BUSI 1600U Chapter Notes - Chapter 5: Corporate Social Responsibility, Whistleblower, Business Ethics
Document Summary
It"s not just for-profit business people that exhibit unethical behaviour. To those who have broken the law need to be punished accordingly. Arresting business leaders and sending them to jail may seem harsh, but it is a first step toward showing the public that it is time to get serious about legal and ethical behaviour in business. New laws making accounting records more transparent (easy to read and understand) and more laws making business people and others more accountable may help. The danger in writing new laws to correct behaviour is that people may begin to think that any behaviour that is within the law is also acceptable. Ethics reflects people"s proper relations with one another. Legality refers to laws we have written to protect ourselves from fraud, theft, and violence. Ethics standards of moral behaviour; that is, behaviour that is accepted by society as right versus wrong.
