"Discuss The Ethical Conduct Of Aig Executives And How A Stronger Ethics Program Might Help The Company To Strengthen The Ethics Of Its Corporate Culture" Essays and Research Papers

  • Discuss The Ethical Conduct Of Aig Executives And How A Stronger Ethics Program Might Help The Company To Strengthen The Ethics Of Its Corporate Culture

    Ethics Programs: Can Employees Be Trained To Walk The Right Path? By: Cheryl Carmanita Goodwin University of Maryland University College BMGT 496 – Business Ethics Professor David Dawson November 25, 2007 Table of Contents Page Introduction 3 Purpose of Ethics Training 4 Reasons Employees Engage in Unethical Activities 5 Developing an Effective Ethics Program 6 Implementing Ethic Programs 8 Conclusion 9 References 10 Introduction In recent years, America has witnessed...

    Applied ethics, Business, Business ethics 1699  Words | 6  Pages

  • Case Study Aig

    and Ethical Risks at American International Group (AIG). Abstract American International Group, Inc. (AIG reported bogus transactions that hid losses and inflated its net worth. AIG inflated reserve funds that were to be used for paying claims by millions of dollars and that AIG's CEO Maurice Greenberg repeatedly directed AIG traders late in the day to buy AIG shares to prop up its price. However, aside from AIG’s corporate financial reporting errors or outright fraud, the companies ethical...

    AIG Financial Products, American International Group, Emergency Economic Stabilization Act of 2008 914  Words | 3  Pages

  • AIG case study

    Coping with Financial and Ethical Risks at American International Group (AIG) 1. Discuss the role that AIG’s corporate culture played in its downfall. The corporate ethical culture at AIG was far from a good one. The corporate culture focused on high risk taking schemes that were only there to focus mostly on short-term financial gain. The AIG Financial Products unit specialized in derivatives and other complex financial contracts that were tied to subprime mortgages or commodities. While...

    AIG Financial Products, American International Group, Ethics 450  Words | 2  Pages

  • Ethics Program

    Ethics Program AC504: Ethical Issues in Business and Accounting July 7, 2013 Amy Muscarello Our new company is a family owned distribution company called TAM’s. The family has one corporate office in Palatine, Illinois. They have ten warehouses in Ohio (Cincinnati, Dayton, and Cleveland), Wisconsin (Madison and Chippewa Falls), Illinois (Bloomington and Palatine), Minnesota (Eagan), Indiana (Indianapolis), and Michigan (Detroit). The father and son are the CEO and CFO of the company. They...

    Board of directors, Business ethics, Corporate governance 1368  Words | 5  Pages

  • The Demise of Aig

    The Demise of AIG: A Corporate Downfall Crystal Ruff Globe University ABSTRACT This paper focuses on the financial demise of AIG and the corporate culture that pushed it there. It lays out specific factors that contributed to the bailout of the company and the ethical conduct of the executives that contributed to the poor decisions that led the company to a massive failure and ultimately, a bailout. Even though the company is on the road to recovery, its reputation has been damaged and some...

    Business, Business ethics, Credit default swap 846  Words | 3  Pages

  • Business Ethics

    Coping with Financial and Ethical Risks at AIG Coping with Financial and Ethical Risks at AIG Coping with Financial and Ethical Risks at AIG Abstract American International Group (AIG) had grown to become a large and well respected insurance company throughout the world. But, this was short lived when AIG collapsed in 2008 and resulted in the government having to bail them out to stay “afloat” during the financial crisis during the years 2008 and 2009. They had a market value of around $200...

    Actuarial science, American International Group, Credit default swap 651  Words | 2  Pages

  • Business Ethics

    What is Business Ethics? Business ethics is exactly the same as normal ethics, and that knows what is right or wrong, and learning what is right and what is wrong in a business environment. Then doing the right thing, but "the right thing" is not as straightforward as explained in many business ethics books. Most ethical dilemmas in the workplace are not simply a matter of "Should she steal from him?" or "Should he lie to his boss?" Businesses cannot function without ethics, why? Society dictates...

