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Ethical Culture in Large Companies

"Companies that invest in ethics reap an enormous return. Better workplace ethics cut business risks by reducing the chance that serious ethics problems will throw companies off course and distract them from their core business" ERC CEO Patricia Harned In the latest National Business Ethics Survey from ECI (Ethics & Compliance Initiative), it's no surprise that an organization's culture, leadership, and values-based ethics and compliance program makes a huge difference in increasing an employee's willingness to report workplace misconduct. Employees feel free from retaliation! The survey, conducted on large organizations of 90,000 or more employees, shows that with an effective values-based ethics and compliance program, employee reporting of wrongdoing increases by 61 percent. These such program also decrease retaliation by as much as 93 percent. The likelihood of retaliation against reporters is also lessened in instances where employees believe that individuals at all levels of the organization are held accountable if they violate company standards or the law.

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We Need More Attentive Management, Not More Whistleblowers

We do not live in a culture of silence anymore. Much effort has been spent by many organizations to create a culture of integrity and transparency where workers feel safe to come forward and speak when they have concerns about wrongdoing.

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Not-for-Profit Fraud: 5 Warning Signs

Communities rely on the hard work produced by not-for-profit organizations. Unfortunately, not-for-profit organizations are susceptible to fraud. According to the 2012 Report to the Nations on Occupational Fraud & Abuse published by the ACFE, organizations lose an estimated 5 percent of their annual revenue as a result of fraud – and not-for-profit organizations are easily harmed by fraud. So instead of providing needed programs to communities, not-for-profits might be losing money to fraudsters.

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Not-for-Profit Fraud: 5 Warning Signs

  Communities rely on the hard work produced by not-for-profit organizations. Unfortunately, not-for-profit organizations are susceptible to fraud. According to the 2012 Report to the Nations on Occupational Fraud & Abuse published by the ACFE, organizations lose an estimated 5 percent of their annual revenue as a result of fraud – and not-for-profit organizations are easily harmed by fraud. So instead of providing needed programs to communities, not-for-profits might be losing money to fraudsters. The following are 5 warning signs that are worth investigating that could indicate fraud in your not-for-profit organization:

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