ch03 - Introduction to Business Ethics ChapterIII Chapter Objectives Present the definition of ethics in general and business ethics in particular

ch03 - Introduction to Business Ethics ChapterIII Chapter...

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Introduction to Business Ethics Chapter III 
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Chapter Objectives: Present the definition of ethics in general and business ethics in particular. • Recognize the need for a code of ethics that is upheld especially by setting the right “tone at the top.” • Become familiar with the SEC rules and regulations relating to ethics. • Provide an overview of listing standards and suggestions relating to ethics. • Understand the board’s role in setting the company’s ethical codes. • Recognize the benefits of and need for an ethical workplace. • Identify incentive programs and their roles in promoting an ethical workplace. • Illustrate that actions speak louder than words in promoting an ethical workplace. • Discuss the integration of business ethics into the business curriculum. • Provide an example of proficient implementation of an ethical code by examining the Defense Industry Initiatives on Business Ethics and Conduct.
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Key Terms Business ethics Code of Ethics Committee of Sponsoring Organizations Of the Treadway Committee (COSO) Conference board Defense Industry Initiatives on Business Ethics and Conduct Ethical Behavior Ethical Incentives Ethical Sensitivity
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Ethical Theories There are several broadly accepted ethical theories. - Consequentialist Theory - Nonconsequentialist Theory - The Individualist Dimension of Ethical Decision - Collectivist Theory - Metaethics - Normative Ethics - Business Ethics
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Ethics In Workplace There is increased interaction between the board of directors, audit committees, internal auditors, external auditors, executives, and employees in general regarding ethical conduct in the workplace . IS IT A RESULT OF SOX IMPLEMENTATION? SOX is reported to have a positive impact on business codes of ethics. But OTHER elements are required to promote competency and integrity among all participants.
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Findings of Deloitte&Touche 2007 Survey on Ethics and Workplace
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Findings of Deloitte&Touche 2007 Survey on Ethics and Workplace
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Findings of Deloitte&Touche 2007 Survey on Ethics and Workplace
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Findings of Deloitte&Touche 2007 Survey on Ethics and Workplace
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Findings of Deloitte&Touche 2007 Survey on Ethics and Workplace
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THUS: All organizations, regardless of their mission (e.g., profit oriented, nonprofit) and size (large vs. small), should establish an “organizational ethical culture.” The phrase “organizational ethical culture” consists of three words: (1) organization, which is defined as a group of individuals or entities bound to achieve a shared goal; (2) ethics, which is honorable behavior conforming to the norm of the group; (3) culture, which is a pattern of shared beliefs adopted by the group in dealing with its internal and external affairs.
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  • Spring '12
  • Srinivas
  • Business Ethics, Ethics, Business Ethics and Conduct, Ethics and Workplace, Triangle of Business Ethics

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