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Internal Audit, A Partner in Ethics - Markkula Center for Applied Ethics

Simon Lorne, vice chairman and chief legal officer for Millennium Management, talks about the role of internal auditors in the ethical culture of an organization. In conversation with Kirk O. Hanson, executive director of the Markkula Center for Applied Ethics at Santa Clara University, Lorne describes the programs he put in practice at Millennium, a hedge fund manager. They discuss rules-based vs. principled approaches to codes of conduct, the importance of communicating the company's values, rewarding compliance and punishing lapses.
Length: 09:44

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