Dis 4.docx - Ethical programs that are part of a social...

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Ethical programs that are part of a social contract are excellent motivators for organizations [Wei14]. “Studies suggest that ethics programs matter more than compliance programs on several dimensions of ethics, for example, awareness of issues, search for advice, reporting violations, decision making, and commitment to the firm. Business relationships based on mutual trust and ethical principles combined with regulation result in long- term economic gains for organizations, shareholders, and stakeholders”[Wei14]. I am doing my project for this class on a pharmaceutical distributor, corporate governance, compliance, must be followed, if not, someone could die. This social contract mentioned above, is very important for many reasons. Our customers must trust us, they must know that the products we are selling to them meet all FDA regulations and are delivered safely and are secure during transit. Then on the other side, the manufacturers must trust us as well. Without them we wouldn’t have access to the drugs that out
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