The January 2008 edition of Strategic Finance includes an article by Curtis C. Verschoor titled “ERC Says Ethics Risk Landscape Still Treacherous.”

Instructions
Read the article and answer the following questions.
(a) In 2007 what percentage of employees in the survey said that they had personally observed violations of company ethics standards, policy, or the law? How did this percentage compare with 2005 and 2003?
(b) What were the three most frequent types of observed misconduct, and what percentage of employees observed each type of behavior?
(c) What percentage of employees who witnessed misconduct did not report it through company channels? What were the two most common reasons given for not reporting?
(d) What are the key elements of an effective ethics and compliance program?