www.netzealous.com

Ethics constitutes the cornerstone of business. The common perception and

typecasting of many people is that of business being unscrupulous and

opportunistic. This has largely been a result of the fall in the recent past, due

to highly unethical and undesirable means, of huge global businesses such as

Enron, WorldCom, Hollinger and Tyco to name just a few. In many other

countries, it is common practice to come across a number of corporations

make millions and even billions, only to fall by the wayside after being caught

in the legal net.

Ethics constitutes the cornerstone of business. The common perception and

typecasting of many people is that of business being unscrupulous and

opportunistic. This has largely been a result of the fall in the recent past, due

to highly unethical and undesirable means, of huge global businesses such as

Enron, WorldCom, Hollinger and Tyco to name just a few. In many other

countries, it is common practice to come across a number of corporations

make millions and even billions, only to fall by the wayside after being caught

in the legal net.

A question that often arises is this: Isn’t ethics in business subjective, the way

it is for humans? What is ethical for one person is not for another, and vice

versa. So, what is this big noise about ethics in organizations? Some people

also argue that the notion of ethics keeps shifting with circumstances and

time. Is there a point in really creating such a hullabaloo about ethics, which,

like a shifting goalpost, is different things to different people?

www.netzealous.com

This is the nub of the topic of ethics. It is well understood that as in one’s personal life, ethics in business could also vary based on how one looks at it.

This is why in corporate circles, a whole set of principles has come to be

classified as meeting standards pertaining to ethics.

When an organization meets these standards, it is considered to have stuck to

principles of ethics. If it does not, it is not considered to have meet the ethics

standards set out by the industry. this of course, does not mean that the

organization is unethical, but it is just that it fails to meet ethics standards.

MEETING ORGANIZATIONAL

ETHICS STANDARDS

www.netzealous.com

The components against which an organization is defined as meeting the

ethics standards are set out by the respective industry. this is a product of

thinking that has been evolving for a long time. A result of the experiences in

the industry; ethics standards in organizations are a measure of how highly or

lowly they need to be rated in terms of being ethical and compliant with rules.

NetZealous LLC Ethics and Compliance Training offers complete insight into

all the areas of ethics in business. NetZealous LLC Ethics and Compliance

Training is a great guide for organizations and individuals to get started with

ways of being ethical and compliant. These are the areas in which NetZealous

LLC Ethics and Compliance Training is offered:

WHAT ARE THE ETHICS STANDARDS

THAT ORGANIZATIONS ARE

EXPECTED TO MEET?

www.netzealous.com

One of the most important aspects of ethics in business is avoiding conflict

of interest. A person who works for an organization that is in medical devices

and also owns an organization that is in the same business is definitely

committing conflict of interest. It is to avoid situations such as this that

NetZealous LLC Ethics and Compliance Training is offered to organizations.

AVOIDING CONFLICT OF

INTEREST

www.netzealous.com

It goes without saying that fair dealing is a prerequisite of business ethics.

Dealing fairly means being impartial to all the parties involved in a deal.

Favoring one over the other or working secretly against any of the parties is a

business standard that is expected of an organization or individual that

practices fair dealing. NetZealous LLC Ethics and Compliance Training gives

insights into how to deal with parties fairly, and what is considered unfair

dealings and how to avoid them.

DEALING FAIRLY

www.netzealous.com

Sensitive information lies at the heart of any business organization. Any

leakage of this vital information can cause havoc to an organization. There

have been many instances in which this has been done by individuals who are

in the midst of information security. Avoiding this kind of information

leakage by being compliant with regulatory requirements in this regard is a

hallmark of ethics and compliance. NetZealous LLC Ethics and Compliance

Training offers complete understanding of how to safeguard information

security. Its trainings have helped organizations avoid leakage of security

information.

DEVELOPING LEAK-PROOF

INFORMATION SECURITY

www.netzealous.com

Insider trading is a dangerous activity that involves manipulation of a

company’s trading on the stock exchanges. It is the act of revealing sensitive

information about an organization by a person who has access to this

information. This divulging of information is of course, made for gaining

rewards. This is considered unscrupulous because it gives the competitor

unfair advantage by having information about the organization’s business

decisions. Insider trading is usually carried out by high level executives of an

organization, as it is they who have information at that level or access to it.

The most notorious case related to the Galleon Group, founded by Sri

Lankan-American businessman Raj Rajaratnam, his brother Rengan

Rajaratnam, Anil Kumar and Rajat Gupta in the late 2000’s. NetZealous LLC

Ethics and Compliance Training has complete details of how organizations

can detect and avoid insider trading.

