Question

What role might a CECO play in helping a company you are familiar with, or would like to be involved with, develop an effective ethics and compliance program? Why?

Answer 1

Chief ethics and compliances officer or CECO takes crucial role in helping an organization, they build business ethics and keep the organization ethically compliant, all these we need as organization need to work for delivering the value, gain trust for each stakeholder, further, organization needs to consider sustainability to move themselves upwards and bring such environment that could fit people with honesty, fairness and build trust and respect on each other.

Here, team members should be loyal to customers and management, further, they should be given training why such ethics required? What kinds of value can be driven by ethics? Here, CECO could work on planning efforts, monitoring and controlling efforts, supports, CECO could help team members on various activities, that could improve perception level of various stakeholders like customers, this officer could incentivize various ethical practices, so employees can adopt such ethics within the organization, they can follow compliances accordingly over time.

CECO further work on auditing to check whether the practices are followed within the organizational workplace, they should find any pain areas, listen to the team members and other stakeholders, CECO understand the real organizational problem and knowing the root causes, he or she could build effective practices related to ethics that improve values and trust within the organization.