Ethics Corner

By Rahul Garg

UntitledWelcome to the Ethics Corner sponsored by the Thunderbird Honor Council. In an effort to better educate our student body on ethical business practices, we will present to you an article, news link, or story from our own students that helps to showcase what is going on in the business world with ethical business behavior. We hope to create a dialogue between students to better prepare themselves for what might lie ahead in their careers. Moreover, we hope to provide information to better prepare you for your life ahead.

This week’s featured article puts into dollars and cents the costs that companies spend on internal investigations regarding illegal activities such as bribery and corruption. An increasing trend among firms is the creation of in-house compliance structures, positions, and whole departments to prevent FCPA violations before they occur.

“Penalties are in the multimillion-dollar range, and internal investigations are outrageously expensive. You add to that the reputational damage from a public FCPA investigation, shareholder lawsuits, whistle-blower risks and the possibility of jail time from your employees, and you’ve got an easy business case to make to a board member or CEO.” said Matteson Ellis, an attorney who specializes in FCPA-related issues.

The article, “The Costs of Compliance Grow?” by Ashby Jones can be found in the print edition of the Wall Street Journal (10/2/12, B4).

Related Posts

The Birth of Kogo

First-year student Simon Roca describes his new business Kogo, which helps the environment and small-scale farmers in Panama by upcycling coffee cherries into a delicious new superfood product.

Campus Ambassadors: Passion in Practice

This is part of Das Tor’s ongoing series, “Club Spotlight,” in which the leadership of different Thunderbird clubs describe their mission, goals, and why students should consider joining their group.

Meet the Das Tor Executive Team

The Das Tor team recently underwent a change in leadership, and we wanted to take the opportunity to introduce ourselves to our readers in this Club Spotlight.

Starting a Business in the Apocalypse

Long-time Das Tor contributor and Thunderbird alum Jesse Breffle shared his experience of starting a business during the COVID-19 pandemic.

Sooji Pudla Recipe

This is part of the ongoing Das Tor series “Global Eats,” in which T-birds share cooking stories and recipes unique to their culture or travels around the globe.

My Quarantine Experience

As part of Das Tor’s series “T-birds Under Quarantine,” first-year Rebecca Swyers tells her unique experience of working at a sporting goods store when the coronavirus and panic buying first hit the U.S. in March 2020.

Kelewele: A Taste of Ghana

In this installment of Global Eats, travel to Ghana and make the famous fried plantains dish called kelewele.

The Birth of Kogo

First-year student Simon Roca describes his new business Kogo, which helps the environment and small-scale farmers in Panama by upcycling coffee cherries into a delicious new superfood product.

Campus Ambassadors: Passion in Practice

This is part of Das Tor’s ongoing series, “Club Spotlight,” in which the leadership of different Thunderbird clubs describe their mission, goals, and why students should consider joining their group.

Meet the Das Tor Executive Team

The Das Tor team recently underwent a change in leadership, and we wanted to take the opportunity to introduce ourselves to our readers in this Club Spotlight.

Starting a Business in the Apocalypse

Long-time Das Tor contributor and Thunderbird alum Jesse Breffle shared his experience of starting a business during the COVID-19 pandemic.

Sooji Pudla Recipe

This is part of the ongoing Das Tor series “Global Eats,” in which T-birds share cooking stories and recipes unique to their culture or travels around the globe.

My Quarantine Experience

As part of Das Tor’s series “T-birds Under Quarantine,” first-year Rebecca Swyers tells her unique experience of working at a sporting goods store when the coronavirus and panic buying first hit the U.S. in March 2020.

Kelewele: A Taste of Ghana

In this installment of Global Eats, travel to Ghana and make the famous fried plantains dish called kelewele.

Hot News

Trending

Subscribe

Never miss a story! Subscribe today!