ELIMINATING INSIDER TRADING

www.netzealous.com

This is a very important element of corporate ethics. This involves the

responsibility of having to disclose material information with a company

board to all its investors at the same time. Suppressing some information to

some people constitutes unethical practice, because selective disclosure means

some investors have received information about the company’s investment

ahead of others, enabling them to take important investment decisions. This

practice was brought into effect by the Regulation Fair Disclosure passed by

the US Securities and Exchange Commission in 2000. NetZealous LLC Ethics

and Compliance Training offers organizations and individuals the learning

needed to understand fair disclosure and ways of avoiding it.

MAKING FAIR DISCLOSURE

www.netzealous.com

Individuals have the right to form or join any political party. Political parties

taking the support of political parties is a fairly common practice in most

countries, but when they are seen to be associated with tainted political

figures, their reputation takes a hit and their business suffers. NetZealous LLC

Ethics and Compliance Training helps organizations understand the laws and

rules relating to businesses and political parties.

POLITICAL AFFILIATION

www.netzealous.com

It is important for organizations or their top management to not only prevent

ethics violations, but to also take preventive actions to ensure that they do not

happen again. An organization that does not report ethics violations to the

authorities is as guilty as an organization or individual that has carried out the

violations. NetZealous LLC Ethics and Compliance Training helps

organizations understand the classification of ethics violations and ways by

which to report them.

REPORTING OF VIOLATIONS IN

ETHICS TO THE RELEVANT

AUTHORITIES

www.netzealous.com

There are many regulations concerning workplace

safety and prevention of violence. An organization

that does not take steps to implement these is

considered unethical, because such behaviors can

have serious repercussions on the state of the

employee’s wellbeing. There are several workplace

safety regulations such as OSHA, which have to be

implemented by organizations. Many legislations also

relate to guaranteeing a safe workplace. NetZealous

LLC Ethics and Compliance Training is a good

means to understanding ways of implementing the

relevant provisions of these legislations.

PREVENTING WORKPLACE VIOLENCE

AND ENSURING WORKPLACE SAFETY

www.netzealous.com

When an organization has alcoholic employees in its midst; there are bound to be problems for the individual, the other employees, as well as the management. Any organization has to take care to ensure that no alcoholic employee takes up employment in the first place. If this cannot be avoided, the organization, especially HR, has to make sure that that alcoholic does not come to work after consuming alcohol and does not create problems for others. NetZealous LLC Ethics and Compliance Training has some of the best experts in the field of HR, who will impart understanding and training on the ways to avoid hiring an alcoholic employees and ways of dealing with one.

PREVENTING ALCOHOL ABUSE

FROM EMPLOYEES

www.netzealous.com

Many countries of the world practice the principle of laissez faire, or fair trade.

The laissez faire principle was born in the spirit of the French Revolution. In

business, it roughly means allowing for free competition. This is the

foundation of the business ethics of many democratic countries such as the

US, the UK, Australia, and so on. However, some businesses carry out

practices that undercut and undervalue the spirit of competition. This hurts

the economy as well as the consumer. It militates against this slogan. Signing

agreements that curtail competition, forming cartels, predatory pricing,

practicing unacceptable behaviors, and manipulating the market power are

some of the unethical practices associated with anti-competitive conduct.

NetZealous LLC Ethics and Compliance Training is the solution to these

problems. Its ethics trainings offer complete knowledge of how to avoid these

practices and ways of detecting them.

PRACTICING ANTI-COMPETITIVE

CONDUCT

www.netzealous.com

Discrimination against an employee in any way relating to the person’s color, race, nationality, religion, sexual orientation, physical condition and many other aspects is strictly illegal in the US. There are a number of laws that make discrimination on these grounds illegal. It is also illegal to harass an employee for these or other reasons. All these are strictly spelt out by relevant laws. Title VII of the Civil Rights Act of 1964, according to which it is illegal to discriminate in employment on the basis of color, race, ethnicity or sex; the Age Discrimination in Employment Act (ADEA), according to which an employer cannot discriminate against employees who are 40 years of age and older; and the Americans with Disabilities Act (ADA), according to which it is illegal to discriminate against people with disabilities, are just some of these Acts.

NetZealous LLC Ethics and Compliance Training offers full knowledge of these Acts and helps employees and employers understand the meaning of these laws and ways of implementing them, so that the organization does not invite legal action.

NOT DISCRIMINATING AGAINST

AND/OR HARASSING

www.netzealous.com

FOLLOW US

www.netzealous.com