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E-Training in Ethical Behavior
Abstract
This article discusses the use of online or electronic e-training in ethical behavior and why this training is important to companies their stakeholders and to sustainable company growth. But what are the characteristics of an effective ethics training program? Four components are discussed. One only has to examine the news to learn of the latest unethical episode affecting leaders’ business and personal life. For example, in September 2004, the financial regulatory body of Japan announced the closure of Citigroup’s Private Banking business citing improper trading practices. Prior to this decision Citigroup admitted it erred in a bond deal in Europe which regulators got involved. The importance of ethics training can be seen in the number of ethics issues as they pertain to these examples of flawed reasoning and decision-making by company leaders and continuing today. Research has shown knowledge develops effective interventions that help to discourage unethical decisions (McMahon & Harvey, 2006). While it may be well known that colleges provide online courses, online corporate training for legal compliance is already being used by securities firms to deliver mandatory and highly regulated compliance information to registered representatives (Barnes & Blackwell, 2004).
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