BOSTON--An operation's focus on ethics is of critical importance in an era of increased disclosure requirements and corporate scrutiny after Enron and other scandals, an expert advised public sector risk managers meeting here.

That counsel came from Tris Felix, risk manager with IMA Financial Group of Kansas Inc., in Wichita, Kan., speaking at a session of the Public Risk Management Association's annual conference.

Mr. Felix said risk managers of public entities, charged with the public's trust, have an added duty to be vigilant.

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