This balance may be one of the most challenging aspects of being an ethical organization. The Federal Sentencing Guidelines for Organizations provide an additional incentive for having corporate codes of ethics and ethics training. Companies that have made a bona fide effort to prevent unethical and illegal behavior are likely to receive less severe punishment should an employee be found guilty of breaking the law.
The unethical conduct of just a few employees can affect an entire corporation. A professional code of ethics sets a standard for which each member of the profession can be expected to meet. As long as professionals adhere to these standards, the public is willing to have their professional associations create and enforce their ethical codes. The Sarbanes-Oxley Act of was enacted in response to such violations and the ensuing public outcry. Most professionals would prefer to police themselves, rather than have an externally imposed set of regulations.
That is a major reason why they create codes of ethics in the first place. Within a corporation, top-down support is critical. It is critical for managers and executives to:. On the other hand, promoting and providing bonuses to employees whose successes are due in part to unethical behavior sends an unwanted message. Remaining ethical is not a static issue. It requires review and evaluation.
Companies need to periodically review their priorities and make necessary adjustments. Otherwise, their standards and training become outdated. More information regarding this course or the new High-Performance certificate courses is available by calling See if your office building is seeking certification for virus preparedness like these first-in-their-city facilities January 27, In "Developments » Safety and Health".
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Search for:. How To. Ethics and Making a Business Successful A successful business depends on the trust of various parties—employees, managers, executives, customers, suppliers, and even competitors. Six ethical terms form the foundation of trust upon which ethical business practice is built: Ethics Values Morals Integrity Character Laws Ethics Ethics refers to a set of rules that describes acceptable conduct in society.
Examples of the types of standards found in professional codes of ethics include: An attorney or physician maintaining client-patient confidentiality An accountant not using client information for personal gain Values Values are defined as the acts, customs, and institutions that a group of people regard in a favorable way.
Morals Morals are a set of rules or mode of conduct on which society is based. Moral rules are important : In general, moral rules are rules that help society function in a civilized way. Morality consists of universal rules : They apply to everyone, everywhere, and are recognized by everyone as being necessary.
Morals are objective : They do not consider personal preferences. Right is right and wrong is wrong. Morality affects other people : Morality involves considering the well-being of others as reflected by the Golden Rule: Do unto others as you would have them do unto you.
Integrity To have integrity is to be honest and sincere. Character Ethics is not just how we think and act. In addition ethics is important because of the following:.
Satisfying Basic Human Needs: Being fair, honest and ethical is one the basic human needs. Every employee desires to be such himself and to work for an organization that is fair and ethical in its practices. Creating Credibility: An organization that is believed to be driven by moral values is respected in the society even by those who may have no information about the working and the businesses or an organization.
Infosys, for example is perceived as an organization for good corporate governance and social responsibility initiatives. This perception is held far and wide even by those who do not even know what business the organization is into. Uniting People and Leadership: An organization driven by values is revered by its employees also.
They are the common thread that brings the employees and the decision makers on a common platform. A counter argument may be that the action itself can be regarded as ethical, regardless of the reason for taking the action. This perspective focuses more on the end result rather than the means to the end. Skip to content Chapter 1: Ethical Behaviour.
As an individual, you can ask yourself what society would be like if everyone conducted their moral selves like you do. Would society be better or worse? By asking yourself this question, your are really testing the universality of your behaviour.
Immanuel Kant, a famous scholar of ethics, suggests we should only act in ways that we would want everyone else in the same situation to act. We should also consider any way that we can improve our moral life to make society better. Previous: Introduction.
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