5b. ALL – Confronting Ethical Erosion (Intermediate - OPEN)
What happens when the actions of an individual do not align with the organization’s values or regulatory standards of conduct? What happens when that individual is a member of or supported by senior management? In this session, panelists will explore factors that may contribute to ethical erosion. This session will focus on the role of the compliance department in evaluating different methods of detecting unethical behavior and discuss best practices to confront and counteract ethical lapses.
This session is open to regulators but closed to members of the press.
Learning Objectives:
Define ethical erosion based on organizational values and regulatory standards of conduct, and in the context of the firm’s culture.
Learn how to identify red flags leading to ethical erosion at all levels of the organization.
Discuss methods of confronting, resolving, and documenting ethical erosion.
Explore methods for preventing ethical erosion including training techniques and case studies (example Madoff).
