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Ground Rules In The Galleon Essay

For the law firms, a multi-point ethical program can address some of the shortcomings of their employees. Fraud is a unique ethical case, since there is no ethical dilemma, only outright criminality. To an extent, fraud is a situation where it is garbage in, garbage out. Thus, hiring becomes the first step in building a strong ethical program. This is especially true in an M&A division, where workers will be exposed to insider trading opportunities on a near-daily basis. The firms must incorporate ethics testing and other techniques to improve the ethical quality of their new hires.

New hires should be subjected to an intensive ethical training program. Company standards must be made clear, along with the consequences of breach of those standards. The ethics training program should be reinforced with follow-up programs, to make sure that the high ethical standards become part of the corporate culture. The program should be supported at the highest levels of the company, from the senior partners on down...

It seems reasonable that some in these law firms suspected illegal activity, but did not act on those suspicions. Communication of these mechanisms is essential for employees to weed out fraud and other unethical activities from their midst.
Works Cited:

Glovin, D.; van Voris, B. & Gallu, J. (2009). Hedge fund managers, traders charged in Galleon trading probe. Bloomberg. Retrieved November 6, 2009, from http://www.bloomberg.com/apps/news?pid=20601087&sid=aJH6VTdbln4A&Pos=1

Gleeson, W. (2003). Designing an effective corporate ethics program. LexisNexis. Retrieved November 17, 2009 from http://www.martindale.com/pdf/c2c/magazine/2003_September/c2c9_03_BP_CorpEthics.pdf

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Works Cited:

Glovin, D.; van Voris, B. & Gallu, J. (2009). Hedge fund managers, traders charged in Galleon trading probe. Bloomberg. Retrieved November 6, 2009, from http://www.bloomberg.com/apps/news?pid=20601087&sid=aJH6VTdbln4A&Pos=1

Gleeson, W. (2003). Designing an effective corporate ethics program. LexisNexis. Retrieved November 17, 2009 from http://www.martindale.com/pdf/c2c/magazine/2003_September/c2c9_03_BP_CorpEthics.pdf
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