New York (June 18, 2003) -- Despite a wave of ethical lapses in major corporations, ethics officers say their boards of directors have never received training in ethics or compliance issues, The Conference Board reported.

While 81 percent of firms have conducted ethics and compliance training among their employees, only 27 percent have held any training sessions for their directors, according to the survey of more than 80 ethics, human resources and legal officers. About 55 percent of those surveyed say their boards are "not engaged enough" in major ethical issues involving the company.

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