NetZealous LLC Ethics and Compliance Training

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NetZealous LLC Ethics and Compliance Training
www.netzealous.com
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• Ethics constitutes the cornerstone of business.
  The common perception and typecasting of many
  people is that of business being unscrupulous and
  opportunistic. This has largely been a result of
  the fall in the recent past, due to highly
  unethical and undesirable means, of huge global
  businesses such as Enron, WorldCom, Hollinger and
  Tyco to name just a few. In many other countries,
  it is common practice to come across a number of
  corporations make millions and even billions,
  only to fall by the wayside after being caught in
  the legal net.
• Ethics constitutes the cornerstone of business.
  The common perception and typecasting of many
  people is that of business being unscrupulous and
  opportunistic. This has largely been a result of
  the fall in the recent past, due to highly
  unethical and undesirable means, of huge global
  businesses such as Enron, WorldCom, Hollinger and
  Tyco to name just a few. In many other countries,
  it is common practice to come across a number of
  corporations make millions and even billions,
  only to fall by the wayside after being caught in
  the legal net.

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• A question that often arises is this Isnt
  ethics in business subjective, the way it is for
  humans? What is ethical for one person is not for
  another, and vice versa. So, what is this big
  noise about ethics in organizations? Some people
  also argue that the notion of ethics keeps
  shifting with circumstances and time. Is there a
  point in really creating such a hullabaloo about
  ethics, which, like a shifting goalpost, is
  different things to different people?

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Meeting organizational ethics standards

• This is the nub of the topic of ethics. It is
  well understood that as in ones personal life,
  ethics in business could also vary based on how
  one looks at it. This is why in corporate
  circles, a whole set of principles has come to be
  classified as meeting standards pertaining to
  ethics.
• When an organization meets these standards, it is
  considered to have stuck to principles of ethics.
  If it does not, it is not considered to have meet
  the ethics standards set out by the industry.
  this of course, does not mean that the
  organization is unethical, but it is just that it
  fails to meet ethics standards.

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What are the ethics standards that organizations
are expected to meet?

• The components against which an organization is
  defined as meeting the ethics standards are set
  out by the respective industry. this is a product
  of thinking that has been evolving for a long
  time. A result of the experiences in the
  industry ethics standards in organizations are a
  measure of how highly or lowly they need to be
  rated in terms of being ethical and compliant
  with rules.
• NetZealous LLC Ethics and Compliance Training
  offers complete insight into all the areas of
  ethics in business. NetZealous LLC Ethics and
  Compliance Training is a great guide for
  organizations and individuals to get started with
  ways of being ethical and compliant. These are
  the areas in which NetZealous LLC Ethics and
  Compliance Training is offered

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Avoiding conflict of interest

• One of the most important aspects of ethics in
  business is avoiding conflict of interest. A
  person who works for an organization that is in
  medical devices and also owns an organization
  that is in the same business is definitely
  committing conflict of interest. It is to avoid
  situations such as this that NetZealous LLC
  Ethics and Compliance Training is offered to
  organizations.

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Dealing fairly

• It goes without saying that fair dealing is a
  prerequisite of business ethics. Dealing fairly
  means being impartial to all the parties involved
  in a deal. Favoring one over the other or working
  secretly against any of the parties is a business
  standard that is expected of an organization or
  individual that practices fair dealing.
  NetZealous LLC Ethics and Compliance Training
  gives insights into how to deal with parties
  fairly, and what is considered unfair dealings
  and how to avoid them.

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Developing leak-proof information security

• Sensitive information lies at the heart of any
  business organization. Any leakage of this vital
  information can cause havoc to an organization.
  There have been many instances in which this has
  been done by individuals who are in the midst of
  information security. Avoiding this kind of
  information leakage by being compliant with
  regulatory requirements in this regard is a
  hallmark of ethics and compliance. NetZealous LLC
  Ethics and Compliance Training offers complete
  understanding of how to safeguard information
  security. Its trainings have helped organizations
  avoid leakage of security information.

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Eliminating insider trading

• Insider trading is a dangerous activity that
  involves manipulation of a companys trading on
  the stock exchanges. It is the act of revealing
  sensitive information about an organization by a
  person who has access to this information. This
  divulging of information is of course, made for
  gaining rewards. This is considered unscrupulous
  because it gives the competitor unfair advantage
  by having information about the organizations
  business decisions. Insider trading is usually
  carried out by high level executives of an
  organization, as it is they who have information
  at that level or access to it. The most notorious
  case related to the Galleon Group, founded by Sri
  Lankan-American businessman Raj Rajaratnam, his
  brother Rengan Rajaratnam, Anil Kumar and Rajat
  Gupta in the late 2000s. NetZealous LLC Ethics
  and Compliance Training has complete details of
  how organizations can detect and avoid insider
  trading.

