{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

DSST Business Ethics and Society-Study Guide 2

Spreading rumors sells the security and adds short

Info icon This preview shows pages 7–9. Sign up to view the full content.

View Full Document Right Arrow Icon
spreading rumors, sells the security and adds short position, then "downgrade" the security or spread negative rumors to push the price down. Accepting bribes can be classified as corruption; almost everyone in a position of authority, particularly public authority, has the potential for such wrongdoing. Similarly, use of government or corporate property or assets for personal use is fraud, and classifying this as a COI does not improve the analysis of this problem. Nor should unauthorized distribution of confidential information, in itself, be considered a COI. For these improper acts, there is no inherent conflict of roles (see above), unless being a (fallible) human being rather than (say) a robot in a position of power or authority is considered to be a conflict. A non-disclosure agreement (NDA), also known as a confidentiality agreement , confidential disclosure agreement (CDA), proprietary information agreement (PIA), or secrecy agreement Legal contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict access to by third parties
Image of page 7

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
NDA creates a confidential relationship between parties to protect any type of confidential & proprietary information or trade secrets. As such, an NDA protects non-public business information. NDAs can be "mutual", meaning both parties are restricted in their use of the materials provided, or they can restrict the use of material by a single party. It is possible for an employee to sign an NDA or NDA-like agreement with an employer. In fact, some employment agreements will include a clause restricting employees' use and dissemination of company-owned "confidential information." In rare cases, the contract may state that the existence of the NDA itself cannot be disclosed. There are 3 broad categories of NDAs: bilateral, unilateral, & unilateral with a noncompete. Unilateral nondisclosure agreements are the most common and prohibit employees from disclosing the company's proprietary information. Unilateral NDAs that include noncompete agreements are often used by companies that hire contract workers. Noncompete agreements limit when, where, and for whom the contractor may work after completing the assignment. In order to be legally enforceable, an NDA must be specific. Nondisclosure agreements (NDAs) must differentiate among the kinds of confidential information to be disclosed. For example, trade secrets, contact lists, and business processes are all different kinds of confidential information. Also, because an NDA is a contract and contract law varies by state, it’s a good idea for the company to consult a lawyer when drafting an NDA. Much of what will go into a non-disclosure agreement are clauses that will protect the person receiving the information so that if they lawfully obtained the information through other sources they would not be obligated to keep the information secret. In other words, the non-disclosure agreement typically only requires the receiving party to maintain
Image of page 8
Image of page 9
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}