    Applied ethics, Business, Business ethics 2471  Words | 7  Pages

  • Business Ethics Across Cultures

    Business Ethics across Cultures Article Review Paula Plattner XMGT/216 June 23, 2013 Swinton Hudson Business Ethics across Cultures Article Review The idea of globalized business ethics is an interesting idea, however what is considered ethical or moral in one culture, may not be if importance in another. The following paper looks at two different articles that appeared in the Journal of Business Ethics for two very different countries. The first article is Business Ethics in Canada: Distinctiveness...

    Applied ethics, Business, Business ethics 1455  Words | 5  Pages

  • Business Ethics Across Cultures

    Business Ethics Across Cultures Article Review | | Instructor | | 8/1/2010 | While researching business ethics across cultures, we discovered some of the same behaviors surrounding ethics in the United States is the same across the ocean. Outlined in this document will be the positive and negative side of business ethics. Explained will be the ethical perspective of corporate social responsibility and ethical conflicts. Corporate social responsibility (CSR) will show how a community...

    Applied ethics, Business, Business ethics 1463  Words | 5  Pages

  • ethics in the workplace

    How do Workplace Ethics Apply to the Goals of an Organization and the Work of Employees? Abstract Ethics in the workplace are viewed in the business world as an attempt to communicate its expectations and standards of ethical behavior in the workplace. In recent years, managers and workers have expressed concerns about how ethics in the workplace apply to the goals of an organization and the work of the employees. The Ethics Resource Center...

    Applied ethics, Business, Business ethics 1318  Words | 5  Pages

  • Ethics

     Ethics MGT/498 September 26, 2013 Ethics In business there will always be the line to act with integrity or to lie, cheat, and steal. Famous author Douglas Adams once said, “To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity” (Heathfield, n.d). The priority of any business is to serve the needs and wants of the customer and more important his or her stakeholders. Any business decision made in major corporations...

    Applied ethics, Business ethics, Corporate social responsibility 990  Words | 4  Pages

  • Ethics in the Workplace:

    Business Ethics? "The concept has come to mean various things to various people, but generally it's coming to know what is right or wrong in the workplace and doing what is right – this is in regard to effects of products/services and in relationships with stakeholders" (McNamara, 2006). In the past few years with the media highlighting business scandals and organization misconduct, a greater emphasis has been placed on organizations to conduct their business in an ethical manner and...

    Applied ethics, Business, Business ethics 1271  Words | 4  Pages

  • Corporate Finance AIG Accounting Scandal Explained December 8th, 2012

    Corporate Finance AIG Accounting Scandal Explained December 8th, 2012 ________________________________________________________________________________ On February 9th, 2006, the SEC and the Justice Department settled with AIG for an amount in excess of $1.6B related to alleged improper accounting, bid rigging (defined by Investopedia as a scheme in which businesses collude so that a competing business can secure a contract for goods or services at a pre-determined price), and practices involving...

    Accounting scandals, Chief executive officer, Chief financial officer 2408  Words | 6  Pages

  • Business Ethics Across Cultures

    the culture you are surrounded by, the business and personal ethics also tend to change as well. Take Australia and Spain for example. Even though these two places have some businesses that travel around the world, they still have their own set of guidelines that help to decide what their business ethics will turn out to be. In Spain, businesses are all about personal contacts. A businessman in Spain will make sure that they know the right people and put that to good use so that their company can...

    Applied ethics, Business, Business ethics 1507  Words | 4  Pages

  • Ethic in hospitality operations

    How could leaders and subordinates influences the ethical culture of corporation According to Ethics Resource Center (2010), the important influence of people’s behaviors in the organization is based on the circumstance of working environment they are in, also the standards set by the employers and employees. If people having good behaviors are put in the negative behaviors that does not value values or even are pressure them to do something without any giving alternative to make decision, it...

    Applied ethics, Business, Business ethics 2404  Words | 6  Pages

  • What Do You Think Would Be More Effective for Shaping Long-Term Ethical Behavior in an Organization: a Written Code of Ethics Combined with Ethics Training or Strong Ethical Leadership? Which Would Have More Impact on You? Why?