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Making fair disclosure

• This is a very important element of corporate
  ethics. This involves the responsibility of
  having to disclose material information with a
  company board to all its investors at the same
  time. Suppressing some information to some people
  constitutes unethical practice, because selective
  disclosure means some investors have received
  information about the companys investment ahead
  of others, enabling them to take important
  investment decisions. This practice was brought
  into effect by the Regulation Fair Disclosure
  passed by the US Securities and Exchange
  Commission in 2000. NetZealous LLC Ethics and
  Compliance Training offers organizations and
  individuals the learning needed to understand
  fair disclosure and ways of avoiding it.

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Political affiliation

• Individuals have the right to form or join any
  political party. Political parties taking the
  support of political parties is a fairly common
  practice in most countries, but when they are
  seen to be associated with tainted political
  figures, their reputation takes a hit and their
  business suffers. NetZealous LLC Ethics and
  Compliance Training helps organizations
  understand the laws and rules relating to
  businesses and political parties.

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Reporting of violations in ethics to the relevant
authorities

• It is important for organizations or their top
  management to not only prevent ethics violations,
  but to also take preventive actions to ensure
  that they do not happen again. An organization
  that does not report ethics violations to the
  authorities is as guilty as an organization or
  individual that has carried out the violations.
  NetZealous LLC Ethics and Compliance Training
  helps organizations understand the classification
  of ethics violations and ways by which to report
  them.

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Preventing workplace violence and ensuring
workplace safety

• There are many regulations concerning workplace
  safety and prevention of violence. An
  organization that does not take steps to
  implement these is considered unethical, because
  such behaviors can have serious repercussions on
  the state of the employees wellbeing. There are
  several workplace safety regulations such as
  OSHA, which have to be implemented by
  organizations. Many legislations also relate to
  guaranteeing a safe workplace. NetZealous LLC
  Ethics and Compliance Training is a good means to
  understanding ways of implementing the relevant
  provisions of these legislations.

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Preventing alcohol abuse from employees

• When an organization has alcoholic employees in
  its midst there are bound to be problems for the
  individual, the other employees, as well as the
  management. Any organization has to take care to
  ensure that no alcoholic employee takes up
  employment in the first place. If this cannot be
  avoided, the organization, especially HR, has to
  make sure that that alcoholic does not come to
  work after consuming alcohol and does not create
  problems for others. NetZealous LLC Ethics and
  Compliance Training has some of the best experts
  in the field of HR, who will impart understanding
  and training on the ways to avoid hiring an
  alcoholic employees and ways of dealing with one.

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Practicing anti-competitive conduct

• Many countries of the world practice the
  principle of laissez faire, or fair trade. The
  laissez faire principle was born in the spirit of
  the French Revolution. In business, it roughly
  means allowing for free competition. This is the
  foundation of the business ethics of many
  democratic countries such as the US, the UK,
  Australia, and so on. However, some businesses
  carry out practices that undercut and undervalue
  the spirit of competition. This hurts the economy
  as well as the consumer. It militates against
  this slogan. Signing agreements that curtail
  competition, forming cartels, predatory pricing,
  practicing unacceptable behaviors, and
  manipulating the market power are some of the
  unethical practices associated with
  anti-competitive conduct. NetZealous LLC Ethics
  and Compliance Training is the solution to these
  problems. Its ethics trainings offer complete
  knowledge of how to avoid these practices and
  ways of detecting them.

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Not discriminating against and/or harassing

• Discrimination against an employee in any way
  relating to the persons color, race,
  nationality, religion, sexual orientation,
  physical condition and many other aspects is
  strictly illegal in the US. There are a number of
  laws that make discrimination on these grounds
  illegal. It is also illegal to harass an employee
  for these or other reasons. All these are
  strictly spelt out by relevant laws. Title VII of
  the Civil Rights Act of 1964, according to which
  it is illegal to discriminate in employment on
  the basis of color, race, ethnicity or sex the
  Age Discrimination in Employment Act (ADEA),
  according to which an employer cannot
  discriminate against employees who are 40 years
  of age and older and the Americans with
  Disabilities Act (ADA), according to which it is
  illegal to discriminate against people with
  disabilities, are just some of these Acts.
• NetZealous LLC Ethics and Compliance Training
  offers full knowledge of these Acts and helps
  employees and employers understand the meaning of
  these laws and ways of implementing them, so that
  the organization does not invite legal action.

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