RSM100Y1 Lecture Notes - Lecture 2: Computer-Integrated Manufacturing, Canada Green Building Council, Integrated Marketing Communications
Textbook chapter 2: business ethics and social responsibility. Business ethics: standards of conduct and moral values regarding right and wrong actions. Businesses must find balance between ethics, and profitability. Sarbanes-oxley and bill 198/ c-sox: u. s (c-sox is canadian) legislation designed to deter and punish corporate and accounting fraud and corruption. Also protects the interests of workers and shareholders by requiring enhanced financial disclosures, criminal penalties for ceos and cfos who defraud investors and safeguards for whistle-blowers. A situation in which an employee must choose (cid:271)et(cid:449)ee(cid:374) a (cid:271)usi(cid:374)ess"s welfare and personal gain. Beha(cid:448)i(cid:374)g a(cid:272)(cid:272)o(cid:396)di(cid:374)g to o(cid:374)e"s deepl(cid:455) felt ethi(cid:272)al p(cid:396)i(cid:374)(cid:272)iples i(cid:374) (cid:271)usi(cid:374)ess situations. Disclosure to company officials, government officials or the media of illegal, immoral or unethical practices committed by an organization. Ethical awareness firm can provide guidance on ethical awareness through developing a. Ethical behavior can be challenged when high value is placed on performance. Ethical leadership employees must be committed to company core values.