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Unformatted text preview: Business Ethics The standards of conduct and moral values governing actions and decisions in the work environment. Social responsibility Balance between whats right and whats profitable Often no clear-cut choices Often shaped by the organizations ethical climate 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 Concerns for Ethical and Societal Issues Sarbanes-Oxley Act 2002 law that added oversight for the nations major companies and a special oversight board to regulate pubic accounting firms that audit the financial records of these corporations Companys Regulate Themselves Ethics compliance officers Three-pronged approach o Engage in corporate philanthropy o Anticipate and manage risk o Identify opportunities...
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This note was uploaded on 02/09/2012 for the course ECON 101 taught by Professor Gottlieb during the Spring '08 term at Rutgers.
- Spring '08