Asked by cristian sanchez on Apr 29, 2024
Verified
_____________ is a global compliance management standard that addresses risks, legal requirements, and stakeholder needs.
A) Ethical Trading Initiative
B) UN Global Compact
C) Defense Industry Initiative on Business Ethics and Conduct
D) Stakeholder theory
E) ISO 19600
ISO 19600
An international standard providing guidelines for compliance management systems, helping organizations to manage their compliance risks.
Global Compliance
The practice of ensuring that a corporation in multiple countries complies with all the applicable laws and regulations, both domestic and international.
Management Standard
A set of principles, models, or practices that guide and improve the effectiveness of management within organizations.
- Recognize the role of ethics initiatives and ethical guidelines in cultivating ethical atmospheres within businesses.
- Appreciate the importance of transparency and accountability in financial reporting.
Verified Answer
Learning Objectives
- Recognize the role of ethics initiatives and ethical guidelines in cultivating ethical atmospheres within businesses.
- Appreciate the importance of transparency and accountability in financial reporting.
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