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By Adam Turteltaub
adam.turteltaub@corporatecompliance.org
There is a lot written and discussed about ethical business practices. Not so much, though, if anything, on ethical business regulation.
Ruth Steinholtz of AreteWork wants to change that. A former general counsel with a passion for ethics, she works with numerous companies on making their values real. She is also the co-author of Ethical Business Practice and Regulation.
In her book, and in this podcast, Ruth argues for the development of a new approach to regulation based on informed trust. In a nutshell, companies with a strong commitment to ethical, compliant behavior, and, critically, with the evidence to prove it, should be able to bring their data to regulators. The goal: to lay a foundation of trust, which leads to a more constructive relationship both day to day, and when things go bad.
Listen in for her thought-provoking ideas that are already being piloted with one government.