    Ethical concerns are an essential area in business practices, which is applied within organizations to examine ethical principles and ethical dilemmas arisen. In order to form long-term ethical conduct within an organization, usually, a company would organize for ethical business policies, for example, establishing codes of ethics combined with training programs, or/and execute these ethical policies which means “leadership in delegation, communication and motivation of the company’s ethical position...

    Applied ethics, Business ethics, Corporate social responsibility 2202  Words | 7  Pages

  • Is Sales Ethics an Oxymoron?

    Is Sales Ethics an Oxymoron? Introduction It has been said that sales ethics is an oxymoron. In this paper, this topic will be discussed. First, what is an oxymoron? It can be explained as the bringing together of two apparently contradictory concepts such as 'a great defeat' or 'humiliating honor'. From this topic, it is saying that sales ethics is an oxymoron which indicates that there is no ethic in sales. It is suggesting that sales are in some degree unethical. For example, it may believe...

    Applied ethics, Business, Business ethics 1698  Words | 5  Pages

  • Qualities, Background, and Experience of an Ethics Officer

    HRDV- 3330-10SU12 1. Imagine that it's your responsibility to select an ethics officer for your organization. What qualities, background, and experience would you look for? Why? I would look for someone who has excellent ethics. A candidate would be someone who looks at the letter of the law when developing guidelines and knows what the industry standard is for those guidelines. Someone who can sees both sides of an issue. A specific background is not needed for this position. Knowledge...

    Business ethics, Chief executive officer, Chief executives 995  Words | 4  Pages

  • Global Business and Ethics

    Global Business and Ethics By AL 367 Global Dimensions in Business September 14, 2011 Professor John Dorsey Introduction This term paper discuss “Global Business and Ethics” that relates to the material covered in the text. Globalization is important to a company because it provides them with the opportunity to reach a much larger consumer base and to generate greater earnings.   In order to globalize successfully, companies conduct research continually about the countries...

    Applied ethics, Business ethics, Corporate crime 2129  Words | 7  Pages

  • business ethics and corporategovernance

    04-05-2014 BUSINESS ETHICS and Corporate governance What is ethics? • Ethics is the branch of philosophy that focuses on morality and the way in which moral principles are applied to everyday life. • Ethics has to do with fundamental questions such as “What is fair?” “What is just?” “What is the right thing to do in this situation?” • Ethics involves an active process of applying values, which may range from religious principles to customs and traditions. 1 04-05-2014 What...

    Applied ethics, Business ethics, Corporate governance 660  Words | 6  Pages

  • The Evolution of Business Ethics

     The Evolution of Business Ethics Cheryl Franklyn-Boyce OMM 640: Business Ethics and Social Responsibility Week 1 Assignment Dr. Carl Proehl July 13, 2013 The Evolution of Business Ethics Introduction Ethics began with the introduction of the first moral codes, which are a set of standards, laws, or rules that we hold ourselves to, whether they be based on religious affiliation, events that have happened in our life, or just from observing the world around...

    Applied ethics, Business, Business ethics 1549  Words | 5  Pages

  • Ethics Program Design

    Introduction Ethical problems are inevitable at all levels of business and this means that it’s simply makes good sense for companies to take seriously the task of institutionalizing ethics in their company. Accordingly, an important segment of corporate America has begun relying on such tools as, statements of corporate values, codes of conduct, ethic workshops, and hotlines for whistleblowers. In this paper I am outlining an ethics program for a new company. Starting a company with an ethics program...

    Applied ethics, Arthur Andersen, Business ethics 664  Words | 3  Pages

  • Organizational Ethics

    Loaded” ‘The Organizational Ethics of Lockheed Martin’ Travis Roman ETH/316 July 28, 2014 John Bevell ‘The Organizational Ethics of Lockheed Martin’ Lockheed Martin's Vision statement reads as follows; (Who We Are) "be the global leader in supporting our customers to strengthen global security, deliver citizen services and advance scientific discovery. Let's break this statement down into separate components. First, "supporting our customers to strengthen global security", is a...

