporations make millions and even billions, only to fall by the wayside after being caught in the legal net. – PowerPoint PPT presentation

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Title: NetZealous LLC Ethics and Compliance Training


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NetZealous LLC Ethics and Compliance Training
www.netzealous.com
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  • Ethics constitutes the cornerstone of business.
    The common perception and typecasting of many
    people is that of business being unscrupulous and
    opportunistic. This has largely been a result of
    the fall in the recent past, due to highly
    unethical and undesirable means, of huge global
    businesses such as Enron, WorldCom, Hollinger and
    Tyco to name just a few. In many other countries,
    it is common practice to come across a number of
    corporations make millions and even billions,
    only to fall by the wayside after being caught in
    the legal net.
  • Ethics constitutes the cornerstone of business.
    The common perception and typecasting of many
    people is that of business being unscrupulous and
    opportunistic. This has largely been a result of
    the fall in the recent past, due to highly
    unethical and undesirable means, of huge global
    businesses such as Enron, WorldCom, Hollinger and
    Tyco to name just a few. In many other countries,
    it is common practice to come across a number of
    corporations make millions and even billions,
    only to fall by the wayside after being caught in
    the legal net.

3
  • A question that often arises is this Isnt
    ethics in business subjective, the way it is for
    humans? What is ethical for one person is not for
    another, and vice versa. So, what is this big
    noise about ethics in organizations? Some people
    also argue that the notion of ethics keeps
    shifting with circumstances and time. Is there a
    point in really creating such a hullabaloo about
    ethics, which, like a shifting goalpost, is
    different things to different people?

www.netzealous.com
4
Meeting organizational ethics standards
  • This is the nub of the topic of ethics. It is
    well understood that as in ones personal life,
    ethics in business could also vary based on how
    one looks at it. This is why in corporate
    circles, a whole set of principles has come to be
    classified as meeting standards pertaining to
    ethics.
  • When an organization meets these standards, it is
    considered to have stuck to principles of ethics.
    If it does not, it is not considered to have meet
    the ethics standards set out by the industry.
    this of course, does not mean that the
    organization is unethical, but it is just that it
    fails to meet ethics standards.

www.netzealous.com
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What are the ethics standards that organizations
are expected to meet?
  • The components against which an organization is
    defined as meeting the ethics standards are set
    out by the respective industry. this is a product
    of thinking that has been evolving for a long
    time. A result of the experiences in the
    industry ethics standards in organizations are a
    measure of how highly or lowly they need to be
    rated in terms of being ethical and compliant
    with rules.
  • NetZealous LLC Ethics and Compliance Training
    offers complete insight into all the areas of
    ethics in business. NetZealous LLC Ethics and
    Compliance Training is a great guide for
    organizations and individuals to get started with
    ways of being ethical and compliant. These are
    the areas in which NetZealous LLC Ethics and
    Compliance Training is offered

www.netzealous.com
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Avoiding conflict of interest
  • One of the most important aspects of ethics in
    business is avoiding conflict of interest. A
    person who works for an organization that is in
    medical devices and also owns an organization
    that is in the same business is definitely
    committing conflict of interest. It is to avoid
    situations such as this that NetZealous LLC
    Ethics and Compliance Training is offered to
    organizations.

www.netzealous.com
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Dealing fairly
  • It goes without saying that fair dealing is a
    prerequisite of business ethics. Dealing fairly
    means being impartial to all the parties involved
    in a deal. Favoring one over the other or working
    secretly against any of the parties is a business
    standard that is expected of an organization or
    individual that practices fair dealing.
    NetZealous LLC Ethics and Compliance Training
    gives insights into how to deal with parties
    fairly, and what is considered unfair dealings
    and how to avoid them.

www.netzealous.com
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Developing leak-proof information security
  • Sensitive information lies at the heart of any
    business organization. Any leakage of this vital
    information can cause havoc to an organization.
    There have been many instances in which this has
    been done by individuals who are in the midst of
    information security. Avoiding this kind of
    information leakage by being compliant with
    regulatory requirements in this regard is a
    hallmark of ethics and compliance. NetZealous LLC
    Ethics and Compliance Training offers complete
    understanding of how to safeguard information
    security. Its trainings have helped organizations
    avoid leakage of security information.

www.netzealous.com
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Eliminating insider trading
  • Insider trading is a dangerous activity that
    involves manipulation of a companys trading on
    the stock exchanges. It is the act of revealing
    sensitive information about an organization by a
    person who has access to this information. This
    divulging of information is of course, made for
    gaining rewards. This is considered unscrupulous
    because it gives the competitor unfair advantage
    by having information about the organizations
    business decisions. Insider trading is usually
    carried out by high level executives of an
    organization, as it is they who have information
    at that level or access to it. The most notorious
    case related to the Galleon Group, founded by Sri
    Lankan-American businessman Raj Rajaratnam, his
    brother Rengan Rajaratnam, Anil Kumar and Rajat
    Gupta in the late 2000s. NetZealous LLC Ethics
    and Compliance Training has complete details of
    how organizations can detect and avoid insider
    trading.

