How do ethical standards in professional practice influence decision-making and behavior in organizations, and what mechanisms are in place to ensure compliance with these standards?
How can organizations effectively implement and monitor compliance with ethical standards and regulations to ensure responsible conduct and mitigate risks?
What are the potential consequences for individuals and organizations that fail to adhere to established ethical standards and regulatory requirements in their respective industries?
How do ethical standards and regulations guide businesses in maintaining transparency and accountability in their operations and decision-making processes?
3. **What role do regulatory bodies play in enforcing ethical standards, and how effective are they in ensuring compliance and holding organizations accountable for ethical breaches?
2. **How do ethical standards and regulations differ across various industries, and what challenges do organizations face in implementing and maintaining these standards globally?