What is the intended impact on corporate behavior and ethics and what are the prospects for success?

Fin 610 – globalization & international finance

Corporate behavior and ethics initiatives are intended to have an impact on the culture of an organization. They will encourage ethical decision-making and hold all employees accountable. Although such initiatives may be effective if properly implemented, they are likely to be ineffective unless there is a culture of trust among employees and fostering an environment that encourages them to speak up about the status quo.

Organizations must engage their stakeholders to make sure they understand the expectations and are involved. Companies can protect their reputation by investing in ethical business practices. This will also create long-term value to shareholders.

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