    Applied ethics, Business ethics, Ethics 870  Words | 5  Pages

  • Ethics in Our Everyday Lives

    Ethics In our everyday lives Joshua L Young Brian Kester PSY 110 August 20, 2011 Abstract This paper will discuss how ethics relate in our everyday lives and more specifically how ethics are used in our workplace also how ethics are used by companies. This paper will also cover how businesses have implemented ethical procedures, standards and how these businesses flourished because of the effective use of ethical standards. “I consider ethics, as well as religion, as supplements...

    Applied ethics, Business ethics, Corporate social responsibility 2043  Words | 6  Pages

  • Ethics

    1. What is ethics? Ethics, also known as moral philosophy, is a branch of philosophy that involves systematizing, defending and recommending concepts of right and wrong conduct.[1] The term comes from the Greek word ethos, which means "character". 2. What is business ethics? Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It...

    Applied ethics, Business, Business ethics 1494  Words | 5  Pages

  • Est1 Wgu - Ethics Program for Nonprofit Management Consulting Services

    Ethics Program for Nonprofit Management Consulting Services Ethics Program for Nonprofit Management Consulting Services Assessment: EST1 310.2.3-08 Ethics Program for Nonprofit Management Consulting Services Code of Conduct Our business relies on getting our customer to know and trust us during the initial stage of our relationship such that they will continue working with us for the long term. To accomplish this we must treat our clients with respect and provide a high level of service...

    Applied ethics, Business ethics, Ethical code 1256  Words | 4  Pages

  • Ethics

    Ethics is a challenging concept for many businesses, both domestic and international. It is not a “one size fits all” idea. While one culture may perceive certain actions as ethical, another may not agree. Some cultures incorporate ancient traditions into their “code of conduct” of business. In China, the saying of “I scratch your back, you scratch mine” is part of their business ethics. In Japan, one must be careful when expressing certain idioms or respecting certain cultural norms, such...

    Business ethics, Communication, Consumer Product Safety Commission 808  Words | 3  Pages

  • Ethics and the Role of Individual's Code of Conduct

    flatter and smaller thanks to the development of information technology, the people’s expectation for ethics will also become higher and higher. Thus, the roles that ethics plays in one’s career should relatively become more and more important. Nowadays, in the field of international sale, one of the hottest issues is probably the difference in quality standard among countries worldwide and how companies handle that. Some countries, especially the developing ones, there still exist thousands of loopholes...

    Applied ethics, Business ethics, Ethics 892  Words | 3  Pages

  • Ethics in organisations

    An organisations culture is a body of its beliefs, culture and code of conduct, which influences employee behaviour in an organisation (Trevino & Nelson 2010). Cultural systems in organisations are divided into formal and informal systems. It is hard for organisations to specify written rules that cover all aspects of their work hence; the formal system presents us with limited direction (Ouchi 1977). Under formal cultural systems leadership, values and selection systems are discussed in this essay...

    Applied ethics, Business ethics, Ethics 2353  Words | 7  Pages

  • Ethics in Business

    Importance of Ethics in Business Recent events in corporate America have demonstrated the destructive effects that occur when the leadership of a company does not behave ethically. One might wonder how such gifted, highly; savvy organizations such as Enron, Tyco, and WorldCom got themselves in such of a big mess! Well, I am here to tell you that the answer lies within the idea and importance of business ethics. "Business ethics should be interpreted as the standards of conduct of individual...

    Applied ethics, Business ethics, Compliance and ethics program 1538  Words | 5  Pages

  • What Must Be Done to Improve Ethics in Finance and Corporate Governance?

    What must be done to improve ethics in finance and corporate governance? Corporate governance can be referred to the rules, processes, or laws by which businesses are operated, regulated and controlled. It can also refer to internal factors defined by the officers, stockholders or constitution of a corporation. After finding the meaning of Corporate governance, which can also be referred to corporate responsibility, I thought about the policies in which the company I work for have. I work for...

    Board of directors, Business ethics, Corporate governance 1198  Words | 4  Pages

  • Business Ethics

    Business Ethics: Leadership in the Workplace Michael L. Murray BUS 323: Business Ethics Professor Steve Wynne JD.MBA December 02, 2012 Thesis Statement Business Ethics is the concept of conducting moral standards either written or unwritten that is beneficial to the employees and the current and future activities of the organization (Donaldson). Business ethics is important when dealing with an environment of diverse individuals of various socioeconomic, cultural, education, and...

