E thical culture is not static. Over time, organizations’ priorities inevitably shift in response to changes in the economic, geopolitical, regulatory and market environment and according to the specific dynamics of the organization itself. Ethics and compliance programs must adapt accordingly. While it’s important not to take a one-size-fits-all approach to ethics and compliance, there is nonetheless plenty to be learned from what others are doing and what they are concentrating on. Identifying developing trends and best practices can be extremely instructive as a reference point for E&C professionals as well
continues. A global convergence on E&C standards is becoming evident. And issues like the impact of artificial intelligence (AI) and ongoing hybrid working models are all firmly on the radar. Here, we look at what’s driving these developments and their significance. Risk mitigation is ramping up Managing risk has taken on new importance around the world in the past 12 months. Global E&C professionals ranked risk mitigation and risk analysis as their top priorities for program
as boards, senior executive leadership, and middle and lower management. That’s why for the past decade, LRN has been surveying thousands of E&C professionals at organizations worldwide with a view to gaining valuable insights into what makes an E&C program effective and how they are evolving to meet needs in a rapidly changing world. Our findings this year shine a powerful spotlight on exactly where attention is being focused. Risk mitigation is seeing renewed emphasis. Incentivization and accountability are taking center stage. Reliance on values
rather than rules as the key motivator of ethical behavior
RISK continued on Page 17
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