04 MGT 353 Chap 4

S corporate sentencing guidelines sarbanes oxley act

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Unformatted text preview: nes-Oxley Act of 2002 Although they apply only to U.S.-based firms, these legal requirements also provide a model for firms that operate outside the United States 4-10 Five Key Reasons Business Should Be Ethical 4. To prevent or minimize harm Overriding principle that business should “do no harm” Examples include not harming society with toxic waste, protecting business from unethical employees and unethical competitors 4-11 Five Key Reasons Business Should Be Ethical 5. To promote personal morality Knowing one works in a supportive ethical climate contributes to sense of psychological security People want to work for companies that do the right thing 4-12 Why Ethical Problems Occur in Business Four Primary Reasons 1. Personal gain and selfish interest (“ethical ego...
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