Question

According to the Federal Sentencing Guidelines for Organizations, six basic elements are important to a complete ethics and compliance program. Which of the following is NOT one of those elements?

(A) written standards for ethical conduct
(B) ethics training
(C) providing a mechanism for reporting misconduct anonymously
(D) firing employees who violate standards

Answer 1

Answer: (D) firing employees who violate standards

Explanation: The six basic elements that are important to complete ethics and compliance program are as follows

(1) Written standards for ethical conduct / code of conduct

(2) Compliance Program Administration ( an organisation is expected to appoint a senior personnel to ensure compliance)

(3) Protection of employees who report misconducts( protection of employees who report misconduct against abuse)

(4) Ethical training for all employees( all employees should be trained on the ethics and compliance)

(5) Commitment of senior officers( commitment of senior officer must be shown and guaranteed)

(6) Dynamic risk assessment ( risk assessment to evaluate the impact of the ethics and compliance program)