Retain management''s support of a compliance program

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Reference no: EM135964

Compliance programs created by international companies are instituted by multinational companies to promote regulatory controls and meet ethical and social standards. Over time, cost cutting measures enacted by the firm might result in downsizing of staff in these types of programs - especially if no risks have been noted by senior management. With that said, post your response to the following question-

1. How can compliance programs be beneficial to a company when management feels there is no risk for the business operation? How would you retain management's support of a compliance program for a firm based in the US but operating in multiple countries?

2. Identify an industry segment that interests you and that has a number of multinational companies. For instance industry segments might be in energy, automobile, consumer electronics and so on. Next visit a web site of two companies also after analyzing and evaluating their web site, see if you can identify any information that indicates their efforts to promote ethical conduct and social responsibility. Next see if the info you have found affects your view as a potential investor or supplier.

Reference no: EM135964

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