MGMT 1040 Lecture Notes - Lecture 4: Whistleblower, Global Reporting Initiative, Social Entrepreneurship
Document Summary
Corporate ethics program- some combination of a statement of values, code of conduct and/or ethics. Statement of values- a description of the beliefs, principles, and basic assumptions about what is desirable or worth striving for in an organization. Code of conduct- explicitly states what appropriate behavior is by identifying what is acceptable and unacceptable. Code of ethics- a statement of principles or values that guide behavior by describing the general value system within which a corporation attempts to operate in a given environment. Conflict of interest- a situation in which a person or organization is involved in multiple interests, financial interest. Ethics audit- thorough formal examination of the labour practices of a particular workplace or company. Ethics officer- someone who aligns the practices of a workplace with the stated ethics and beliefs of that workplace. Ethics committee- a committee dedicated to overseeing the rights and well-being of research subjects participating in scientific studies.