The Ethics Of Corporate Ethics Programs - 1568 Words

Corporate Ethics programs are a tactic to promote ethical awareness amongst all employees within an organization at all ranks from entry level employees up to the executives. They provide great educational tools, providing employee knowledge on how to resolve ethical issues in any ethical dilemma they may encounter in their day to day activities or long term projects. They also assist organizations with increasing their performance therefore improving prosperity and making profits. Ethics programs help avoid scandals, by ensuring the organization abide by the laws in place, know how to respond when faced with a questionable situation, and how to report unethical actions they discover. Organizations must have a formal ethic plan in place to†¦show more content†¦Ã¯Æ'Ëœ An ethics program can also support the organization in dealing with regulation and technology changes. Organizations without ethical programs in place it will support management competing globally and set a new standard for organizations. The following elements are key to guarantee a strong ethics program and clearly state expectations for all individuals involved in the organizations doings no matter the ranking of the individual; employees, managers, or even members of the board of directors for the organization. All individuals being held to the same standard ensures no one can say they are being treated unfairly. Risk Assessments Every year the organization should complete a risk assessment to identify any high risk factors. Upon the completion of the risk assessment actions will be taken to alleviate any risks identified. A detailed report will then be provided to all members of the board of directors to ensure they are knowledgeable of what is happening. Internal and External Communication Communication must be clear and concise among all employees of the organization to prevent potential miscommunications and confusion. Managers should send personalized communication regularly. Senior managers should take initiative, if the need arises, to direct appropriate methods for employees to implement and follow. Consistent Appraisal and Enforcement The organization culture should beShow MoreRelatedEssay about Corporate Ethics Program3992 Words   |  16 Pagescontinued to grow. Consumers increasingly look to support and buy from companies that make ethical decisions. The government has also created new legislation that requires a certain level of ethics and creates encouragement for companies to go as far as to create ethics programs. The idea of â€Å"business ethics† is not new, but there is more pressure now than ever before on companies to prove they are making an honest effort to be ethical. This additional pressure on companies can be largely attributedRead MoreThe Integration Of Law And Ethics945 Words   |  4 PagesAs the subject title indicates, Substantive ethics is about the integration of law and ethics in corporate ethics programs. The author of this article gives numerous examples of why integration of law and ethics is needed. There are numerous areas of concern, such as dishonest corporate dealings, g lobal human rights, tort lawsuits, and questionable executive salaries (Blodgett, 2012). There is a view that laws are rules meant to be followed and not necessarily understood for its ethical value. ThisRead MoreObjective 310.2.3-08 Develop an Ethics Program Essay example1475 Words   |  6 Pageshave an ethics program in place before we start offering services. A company must have an effective ethics program to ensure that all employees understand its values and comply with the policies and codes of conduct that create its ethical culture (Ferrell, Ferrell Fraedrich, 2008, p. 211). In order to develop an effective ethics program, it must contain certain items. It must first have a code of conduct to establish what is and is not acceptable behavior and to set a general corporate toneRead MoreBenefits Of Ethical Leadership : A Positive Corporate Reputation, Ethically Empowered Employees, Increased Quality, And Higher1734 Words   |  7 Pagesleadership; having a positive corporate reputation, ethically empowered employees, increased quality, and higher customer satisfaction. Ethical leadership will benefit an organization, because it creates a healthy ethical environment, and culture which produces a positive corporate reputation. This will foster employees that; appreciate that ethics is important, recognizes and discusses ethical conce rns, works to resolve ethics issues at the lowest level, sees ethics as part of quality, understandsRead MoreThe Five Business Ethics Myths Essay879 Words   |  4 PagesCommon Ethics Misconceptions Trevino Brown (2004) in Academy of Management Executives talked about the five business ethics myths. 1. It is easy to be ethical 2. Unethical behavior in business results from bad people 3. A formal code of ethics is the easiest way to manage them 4. Principled leadership revolves around your leaders 5. At one time, people appeared to be more ethical Pundits and business leaders say being ethical is straightforward when being ethical is complexRead MoreEthical Ethics And Financial Performance1206 Words   |  5 Pagesbecome ethical throughout many perspectives. Ethics refers to the standards of right and wrong in an attempt to influence behaviour. (Kinicki 2015, p.83) In stating this, companies can be ethical within numerous occasions such as ethics and financial performance, ethical performance, ethics and sustainability and ethical competition such as competitive advantage. Despite the positive side, there are also some negative implications towards ethics. Ethics and financial performance: jEthics can be addressedRead MoreOrganizations and Their Ethics and Social Responsiblity Essay733 Words   |  3 Pages Ethics and social responsibility are integral components in developing a strategic plan while considering stakeholder needs. As such, ethics and social responsibility should be deemed as an essential strategic concern within all organizations. Ethics and social responsibility has the capacity to make or break an organization; the success of an organization’s strategic plan is dependent upon it. This paper will explain the role of ethics and social responsibility in developing a strategic plan whileRead MoreExpanding Leadership Diversity Through Formal Mentoring Programs1184 Words   |  5 PagesOlson, D. A., Jackson, D. (2009). Expanding leadership diversity through formal mentoring programs. Journal of Leadership Studies, 3(1), 47-60. To attract and retain people, it is essential that organizations design and successfully implement pro- grams and processes that develop people and nurture their talents. For those who aspire to a leader- ship role, the opportunity to engage in mentoring relationships with senior-level leaders is a powerful way to accelerate growth. In the majority of informalRead MoreWhat Must Be Done to Improve Ethics in Finance and Corporate Governance?1211 Words   |  5 PagesU10A2- Essay Louise Pettiford What must be done to improve ethics in finance and corporate governance? Corporate governance can be referred to the rules, processes, or laws by which businesses are operated, regulated and controlled. It can also refer to internal factors defined by the officers, stockholders or constitution of a corporation. After finding the meaning of Corporate governance, which can also be referred to corporate responsibility, I thought about the policies in which the companyRead MoreManagement Planning and Ethics1121 Words   |  5 Pagesleads to the SWOT analysis in which all factors are taken into account and a detailed plan is derived. Several factors play a role in determining the planning process in a company. Some of these factors in my organization include legal issues, ethics and corporate social responsibility. In my organization specifically the planning stage starts when a client is considering the company for a translation or localization project. The manager of the department makes a decision whether or not the department