www.netzealous.com
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Making fair disclosure
  • This is a very important element of corporate
    ethics. This involves the responsibility of
    having to disclose material information with a
    company board to all its investors at the same
    time. Suppressing some information to some people
    constitutes unethical practice, because selective
    disclosure means some investors have received
    information about the companys investment ahead
    of others, enabling them to take important
    investment decisions. This practice was brought
    into effect by the Regulation Fair Disclosure
    passed by the US Securities and Exchange
    Commission in 2000. NetZealous LLC Ethics and
    Compliance Training offers organizations and
    individuals the learning needed to understand
    fair disclosure and ways of avoiding it.

www.netzealous.com
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Political affiliation
  • Individuals have the right to form or join any
    political party. Political parties taking the
    support of political parties is a fairly common
    practice in most countries, but when they are
    seen to be associated with tainted political
    figures, their reputation takes a hit and their
    business suffers. NetZealous LLC Ethics and
    Compliance Training helps organizations
    understand the laws and rules relating to
    businesses and political parties.

www.netzealous.com
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Reporting of violations in ethics to the relevant
authorities
  • It is important for organizations or their top
    management to not only prevent ethics violations,
    but to also take preventive actions to ensure
    that they do not happen again. An organization
    that does not report ethics violations to the
    authorities is as guilty as an organization or
    individual that has carried out the violations.
    NetZealous LLC Ethics and Compliance Training
    helps organizations understand the classification
    of ethics violations and ways by which to report
    them.

www.netzealous.com
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Preventing workplace violence and ensuring
workplace safety
  • There are many regulations concerning workplace
    safety and prevention of violence. An
    organization that does not take steps to
    implement these is considered unethical, because
    such behaviors can have serious repercussions on
    the state of the employees wellbeing. There are
    several workplace safety regulations such as
    OSHA, which have to be implemented by
    organizations. Many legislations also relate to
    guaranteeing a safe workplace. NetZealous LLC
    Ethics and Compliance Training is a good means to
    understanding ways of implementing the relevant
    provisions of these legislations.

www.netzealous.com
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Preventing alcohol abuse from employees
  • When an organization has alcoholic employees in
    its midst there are bound to be problems for the
    individual, the other employees, as well as the
    management. Any organization has to take care to
    ensure that no alcoholic employee takes up
    employment in the first place. If this cannot be
    avoided, the organization, especially HR, has to
    make sure that that alcoholic does not come to
    work after consuming alcohol and does not create
    problems for others. NetZealous LLC Ethics and
    Compliance Training has some of the best experts
    in the field of HR, who will impart understanding
    and training on the ways to avoid hiring an
    alcoholic employees and ways of dealing with one.

www.netzealous.com
15
Practicing anti-competitive conduct
  • Many countries of the world practice the
    principle of laissez faire, or fair trade. The
    laissez faire principle was born in the spirit of
    the French Revolution. In business, it roughly
    means allowing for free competition. This is the
    foundation of the business ethics of many
    democratic countries such as the US, the UK,
    Australia, and so on. However, some businesses
    carry out practices that undercut and undervalue
    the spirit of competition. This hurts the economy
    as well as the consumer. It militates against
    this slogan. Signing agreements that curtail
    competition, forming cartels, predatory pricing,
    practicing unacceptable behaviors, and
    manipulating the market power are some of the
    unethical practices associated with
    anti-competitive conduct. NetZealous LLC Ethics
    and Compliance Training is the solution to these
    problems. Its ethics trainings offer complete
    knowledge of how to avoid these practices and
    ways of detecting them.

www.netzealous.com
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Not discriminating against and/or harassing
  • Discrimination against an employee in any way
    relating to the persons color, race,
    nationality, religion, sexual orientation,
    physical condition and many other aspects is
    strictly illegal in the US. There are a number of
    laws that make discrimination on these grounds
    illegal. It is also illegal to harass an employee
    for these or other reasons. All these are
    strictly spelt out by relevant laws. Title VII of
    the Civil Rights Act of 1964, according to which
    it is illegal to discriminate in employment on
    the basis of color, race, ethnicity or sex the
    Age Discrimination in Employment Act (ADEA),
    according to which an employer cannot
    discriminate against employees who are 40 years
    of age and older and the Americans with
    Disabilities Act (ADA), according to which it is
    illegal to discriminate against people with
    disabilities, are just some of these Acts.
  • NetZealous LLC Ethics and Compliance Training
    offers full knowledge of these Acts and helps
    employees and employers understand the meaning of
    these laws and ways of implementing them, so that
    the organization does not invite legal action.

www.netzealous.com
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