ABSTRACT
Corporate risks are difficult to control and there is a high probability of occurrence, so it is necessary to prevent or limit the damage and the impact they can make. Organizations must train their employees on the ethical and legal boundaries that exist in business management to help them make the right decisions in their work and reduce the risk of noncompliance. A program of ethics and compliance helps to raise moral issues, identify problems, anticipate and prevent risks; to “feel” their presence and react quickly. A mature ethical culture protects the company against abuses of the authority of chiefs, supervisors, managers, or directors. An ethical crisis can put the whole organization at risk, even when the sales, profits, or growth plans have been fulfilled. It is necessary to face the problem and corporate leaders should commit themselves and include ethics and compliance in the strategic agenda so that they are integrated into the daily management of the organization.
