ethical-compliance

Vocabulary Word

Definition

'Ethical compliance' isn't just about doing what the law says. It also means being morally right and fair in your work or the way you do things. It's what keeps businesses and people trusted and respected.

Examples in Different Contexts

In corporate governance, 'ethical compliance' is about ensuring company policies and actions reflect ethical principles in addition to legal obligations. A corporate governance expert might explain, 'Ethical compliance is integral to fostering a culture of integrity and accountability within the organization.'

Practice Scenarios

Sustainability

Scenario:

We have received funding for a new eco-project. Let's utilize our resources with care and keep our commitment to the environment.

Response:

Indeed. Our ethical compliance needs continuous attention, ensuring we meet both our project targets and sustainability responsibilities.

Public-Policy

Scenario:

Our policy review is set to be a tricky process. It's crucial that we stay true to our mandate and remain transparent.

Response:

Exactly. Ethical compliance is key in policy reviews. Let's ensure every decision is transparent and justifiable.