A survey discussed on the Sox First blog raises questions about the effect that Sarbanes-Oxley has had on employee morale, five years into its career. It seems that many employees aren’t so sure about their bosses’ integrity. Here’s how they graded them on “organization efforts to encourage integrity”:
A - 35 percent
B - 34 percent
C - 18 percent
D - 10 percent
F - 4 percent
So 3/10 employees gave a grade of C or worse. More disturbingly, at public companies, “22 percent said results are rewarded even at the expense of unethical practices.” Ethical concerns seemed to be most common at smaller companies, which is interesting.
While there is considerable discussion about the “need” to roll back Sarbox, the continued concern about ethics on the part of employees makes me think we need more work done on compliance, not less.
Read | Permalink | Email this | Linking Blogs | Comments
Entries (RSS)