Sophisticated clients who are starting a business should

Question

Quizplus · Accepted Answer

Sophisticated clients who are starting a business should make a commitment to ethical behaviour and prepare a statement of values. This will help them establish a strong ethical culture within the organization, which can help attract employees, customers, and investors who share those values. It can also help protect the business from reputational damage and legal liability in the event of unethical conduct by employees. Opting not to prepare a code of conduct or consulting a lawyer about engaging in unethical behavior is not appropriate or ethical. Only concerning oneself with ethical behavior required by law may not be sufficient to build a strong ethical culture. Refraining from reporting illegal or unethical behavior is not ethical and can expose the business to even more liability.

Sophisticated Clients Who Are Starting a Business Should