    Applied ethics, Business ethics, Compliance and ethics program 1534  Words | 5  Pages

  • Ethics Auditing

    Ethics Auditing: Identify the benefits and limits of ethics auditing. Is there a strategic role that ethics auditing may play in a company? Ethics Auditing By definition, an ethics audit is a “systematic evaluation of an organization’s ethics program and/or performance to determine its effectiveness.” (1) This concept of ethics auditing is fairly new and few companies have conducted an ethics audit. However, performing such audits will likely become more mainstream as recent legislation encourages...

    Applied ethics, Audit, Auditing 1374  Words | 5  Pages

  • Str 581 Ethics Reflection Paper

    Running head: Ethics Reflection Paper Ethics Reflection Paper University of Phoenix |Content |General Comments | |The paper explains the role of ethics and |The key elements of the assignment are covered in a substantive way. The content of your | |social responsibility in developing a |write up is comprehensive, accurate, and persuasive. The conclusion is logical...

    Business ethics, Ethics, Management 1368  Words | 5  Pages

  • Business Code of Ethics

    Business CODE of ETHICS JAMES HANKERSON PHL/323 ETHICS in BUSINESS JUNE 22, 2011 JAMEELAH YESUFU Business CODE of ETHICS When face with major problems and dilemmas within the company, management look to the standards of ethical conduct for guidance. Code of Ethics is the backbone to any organization or corporation. When a possible violation has accrued one has to ask three questions. Will my actions be fair, would I be please with the decision that I make, and can others learn from my actions...

    Airline, Applied ethics, Business ethics 1826  Words | 6  Pages

  • Evaluation of a Business Code of Ethics

    Evaluation of a Business Code of Ethics Business codes of ethics are written guidelines use by an organization to set the standards for employees and management conduct and behavior ("Businessdictionary.com," 2013). Business code of ethics is important to deal with ethical the rules and principles needed for a successful business. Also known as code of conduct a business code of ethics reflect an organization values, ethics, objective, and responsibilities ensuring corporate responsibility, quality assurance...

    Applied ethics, Business ethics, Coffee 1232  Words | 4  Pages

  • Business Ethics and Social Responsibility

    Ethics in the workplace help the organization to grow and prosper. They bring about leadership, work culture and literacy. Ethic are beliefs about what’s right or wrong and good or bad based on individual’s values and morals, plus a behavior social context. Ethical behavior conforms to individual beliefs and social norms about what’s right and good. Unethical behavior conforms to individual beliefs and social norms about what’s wrong or bad. Business ethics refers to ethical or unethical behavior...

    Applied ethics, Business, Business ethics 1487  Words | 4  Pages

  • The Malaysian Business Code of Ethics

    The Malaysian Business Code of Ethics (Rukuniaga) Introduction The Malaysian Business Code of Ethics is based on the religions, philosophical and cultural values of Malaysian. It was undertaken by national Consumer’s Protection Consultative Council and Ministry of Domestic Trade and Consumer Affairs to develop self regulation among traders in Malaysia. Objective The Malaysian Business Code of Ethics was formulated with the objective of: - * Preparing  the main principles to be applied...

    Applied ethics, Business, Business ethics 2457  Words | 7  Pages

  • Ethics Reflection Paper

    Ethics Reflection Paper Ethics and social responsibility are key factors when planning one’s personal life or planning for the success of a business. When companies develop strategic plans, they must consider what role ethics will play and how social responsibility will affect the plan keeping stakeholders need at the forefront. If businesses and individuals are making a conscious effort to display ethical behavior, ethical perspectives and beliefs should evolve over time much like what has happened...

    Applied ethics, Business ethics, Ethics 1090  Words | 3  Pages

  • Business Ethics Across Cultures

    Business Ethics Across Cultures The first article chosen was An Exploration of Ethical Decision-making Processes in the United States and Egypt (2008) written by Beekun, R.I., Hamdy, R., Westerman, J.W., HassabElnaby, H.R. This article was survey of 191 Egyptian and 92 United States executives and explored the relationship between national culture and ethical decision-making. Reidenbach and Robin’s (1988) multi-criteria ethics instruments were used to examine how two of Hofstede’s national culture...

