It is so a bad state of affairs. Society is elevating people with money regardless how they got it. Many a clergy or imam, all of us look up to for ethical direction, give front seats in places of worship to folks who tithe in millions. There is no bother to establish the source of the offertory or preach against offering proceeds of fraud. To the fraudster, things are evened out when they share with the Church or Mosque proceeds of their crimes and they also get a ‘closer to the Creator’ status. A medical doctor who subjects his or…
Ethics and integrity training – the new focus for well managed companies
Lack of ethics and integrity is the cause of all problems. As we speak now, someone in a company is stealing from it. ACFE.com estimates an average company loses about 5% of their annual revenue to fraud. No intervention on its own can stop fraud risk. CEOs don’t want to admit that fraudsters are always ahead of their controls. You cannot solve a problem you have not recognised. People will always steal as they can justify their actions and have the opportunity to do so without being caught. Focusing on ethics and integrity training is the best strategy today for…