George Breen, a Member of the Firm in the Health Care and Life Sciences practice, in the Washington, DC, office, and Amy Lerman, an Associate in the Health Care and Life Sciences practice, in the Washington, DC, office, cowrote an article titled "Effective Codes of Conduct: Sending a Powerful Message."
Following is an excerpt:
For today's business leaders, creating and maintaining a strong code of conduct is an essential response to growing compliance pressures. A well-crafted code stands as a statement of organizational values and offers a guidebook for employee behavior that aligns with these values. More than that, an effective code of conduct helps an organization define itself—how it operates and integrates core values into business operations and how it relates to important stakeholders.
The impact of such a code can be wide-ranging. It demonstrates to employees an organizational commitment to the promotion of values and ethics. Customers prefer businesses that consistently behave in a compliant manner. And the existence of an unbending code tends to reassure investors and creditors.
This article, published in Compliance Today, appears here with permission from the Health Care Compliance Association.