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Companies Address Ethics and Compliance Risks

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Demand for more ethical business processes and actions continues to grow at a quick clip. Yet numerous challenges remain, a new report says. As organizations continue to develop codes of conduct that promote ethical and responsible decision making, many are also establishing compliance and ethics programs to minimize the risk that the firm steps outside of ethical and legal boundaries. "Governments around the world strengthen their collaboration to legislate and enforce a stricter set of rules regulating many facets of business conduct at a global level," states a study last month from corporate ethics consultant LRN (free registration required). "Faced with this surge of new regulatory compliance demands, as well as fresh ethical challenges posed by a more complex and global business environment, companies attempted to make necessary adjustments. 2007 brought with it new challenges to the business world and important lessons."

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