Ethical Issues in Business and Accounting
March 5, 2013
Learning to Navigate the Rough Seas of Ethics
According to Gilber, D. and Rasche, A. (2012), the United National Global Compact which is Global Public Policy network advocating to universal principles in the areas of human rights, labor standards, environmental protection and anticorruption has turned into the world’s largest corporate responsibility initiative. The United Nations Global compact is now in year 11 with over 8,600 businesses and non business participants in over 130 countries (p.100).
The United Nations Global compact works by encouraging a critical mass of stakeholders, voluntarily to adopt this charter so that these socially responsible principles eventually become a mainstream practice versus regulating businesses. Organizations have a strong role in this national culture environment. They have control over management incentive systems features, board structures and internal control systems that clearly guide employee behavior.
The most significant organizational tools are mission and values statements, ethics training programs, and confidential processes for whistle-blowing. Also, I will briefly be discussing the three myths the eclipse of etiquette over ethics, how tolerance can handle all problems, and how business exists to maximize profits. There are several organizational tools for a company to utilize to help dispel the three beliefs and support the United Nations Global Compact Principles. Every company should use organizational tools in place so there will be no questions. The remainder of my paper will be discussing these three organizational tools, and how they can help a company dispel the three beliefs and support the United Nations Global Compact Principles.
Mission and value statements help define the company’s vision. A solid mission statement that contains ethical beliefs...