Ethics, Compliance Auditing, and Emerging Issues

 

Describe an emerging global risk that is either economic, environmental, geopolitical, societal, or technological.
Identify all countries that might be associated with the risk.
Describe the effects of the risk on each country.
Evaluate the role of ethical decision-making in business organizations as the role pertains to your global risk.
Analyze the impact of business ethics on stakeholder relationships.
Analyze why it is necessary to create an ethics program, conduct training, and engage in compliance auditing.
Design a training plan for ethical considerations and social responsibility as it relates to the key risk area and the countries you have selected. The training plan must include the following:
The goals of the training program
The objectives of the training program
The learning methods/activities of the training program
How the training program will be evaluated
Describe how the training will be conducted
Describe how compliance auditing will be conducted.

Sample Solution

Ethics, Compliance Auditing, and Emerging Issues

There are five categories of risks: economic, environmental, geopolitical, societal and technological. The top global risks are related to environmental threats: extreme weather events, failure of climate-change mitigation and maladaptation and natural disaster. These events are mainly the effect of the increase in the planet`s global average temperature. Forecasts say temperature might rise by 5 degrees Celsius until 2100, but that it will also be extremely hard to prevent a 1.5 degrees Celsius increase until 2040. As climate change worsens, dangerous weather events are becoming more frequent or severe. Ethical decisions generate and sustain trust; demonstrate respect, responsibility, fairness and caring; and are consistent with good citizenship.

beyond those raised by the usual transnational arbitration between commercial parties. This is not merely because one of the Disputing Parties is a State: there are of course Disputes involving States which ace of no greater general public importance than a dispute between private persons. The public interest in this arbitration miles from its subject matter-, as powerfully suggested in the Petitions. There is also a broader argument, as suggested by the Respondent and Canada: the Chapter 11 arbitral process could benefit from being perceived as more open or transparent or conversely be harmed if seen as unduly secretive. In this regard, the Tribunal’s willingness to receive amicus submissions might support the process in general and this arbitration in particular; whereas a blanket refusal could do positive harm.

There are other competing factors to consider: the acceptance; of amicus submissions might add significantly to the overall cost of the arbitration and) as considered above, there is a possible risk of imposing an extra burden on one or both the Disputing Parties. In this regard, as appears from the Petitions, any amicus submissions from these Petitioners are more likely to run counter to the Claimant’s position and eventually to support the Respondent’s case. This factor has weighed heavily with the Tribunal; and it is concerned that the Claimant should receive whatever procedural protection might be necessary.………

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