ELC Module 3

Describe leader-follower congruence.

The ability to identify and work with the leader to achieve common ethical objectives

What is the definition of an ethics audit?

An investigation into the ethical climate of the firm

Why are hotlines useful in a firm?

Because they allow the caller to remain anonymous

Which statement best describes codes of ethics?

Formal statements describing what an organization expects of its employees

Why is shared leadership important?

It establishes checks and balances on every member of the organization

What is the purpose of a code of ethics?

It provides guidelines to help employees recognize and resolve ethical issues

What is a necessary component of an ethical corporate culture?

an ethics program

Why might a company not want to investigate reports of misconduct?

an investigation is often time-consuming and expensive

While these leaders do not necessarily commit misconduct, they care little for ethics in the company.

apathetic leaders

As a company that places employee well-being over company performance, Zappos displays a _________ culture.

caring

This approach emphasizes obedience to legal requirements.

compliance-based approach

In this section, ___________ was identified as the best way to identify misconduct in an organization.

employee reporting

Which of the following information does an ethics audit try to collect?

employees' perception of the firm's ethical culture

While ________ cultures do not necessarily ignore employee well-being, they tend to emphasize company performance first.

exacting

Describe the purpose of ethics training

it allows employees to prepare themselves for issues they might encounter in the workplace

Countrywide Financial did not appear to care for employees' well-being or the long-term well-being of the firm. It can best be described as having a(n) __________ culture.

apathetic

Principles, values, _______, and ________ form an organizational culture.

norms; artifacts

Core practices are ____________________________________

not legally mandated but are considered best practices of the industry

An ethics officer can do little good without _____________________.

support from top management and board members

What is a characteristic of an ethical leader?

they have a passion to do the right thing