NCMA 5th Annual Commercial Contract Management Conference

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(No Transcript)
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Ethics Compliance Sarbanes Oxley Act Beyond!
Breakout Session Conrad Brooks McKenna Long
Aldridge LLP October 18, 2005 930 1030
am
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Sarbanes-Oxley

• Good first step
• Changed landscape

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Compliance Comes at a Cost

• Financial
• Check-the-box mentality

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Is Legislation the Answer?

• Provides context for basis of operations
• Not the end of the matter

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• Legislation and Policies Cant Force Ethical
  Behavior

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Why Good People Do Bad Things
Competing Priorities
Careerism
Lack of Awareness
Best Outcome?
Decision Process
The Challenge
Peer Pressure
Others
Time / Cost Constraints
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Unethical Behavior Early Warning Signs

• Everybody does it.
• Well, maybe just this once
• No one will get hurt.
• No one will notice the difference.
• I dont care how, just get it done.
• We didnt have this conversation.

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Challenge for Companies

• How to communicate and integrate appropriate
  ethical values into the corporate culture?

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Ethics Start at the Top

• Ethics is a priority for the company
• Emphasis on ethical behavior
• Leadership
• Moral courage from all individuals within
  the organization