    Applied ethics, Business ethics, Ethical code 863  Words | 3  Pages

  • From Sweatshops to Leadership in Employment Practices: Ethics and Advocacy for HR

    Emerson Human Resource Management 522 Ethics and Advocacy for HR Pro March 13, 2014 Discern how a more effective ethics programs and a more viable code of conduct could have mitigated the ethical issues faced by Nike Nike leads the world in the manufacturing and distributing of its athletic footwear and accessories. Nike is the brain child of Phil Knight and his former track coach, Bill Bowerman. The duo formed a company that would eventually become the leader in the...

    Applied ethics, Business ethics, Compliance and ethics program 1282  Words | 5  Pages

  • GE and the Pros and Cons of Ethical Code

    Pros and Cons of Ethical Code Abstract What do we mean when we say business ethics? In this paper we discuss the business ethics and the pros and cons of implementation and compliance. Looking at one of the most successful companies in the world, we have found that a “Code of Ethics” has multiple roles when considering the ramifications of following or not following those codes. General Electric is looked upon as one of the largest corporate governing companies in the world and...

    Applied ethics, Business ethics, Enron 1901  Words | 5  Pages

  • Benefits of Managing Ethics in Workplace

    10 Benefits of Managing Ethics in the Workplace Many people are used to reading or hearing of the moral benefits of attention to business ethics. However, there are other types of benefits, as well. The following list describes various types of benefits from managing ethics in the workplace. 1. Attention to business ethics has substantially improved society. A matter of decades ago, children in our country worked 16-hour days. Workers’ limbs were torn off and disabled workers were condemned...

    Applied ethics, Business ethics, Ethics 1141  Words | 4  Pages

  • How Personal Can Ethics Get

    about the case study, “How Personal Can ethics Get”. This paper discusses the dilemmas that Valerie Young has to face at her Chicago based fragrance employer named Wisson. Secondly, I will discuss what I would do if I were in the same dilemma as Valerie. Next, it discusses how personal differences and preference can impact organizations ethics. Lastly, this paper discusses how organizational policies and procedures can impact organizational ethics. How Personal Can Ethics Get? This case focuses...

    Applied ethics, Axiology, Business ethics 1474  Words | 4  Pages

  • Ethics in Accounting

    world, ethics in accounting and financial decision- making is a process that many organizations have trouble dealing with. Many organizations put emphasis on ethics and the financial decision making process within the organizations( www.managemyaccounting.com(2007). It is expected that all organizations will behave in an ethical manner in the current economy. (www.managemyaccounting.com(2007). In today's business world, it is difficult to define what ethics are because of the different ethical beliefs...

    Applied ethics, Business, Business ethics 830  Words | 3  Pages

  • Managerial Ethics

    Managerial Ethics In today’s modern business environment, behaving in an ethical responsible manner is more and more appealing to organizations who are paying more attention to ethics engages in ethical business. Practice may be connected to customers and establishing a stronger business position. Therefore, the purpose of this essay is to discuss what ethics are as they apply to organizations, and how to encourage moral environments within organizations. To answer this question, the essay will...

    Applied ethics, Business ethics, Coca-Cola 1255  Words | 4  Pages

  • Ethics

    Assess the role of the company acting as moral agent 4 3-2 Analyze the development of mechanisms for achieving employee involvement and empowerment 4 4-1 Research a current ethical issue affecting a selected business 6 4-2 Report on how the business could improve the ethics of their operations whilst meeting objectives and ensuring good employer / employee relationship 6 4-3 Design a suitable ethical code 7 Conclusion 8 References 9 Acknowledgement This report is about the ethical approaches and practices...

    Applied ethics, Business, Business ethics 1886  Words | 9  Pages

  • Ethics

     Q1. Explain how utilitarian might prove a defence for Roche and how a rights-based ethic might instead condemn Roche’s drug trails in China. A. According to the Utilitarian Ethics point of view that support the benefits of greater number of people compare to the loss of fewer people or supports the idea that gives happiness to the majority. As far as this case is considered utilitarian does support Roche’s drug tests on transplant patient because the test helps the company to create medicines like...

