Transcript how organizations shape ethical conduct acting responsibly to

Concern for Ethical and Societal
Issues
• Sarbanes-Oxley Act
• Business Ethics
• Social responsibility
• Balance between what’s right and what’s profitable
• Often no clear-cut choices
• Often shaped by the organization’s ethical climate
THE NEW ETHICAL ENVIRONMENT
• Vast majority of businesses behave ethically.
• New corporate officers charged with deterring wrongdoing and ensuring ethical
standards
Individuals Make a Difference
• Personal ethics matter.
• Survey of British workers found 30 percent spent 30 minutes daily doing
personal business online.
• Technology has expanded abuses.
Development of Individual Ethics
On-the-Job Ethical Dilemmas
HOW ORGANIZATIONS SHAPE
ETHICAL CONDUCT
ACTING RESPONSIBLY TO SATISFY
SOCIETY
• Social Responsibility
• Contributions to the overall economy
• Job opportunities
• Charitable contributions and service
• Social audits
Responsibilities to the General Public
• Public Health Issues
• Protecting the Environment
• Recycling
• Developing the Quality of the Workforce
• Corporate Philanthropy
Responsibilities to Customers
• The Right to Be Safe
• The Right to Be Informed
• The Right to Choose
• The Right to Be Heard
Responsibilities to Employees
• Workplace Safety
• Quality-of-Life Issues
• Ensuring Equal Opportunity on the Job
• Age Discrimination
• Sexual Harassment and Sexism
Responsibilities to Investors and
the Financial Community
• Obligation to make profits for shareholders
• Expectation of ethical and moral behavior
• Protect investors’ interests