Chapter 4 The Corporate Culture—Impact and Implications 149
Chapter Objectives
After reading this chapter, you will be able to:
- Define corporate culture.
- Explain how corporate culture impacts ethical decision making.
- Discuss the differences between a compliance-based culture and a values-based culture.
- Discuss the role of corporate leadership in establishing the culture.
- Explain the difference between effective leaders and ethical leaders.
- Discuss the role of mission statements and codes in creating an ethical corporate culture.
- Explain how various reporting mechanisms such as ethics hotlines and ombudsmen can help integrate ethics within a firm.
- Discuss the role of assessing, monitoring, and auditing the culture and ethics program.
- Explain how culture can be enforced via governmental regulation.
