CBA 110 Chapter Notes - Chapter 2: Yoplait, European Union Law, Product Liability

• School: Rider University
• Department: College of Business
• Course: CBA 110
• Professor: All

Document Summary

Ethics- standards of conduct and moral values governing actions and decisions in the work environment. Have to be ethical to customers, employees, investors, and society. 2002 law that added oversight for the nations major companies and a special oversight board to regulate public accounting firms that audit the financial records of these corporations. Nron pushed all their losses onto subsidiary companies. Now you have to have seperate record makers and auditors. If you have code of ethics you have to publish it. Establish code of ethics and areas of risks. Avoid delegation to those that are at risk for misconduct. Ethical training programs must report violations and misconduct to govt. Individuals of the company make a difference. Try to create value in doing the right thing. Rules are followed only out of fear or anticipation for reward. Dealing with your own part instead of helping others. Care for others interests, not just your own.