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Did the lure of lucrative business opportunities persuade it to cross the line in terms of...

Did the lure of lucrative business opportunities persuade it to cross the line in terms of ethics and regulatory requirements and to what extent was the senior management responsible?

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Answer #1

Yes definitely lure of lucrative business will sometimes leads to crossing of line in terms of ethics and violate regulatory and statue compliance by finding loopholes with the aim of earning more profits and expanding business.

Senior Managers must acknowledge their role in shaping organizational ethics and seize this opportunity to create a climate that can strengthen the relationships and reputations on which their companies’ success depends.

An integrity-based approach to ethics management combines a concern for the law with an emphasis on managerial responsibility for ethical behavior.

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