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Compliance and ethics programs: competitive advantage through the law

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  • Evan Peterson

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Abstract

This paper aims to address whether deploying compliance and ethics programs will assist US organizations in implementing the internal mechanisms necessary to achieve a competitive advantage from the law. My focus will be on the US legal system, as the corporate compliance and ethics programs examined are based on mitigation provisions contained in the US Federal Sentencing Guidelines. In particular, I propose that organizations can attain a sustainable competitive advantage from the law by considering the following questions: Do compliance and ethics programs assist organizations in achieving a better understanding of the law? Are compliance and ethics programs a cost-effective approach for coping with an organization’s legal issues? Can compliance and ethics programs aid organizations by preventing these legal issues from occurring in the future? Will compliance and ethics programs support organizations in reframing legal issues as business opportunities? Copyright Springer Science+Business Media, LLC. 2013

Suggested Citation

  • Evan Peterson, 2013. "Compliance and ethics programs: competitive advantage through the law," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 17(4), pages 1027-1045, November.
  • Handle: RePEc:kap:jmgtgv:v:17:y:2013:i:4:p:1027-1045
    DOI: 10.1007/s10997-012-9212-y
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    References listed on IDEAS

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    1. Rob van Tulder & Ans Kolk, 2001. "Multinationality and Corporate Ethics: Codes of Conduct in the Sporting Goods Industry," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 32(2), pages 267-283, June.
    2. Shimshack, Jay P. & Ward, Michael B., 2005. "Regulator reputation, enforcement, and environmental compliance," Journal of Environmental Economics and Management, Elsevier, vol. 50(3), pages 519-540, November.
    3. Cynthia Stohl & Michael Stohl & Lucy Popova, 2009. "A New Generation of Corporate Codes of Ethics," Journal of Business Ethics, Springer, vol. 90(4), pages 607-622, December.
    4. John C. Lere & Bruce R. Gaumnitz, 2007. "Changing Behavior by Improving Codes of Ethics," American Journal of Business, Emerald Group Publishing, vol. 22(2), pages 7-18, October.
    5. Paul Shum & Sharon Yam, 2011. "Ethics and Law: Guiding the Invisible Hand to Correct Corporate Social Responsibility Externalities," Journal of Business Ethics, Springer, vol. 98(4), pages 549-571, February.
    6. Dyson, Robert G., 2004. "Strategic development and SWOT analysis at the University of Warwick," European Journal of Operational Research, Elsevier, vol. 152(3), pages 631-640, February.
    7. Betsy Stevens, 2008. "Corporate Ethical Codes: Effective Instruments For Influencing Behavior," Journal of Business Ethics, Springer, vol. 78(4), pages 601-609, April.
    8. Kolk, Ans & van Tulder, Rob, 2002. "The Effectiveness of Self-regulation:: Corporate Codes of Conduct and Child Labour," European Management Journal, Elsevier, vol. 20(3), pages 260-271, June.
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