Identify the typical components of a corporate ethics program

What will be an ideal response?

Typical corporate ethics programs consist of some combination of the following components. A code of ethics is a document describing that for which an organization stands and the general rules of conduct expected of employees. Codes of ethics are especially effective when they are used in conjunction with ethics training programs that reinforce the company's ethical values. Just as companies regularly audit their books to check on irregularities in their finances, they should also conduct ethics audits to assess the behavior of employees and identify irregularities in ethical activity. An ethics committee is a group of senior-level managers from various areas of the organization who assist the CEO in making ethical decisions. An ethics officer is a high-ranking organizational official who is expected to provide strategies for ensuring ethical conduct throughout the organization. To be effective, companies must have a mechanism for communicating ethical standards, and clearly articulate (and reinforce) ethical expectations to employees.