Global Business Ethics: Strategies to Promote Ethical & Legally Compliant Corporate Cultures in Multinational Organizations

Companies operating overseas find that understanding and complying with variant laws, managing employees far from headquarters, serving customers and relating to suppliers and partners in multiple jurisdictions can introduce significant challenges to developing shared ethics in business and values. Having a defined set of companywide global business ethics is a key part of realizing a truly global culture.

Strategies to Engage Global Employees in Ethics and Compliance Training

Recommendations for actively engaging global business units and local workforces include:

• Establish a local presence
• Develop local ethics and compliance training and leadership
• Educate all employees about a companywide code of ethics and corporate compliance laws and regulations
• Build culturally responsive systems for reporting non-compliant conduct
• Internationalize communications, including compliance corporate email

Moving Towards a Global Code of Business Conduct: The Future

The good news for multinationals is that globalization is creating more universal standards of business conduct, and these are becoming more rigorous. As more companies adopt these standards, every multinational will be motivated to develop companywide core values, standards of behavior, and relevant policies in tune with the rest of the world's ethics and compliance environment. The benefits of an ethical culture outweigh the costs. Globally ethical companies will be those that maintain a strong reputation in all their markets, experience increased employee and customer commitment and loyalty, and generate superior levels of performance and success.

LRN, the global business ethics and online compliance training leader, works with some of the world's most admired companies. We work with organizations to create and execute training programs that foster a culture of global business ethics and that also address your ethics course needs. You can select a training module from our extensive library of online courseware or we can create a custom course or program for your company, so you can promote a program global business ethics within your company and bring your code of conduct to life.

Since 1993, we've collaborated with 280 companies to help make global business ethics a fundamental part of how they conduct business, locally and around the world. LRN's team of 350 dedicated professionals brings a wealth of experience and expertise ranging from academia to business, law to philosophy, high tech to software – to help you develop and promote a code of business conduct that your company can live by. Visit LRN.com and see how you can inspire principled performance at your organization – wherever you do business.