most companies begin the process of establishing organizational ethics program by developing

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Question

Most companies begin the process of establishing organizational ethics programs by developing _____________.

ethics training programmes

codes of conduct

ethics enforcement mechanisms

hidden agendas

Medium Open in App Solution Verified by Toppr

Correct option is A)

A major step in developing an effective ethics program would be to implement a training program and communication system to train educate and communicate employees about the firm’s ethical standards.

Training programs can educate employees about the firm’s policies and expectations, as well as relevant laws, regulations and general social standards. These can also make employees aware of available resources, support systems, and designated personnel who can assist them with ethical and legal advice. They empower employees to ask tough questions and make ethical decisions. Many companies are now incorporating ethics training into their employee and management development training efforts.

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Business Ethics in the Scenario of Corporate Governance by Pallavi Mahajan :: SSRN

Business ethics is a kind of applied ethics. It is the application of moral or ethical norms to business. Ethics is a set of principles or standards of human co

Business Ethics in the Scenario of Corporate Governance

7 Pages Posted: 16 Apr 2015

See all articles by Pallavi Mahajan

Pallavi Mahajan

Institute of Development Studies (IDS), Brighton

Date Written: April 14, 2015

Abstract

Business ethics is a kind of applied ethics. It is the application of moral or ethical norms to business. Ethics is a set of principles or standards of human conduct that govern the behaviour of individuals or organization. Business ethics comprises the principles and standards that guide behaviour in the conduct of business. Businesses must balance their desire to maximise profits against the needs of the stakeholders.

The various ethical philosophies which help in explaining ethics and its vitality in business are under the heads of deontological theory, teleology theory, relativism, enlightened egoism, fairness, justice, utilitarianism and virtual justice theory. The scope of business ethics can be understood as in the field of compliance, finance, human resource, marketing and production. More and more companies recognize the link between business ethics and financial performance. Companies displaying a clear commitment to ethical conduct consistently outperform companies that do not display ethical conduct.

A company must have an effective ethics programme to ensure that all employees understand its values and comply with the policies and codes of conduct that create its ethical climate. Most of the companies begin the process of establishing organizational ethics programs by developing codes of conduct. Commitment to ethical professional conduct is a must for every employees of the company in all of its business. The code consists of imperative formulated as statements of personal responsibility, identifies the elements of such commitment.

Ethics is the first line of defence against corruption while law enforcement id remedial and reactive. Good corporate governance goes beyond rules and regulations that the government can put in place. It is also about ethics and the values which drive companies in the conduct of their business. It is therefore all about the trust that is established over time between companies and their different stakeholders.

Keywords: business ethicsSuggested Citation: Suggested Citation

Mahajan, Pallavi, Business Ethics in the Scenario of Corporate Governance (April 14, 2015). Available at SSRN: https://ssrn.com/abstract=2594116 or http://dx.doi.org/10.2139/ssrn.2594116

Pallavi Mahajan (Contact Author)

Institute of Development Studies (IDS), Brighton ( email )

Library Road Brighton, BN1 9RE United Kingdom

स्रोत : papers.ssrn.com

Chapter 8: Developing an Effective Ethics Program Flashcards

BUS-180 Business Ethics Learn with flashcards, games, and more — for free.

Chapter 8: Developing an Effective Ethics Program

code of conduct

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Most companies begin the process of establishing organizational ethics programs by developing codes of conduct, or formal statements that describe what an organization expects of its employees

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1 / 6 Created by hhilbert Teacher

BUS-180 Business Ethics

Terms in this set (6)

code of conduct

Most companies begin the process of establishing organizational ethics programs by developing codes of conduct, or formal statements that describe what an organization expects of its employees

code of ethics

A code of ethics is the most comprehensive and consists of general statements, sometimes altruistic or inspirational, that serve as principles and as the basis for rules of conduct

compliance orientation

A compliance orientation creates order by requiring employees identify with and commit to specific required conduct

ethics officers

Organizational ethics programs must have oversight by high-ranking persons known to respect legal and ethical standards. These individuals are often referred to as ethics officers are responsible for managing their organizations' ethics and legal compliance programs

statement of values

formal The final type of ethical statement is a statement of values that serves the general public and also addresses distinct groups such as stakeholders

values orientation

strives to develop shared values

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