Corporate Social Responsibility Training

Question 1

What is a ‘value based cultural approach’?

Answer 1

An approach to ethics training which motivates colleagues to aspire to ethical conduct by encouraging them to:

• question authority where ethics are at stake
• hold employees accountable for ethics violations
• leadership commits to ethics

Question 2

What is ‘programme follow through’?

Answer 2

A firm should develop a policy where they detect violations of ethics codes and follow up on ethical concerns raised by employees.

Question 3

What is a rewards system?

Answer 3

Reinforce ethical conduct by rewarding it.

Question 4

In what ways has the IOSCO helped firms reinforce ethics?

Answer 4

They have developed recommendations for developing an effective ethics training programme.