I think implementing an ethics program can address these issues by showing all suppliers, employees, even the corporate heads that this company stands for what is right, and they want to bring the company back to core values and good ethics. I believe for the most part all these issues that Butterfly is suffering are all ethical issues. If everyone in the company, even foreign companies, know that there will be a new ethics committee and that every company will be expected to follow this set of ethical guidelines, will help get this company back on track. Either the companies will follow the new set of ethical guidelines or be penalized, or they may want to close down. Unfortunately, it is more difficult to control foreign companies because our ethics in the United States are completely different.
2. I think that the new ethics committee should have a wide array of people. I think it should have a representative from each continent that has a Butterfly, both men and woman with different areas of expertise. I think the committee’s first steps toward implementing an effective ethics program should be to communicate these new ethical standards.