A focus on ethics, driven by regulations, advocacy groups and corporate governance
Raleigh, N.C., October 14, 2010 – Leading design and construction firms consider an ethics program crucial to their long-term survival, according to a recent research study by FMI, the largest provider of management consulting and investment banking to the engineering and construction industry. Twenty CEOs, legal counsel and compliance officers spoke with FMI about their ethics programs, many reporting that both public and private owners are placing a greater emphasis on the reputation of a contractor today.
Supported by the Construction Industry Ethics and Compliance Initiative, and the Associated General Contractors of America, FMI research staff investigated the role that ethics play in today’s industry, and sought to stimulate interest in the topic. The resulting whitepaper, “Ethics programs: federal mandate, cultural opportunity” covers the following:
- Key motivations for implementing an ethics program
- Discussion of compliance with federal requirements
- The costs of unethical behavior
- Best practices for ethics programs and policies
- Recommendations on formalizing an ethics policy
“This isn’t just an issue of compliance,” says FMI senior consultant Andrew Patron. “The industry is being incentivized to enrich its culture, to maximize operational efficiency and to develop the current generation into the ethical, informed leaders of tomorrow.” The published article represents the first phase of an ongoing research study.
FMI’s management consulting practice provides a wide array of services, including strategy development, training and talent development, leadership and organizational development, compensation and rewards, marketing and related research, business development and project delivery improvement.
For more information about this report, or to schedule an interview with the author, please contact Sarah Vizard at 919.785.9221 or firstname.lastname@example.org.