Survey conducted by the Society of Corporate Compliance and Ethics and Health Care Compliance Association
MINNEAPOLIS, May 28 /PRNewswire-USNewswire/ -- At this critical time when the public, government leaders and others are calling for executive compensation and employee bonus reforms, it appears that there is relatively little connection between business ethics and corporate compensation, according to a recent survey conducted by the Society of Corporate Compliance and Ethics (SCCE) and its sister organization, the Health Care Compliance Association (HCCA). This new research among compliance and ethics professionals reveals that when it comes to compliance and ethics metrics, very little has been done to incent ethical behavior.
"The survey found that only a minority of companies have made ethics and compliance a process for determining how employees are compensated and only about one company in six ties employee bonuses and incentives to ethical performance," said Roy Snell, Chief Executive Officer, SCCE.
The majority of survey respondents indicated that compliance and ethics are not strongly tied to how executives and line employees are compensated. When it comes to bonuses, ethics and compliance plays an even smaller role. According to the survey numbers, only 34% of survey respondents reported that compliance and ethics had some impact on the compensation process for executives and in the highly sensitive area of bonuses, compliance and ethics does not appear to be a factor for 76% of companies.
"The net result is that there is more work to be done in aligning business practices with stated commitment to compliant, ethical behavior," said Snell.
To review the complete survey results, please click here: '/>"/>
SOURCE Society of Corporate Compliance and Ethics; Health Care Compliance Association
Copyright©2009 PR Newswire.
All rights reserved
Related medicine news :
1. Eye Related Symptoms Bring More Than Tears to Allergy Sufferers, New Survey Reveals
2. NBGH Survey Finds Recession Driving Many American Workers to Make Lifestyle Changes to Help Control Health Care Costs
3. New Survey Highlights Growing Concern About Risk of Infection in Cancer Patients and Emerging Antibiotic Resistance
4. CUHK Releases Results of Survey on Toddler Health in Hong Kong
5. The Gout & Uric Acid Education Society (GUAES) Announces New Survey Results Highlighting Major Gaps in Public Awareness of Gout
6. eDiets.com Survey: And the Best Butt Award Goes To...
7. New Survey Shows Consumers Making Effort to Buy Healthy Foods But Buyer Beware: Zero Isnt Always Zero
8. Many Companies Preparing on Global Scale for A(H1N1) Swine Flu Pandemic, According to Global Survey by Councils of The Conference Board
9. Trend Survey Reveals Future of Senior Living Communities
10. McGraw Wentworth Mid-Market Group Benefits Survey Shows Health Care Costs Increasing at 6-Year Low of 5%
11. Dr. Peter J. Capizzi of Stillwater Plastic Surgery Honored in Patient Satisfaction Survey