Ground Rules in the Galleon Essay

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For the law firms, a multi-point ethical program can address some of the shortcomings of their employees.

Fraud is a unique ethical case, since there is no ethical dilemma, only outright criminality. To an extent, fraud is a situation where it is garbage in, garbage out. Thus, hiring becomes the first step in building a strong ethical program. This is especially true in an M&A division, where workers will be exposed to insider trading opportunities on a near-daily basis. The firms must incorporate ethics testing and other techniques to improve the ethical quality of their new hires.

New hires should be subjected to an intensive ethical training program. Company standards must be made clear, along with the consequences of breach of those standards. The ethics training program should be reinforced with follow-up programs, to make sure that the high ethical standards become part of the corporate culture.

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The program should be supported at the highest levels of the company, from the senior partners on down -- an active interest in ethics at these levels permeates throughout the organization (Gleeson, 2003).

The final component of the renewed ethics program at the law firms should be the establishment of a mechanism to test the ethical awareness of the employees and a mechanism to allow whistle-blowing. It seems reasonable that some in these law firms suspected illegal activity, but did not act on those suspicions. Communication of these mechanisms is essential for employees to weed out fraud and other unethical activities from their midst.

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https://www.aceyourpaper.com/essays/ground-rules-galleon-17415
   

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