Good Ethics is Good Business - Part 1-Compliance Is Not Ethics

The video discusses the importance of ethics in the corporate world, highlighting the common belief that good ethics is good business. It differentiates between compliance and ethics, emphasizing that they require different skill sets. The video also addresses the disparity in training budgets for compliance and ethics, using a government agency as an example. A case study of Citigroup illustrates the consequences of ethical lapses, showing the disconnect between corporate leadership's ethical statements and actual practices. The video concludes by stressing the need to prioritize ethics training separately from compliance.

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