More corporate time needed on Code of Ethics

Newly released research from Deloitte & Touche LLP, finds that while most companies have taken the initial steps toward establishing a code of ethics, a limited number are actively monitoring adherence to the programs. In a detailed questionnaire sent to 5,000 directors of the top 4,000 publicly traded companies, Deloitte determined that 83% of the firms responding have established formal codes of ethics and conduct, but 25% are not actively monitoring compliance.

Further slippage can be seen in the allocation of resources to ethics activities.