I can speak from personal experience. An executive for the contractor I work for was caught with a massive undisclosed conflict of interests.
This had two main effects: we must now listen to an annual mandatory ethics briefing, in addition to all the briefings and paper work inflicted on us from previous misbehavior. (Note the things talked about during said briefing generally have nothing to do with what the executive was caught doing.) Second, the executive was summarily fired and managed to fall upward into a high level job with the agency we contract with.
I can speak from personal experience. An executive for the contractor I work for was caught with a massive undisclosed conflict of interests.
This had two main effects: we must now listen to an annual mandatory ethics briefing, in addition to all the briefings and paper work inflicted on us from previous misbehavior. (Note the things talked about during said briefing generally have nothing to do with what the executive was caught doing.) Second, the executive was summarily fired and managed to fall upward into a high level job with the agency we contract with.