Santa Cruz, CA (PRWEB) September 30, 2005
According to a white paper published today by Fair Measures, Inc., ÂSending all managers through the same 'SOX' training is unnecessary and potentially counter-productive. Such general training could end up being far too much for those who have nothing to do with the revenue side of the business and far too little for those who do.Â
Instead, Fair Measures suggests that only those involved in creating a company's financial numbers Â from the sales organization all the way to the executive team Â be trained.
Does that mean other employees don't need ethics training? Not so fast. There are plenty of other laws they can violate, and the penalties for those are stiff: violation of law for insider trading, industrial espionage, antitrust, export control, foreign corrupt practices and boycotts carry corporate fines of $1 million to $100 million, personal fines of $250,000 to $1 million, and prison time of 5 to 15 years.
Compliance with these laws is often not a matter of common sense. That's why it's important to train all managers in the do's and don'ts. Not only will training help prevent violations, but if violations do occur, under the Federal Sentencing Guidelines a well-established training compliance program can help show the company's good faith and potentially reduce corporate liability.
The white paper concludes that general ethics training should go well beyond SOX. After all, a manager with only SOX is still, wellÂ naked.
To download this free white paper, go to http://www.fairmeasures.com/ask/white_papers/default.asp
About Fair Measures, Inc.
Based in Santa Cruz, Cal., Fair Measures, Inc. is a leading provider of legal management training for managers and employees, and offers a program on ethics entitled ÂDoing Business Right: Ethical Conduct at Work.Â For more information call 800-458-2778 or http://www.FairMeasures.com.
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.
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