Chapter 2 Ethics - Concern for Ethical and Societal Issues...

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Concern for Ethical and Societal Issues Business Ethics - The standards of conduct and moral values governing actions and decisions in the work environment. o Social responsibility o Balance between what’s right and what’s profitable o Often no clear-cut choices. o Often shaped by the organization’s ethical climate Sarbanes-Oxley Act - 2002 law that added oversight for the nation’s major companies and a special oversight board to regulate public accounting firms that audit the financial records of these corporations. The Contemporary Ethical Environment High profile investigations and arrests in headlines. Vast majority of businesses ethical. New corporate officers charged with deterring wrongdoing and ensuring ethical standards. Individuals Make a Difference Individuals can make the difference in ethical expectations and behavior o Putting own interest ahead of the organization. o
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Chapter 2 Ethics - Concern for Ethical and Societal Issues...

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