A Naked Manager with Only SOX is Still Naked

According to a white paper published today by Fair Measures, Inc., ìSending all managers through the same ëSOXí 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.î



Instead, Fair Measures suggests that only those involved in creating a companyís financial numbers ñ from the sales organization all the way to the executive team ñ be trained.

Does that mean other employees donít 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. Thatís why itís important to train all managers in the doís and doníts. 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 companyís 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, wellÖ naked.

To download this free white paper go to
www.fairmeasures.com/ask/white_papers/default.asp

Distributed by HR Marketer.com