Compliance and ethics programs in small businesses: Can they afford it?

Compliance and ethics programs in small businesses: Can they afford it?

Joe Murphy – Compliance & Ethics Professional – February 2014

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Can smaller companies afford compliance programs? Can we expect smaller companies to pay the dollars needed for programs, like the big, multinationals do?

This question was one of the reasons I wrote the SCCE white paper, “A Compliance & Ethics Program on a Dollar a Day: How Small Companies Can Have Effective Programs.” The point is very basic: Effective compliance and ethics programs are not about money. They are about management commitment. Throwing resources at compliance will not get results; having a management that believes in doing the right thing and takes diligent management steps to reach that result are what matters.

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