Innovation comes in many areas and compliance professionals need to not only be ready for it but embrace it. Join Tom Fox, the Voice of Compliance as he visits with top innovative minds, thinkers and creators in the award-winning Innovation in Compliance podcast. In this episode, host Tom Fox visits with Todd Haugh, Associate Professor of Business Law and Ethics at the IU Kelley School of Business, Arthur M. Weimer Faculty Fellow in Business Law Board Member and Jesse Fine Fellow, The Poynter Center for the Study of Ethics and See more +
Innovation comes in many areas and compliance professionals need to not only be ready for it but embrace it. Join Tom Fox, the Voice of Compliance as he visits with top innovative minds, thinkers and creators in the award-winning Innovation in Compliance podcast. In this episode, host Tom Fox visits with Todd Haugh, Associate Professor of Business Law and Ethics at the IU Kelley School of Business, Arthur M. Weimer Faculty Fellow in Business Law Board Member and Jesse Fine Fellow, The Poynter Center for the Study of Ethics and American Institutions Director of the Institute for Corporate Governance and Ethics.
Tom and Todd have way too much fun taking a deep dive into the intricate relationship between missed bonuses and ethical decision making in a corporate environment. They discuss how unmet expectations around bonuses can lead to rationalization of unethical or illegal behavior by employees. They emphasize the importance for managers to understand the broader implications beyond just economic incentives, as ignoring these psychological factors can introduce significant risks to an organization. They also talk about the Institute for Corporate Governance and Ethics. Tune in to hear two of the top commentators talk about incentives, both financial and other, in compliance and how these dynamics can affect overall corporate compliance and learn strategies to mitigate associated risks.
• Understanding Behavioral Ethics in Business
• Impact of Missed Bonuses on Ethical Decision Making
• Rationalizing Unethical Behavior
• Perception of Company Care
• Potential for Unethical or Illegal Behavior
• The Institute for Corporate Governance and Ethics See less -