25557 Chapter Notes - Chapter 2: Kantian Ethics, Whistleblower, Insider Trading
Document Summary
Ethics - set of moral principles or values. Business ethics - the principles, norms and standards of conduct that operate within business. Values - one"s core beliefs about what is important, what is valued and how one should behave across a wide variety of situations. Right thing to do depends on the consequences from our actions. Locates morality in the consequences of an act, in the states of the world after acting. Causing one person grief is simply wrong. Reasoning depends on intrinsic quality of act, some actions appear categorically wrong. Three branches of normative reasoning: consequentialism - utilitarianism, outcomes, deontology - kantian ethics, act, virtue ethics - person, character. Components whistleblowing policy: an effectively communicated statement of responsibility, clearly-de ned procedure for reporting, trained personnel to receive and investigate reports, a commitment to take appropriate action, a guarantee against retaliation. Conducting business within the law in enough is one viewpoint. Law de nes rules applied to public life.
