White-collar crimes and unethical behaviors by employees, such as fraud, insider trading, bribery, and employment discrimination, may not involve violence, but their impact on the economy can be debilitating. Bernie Madoff operated a billion-dollar Ponzi scheme that victimized thousands of investors and other stakeholders. Bank of America flamed the 2008 financial crisis by selling billions in worthless mortgage-backed securities

You have been hired as a large corporation's first Chief Ethics and Compliance Officer. The company has not taken companywide steps in the past to encourage legal and ethical behavior, but it has not experienced any public scandals, either. What actions would you take in your new job to institutionalize business ethics in this corporation?