How To Prevent Corporate Officers From Making Large Risky Transactions
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Feb 04, 2013 · Establish clear and easy to understand standards from the top down. Have an employee manual that clearly outlines these standards and keeps the rules from becoming arbitrary. Always check references and perform background checks that include employment, credit, licensing and …
Jan 13, 2017 · But despite public pressure and ever-expanding tools and powers to go after corporate wrongdoing, in most cases, the company pays a large ﬁne and promises to clean up its act while top executives escape punishment. Most notable among them have been the Wall Street CEOs at the center of the subprime mortgage market.
Dec 20, 2018 · Every employee should be made aware of the risks of fraud and corporate policies prohibiting such activities. Employees who may be considering engaging in theft can be deterred from such conduct when they learn about robust fraud detection and enforcement policies.
Aug 08, 2017 · Emotion risk – For employees, it takes time for the logic of a transaction to sink in, because it must work its way past emotion, which can impact morale and, therefore, the execution that needs to occur for a successful integration. Frankness, transparency, acknowledging that questions might come faster than answers, giving audiences a feedback channel and committing to regular updates on …
The Costs of Employee Misconduct. When constructing an annual budget, considering ways to prevent unethical behavior in the workplace is rarely on anyone’s mind. The Report to the Nations from the Association of Certified Fraud Examiners (ACFE) found that a typical business could anticipate losing five percent of its annual revenue to fraudulent activity.