Escolar Documentos
Profissional Documentos
Cultura Documentos
Defining Ethics
Understanding of right and wrong Ability to distinguish between the right and the wrong. Integral part of life Running a business is a part of life
Corporate Ethics
Based on principles of integrity and fairness Focuses on Stakeholders, and employees. Quality of product and services Customer satisfaction. Community and environment
Corporate Ethics are implemented toDefine the framework of the acceptable behavior. Follow high standards of practice. Create benchmarks for self evaluation. Enhance sense of community. Create transparency in the business activities. Foster higher standards of business ethics. Comply with government laws and norms.
Everyone
Reward or punishment to ethical integrity and moral courage decide the act of an individual
The inferences
Overemphasis on immediate gains can cascade down the organization. Sending message to staff to generate cash flow, supersedes all other objectives, including personal integrity. This message carries more weight than official proclamations of values, and codes of ethics Corporate directors need to minimize a company s ethical liabilities and maximize its ethical assets
Does Satyam s story tell the myth and reality of Indian corporate ethics?
Ethics in Curriculum