Elucidate the following: Ethics committee.

Ethics Committee: It is a good practice for companies to have an Ethics Committee comprising of Independent Non-Executive Directors who are responsible for ensuring that systems are in place in the company to assure employee compliance with the Code of Ethics. The oversight process of the Ethics Committee of an organization involves the following areas to be addressed by it: Review of the definitions of standards and procedures Facilitate Compliance Due diligence of prospective employees Oversight of communication and training of ethics programme Monitor and audit compliance Enforcement of disciplinary mechanism Analysis and follow-up