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Empowering organizations to build and sustain High Quality Compliance Programs (HQPs).

In contrast is the commonly held thought that ethics relates to the value system that exists within an organization. This value system can be seen as consisting of two subsets. One subset is what many organizations within the same and different industries tend to adopt and promote to their employees and customers. These values often take the form of social responsibility as it relates to how the organization works to be a responsible corporate citizen in the community in which it operates, or how the organization works to protect the environment above and beyond what it must do to meet regulatory requirements.

The second subset of the value system that represents the ethics of an organization is the value system that is generated from within the organization, often attributed to the culture that exists within an organization. This close relationship between an organization’s culture and its value system is what makes this second subset of the values that impact the CEP so unique to each organization.[2]

Therefore we can understand how compliance professionals from two organizations within the same industry may have so much in common on one hand, such as when dealing with the compliance aspects of their respective CEPs, and at the same time are operating in such diverse environments with respect to the ethical aspects of their CEPs.

Stability and consistency
The rules and regulations that apply and impact the compliance aspects of a CEP provide an inherent element of stability to the organization. The laws that provide the basis for the underlying requirements for what an organization must do to operate legally within its industry are often well codified and easily accessible. In addition, because these are based on laws, a compliance professional can monitor legislative activity to identify if new laws are being considered or if changes to current laws are proposed. Just as finalized laws are relatively easy to find, many law-making bodies provide public notices on their activities, which can serve as early signals of potential, impending changes.