    Bioethics, Business ethics, Ethics 1433  Words | 3  Pages

  • Ethics Reflection

    Ethics Reflection Paper Strategic planning is “the process of determining a company's long-term goals and then identifying the best approach for achieving those goals” (What is strategic planning? definition and meaning., n.d.). The development and implementation of a successful strategic plan is dependent upon ethics and social responsibility. This paper will discuss the role of ethics and social responsibility in developing a strategic plan, considering stakeholder needs and discuss explain how...

    Business, Business ethics, Corporate social responsibility 883  Words | 3  Pages

  • Ethics/Sarbanes Oxley Act of 2002

    Ethics/Sarbanes Oxley Act of 2002 Article Summary The Sarbanes-Oxley Act, which was enacted July 30, 2002 in response to the Enron and WorldCom scandals, gives extended powers to the Securities and Exchange Commission. It was enacted to provide investors with accurate and timely disclosure of financial and other important data of public companies and to ensure that audits of this financial data are performed according to accepted standards and by independent accounting firms. The Compliance...

    Board of directors, Business ethics, Corporate governance 865  Words | 3  Pages

  • Ethics Reflection Paper

    Ethics Reflection STR/581 Ethics Reflection Ethics have played a role in how companies have done business and conducted themselves but not as much as when Enron, WorldCom, Arthur Anderson were in the spot light for fraud. The companies hid valuable information from internal and external stakeholder and stockholders alike. The employees lost their retirement or at least some of their retirement to these unethical actions of top executives. The researcher will explain the role that ethics and...

    Ethics, Human, Intrinsic value 756  Words | 3  Pages

  • Business Ethics

    Ethics and moral obligations are issues we all encounter at one time or another. In the professional setting, all people should act in a manner that would uphold the good of society. To be ethical, one has to determine their obligations, moral ideas, and moral philosophy (Boatright, p. 19, 2009). The case analysis involving Jacob Franklin was a perfect example of how an individual can face the dilemma of doing what is right or wrong. Businesses have their own code of ethics, and the employees...

    Applied ethics, Business ethics, Ethics 956  Words | 3  Pages

  • Ethics and Corporate Responsibility

    McGraw-Hill Companies, Inc. All rights reserved. 5-2 Chapter 5 McGraw-Hill Ethics And Corporate Responsibility © 2011 The McGraw-Hill Companies, Inc. All rights reserved. Learning Objectives After studying Chapter 5, you will know: 5-3 how different ethical perspectives guide decision making how companies influence the ethics environment the options you have when confronting ethical issues the important issues surrounding corporate social responsibility how the political...

    Applied ethics, Business ethics, Corporate social responsibility 908  Words | 7  Pages

  • Ethical Climate in Organisation

    imperative to have an ethical climate. Traditional commerce is fundamentally based upon performance and profit. With the ever changing workforce, it is imperative that organisations open themselves up to reorganisation, including the application of ethical and moral decision-making, and incorporating interest of ethics in the corporate structure. According to Victor and Cullen (1988 cited by Cohen 1993, p.343) organisational norms and values are means to show how ethical problems should be addressed...

    Applied ethics, Business ethics, Corporate governance 1633  Words | 6  Pages

  • 1. Discuss How Personal Differences and Preference Can Impact Organizational Ethics.

    1. Discuss how personal differences and preference can impact organizational ethics. Ethics norms for conduct are that distinguish between acceptable and unacceptable behavior. Also ethics is one of the important things in any kind of organization, and there are values and principles that help individuals distinguish right from wrong. Ethics depend on personality such as every single person has their own personality which based on culture and the way person was raised. Most of the human repeat...

    Axiology, Business ethics, Ethics 1079  Words | 3  Pages

  • How Could Tyco's Ethical Violation Been Avoided?

    How could Ethical Violation Been Avoided? Throughout the many business scandals that have occurred over the years, some have had the same violations and some were different; however, all of them have consistently had ethical wrong doings involved in their scandal. In this paper we look specifically at the Tyco Industries scandal which resulted in indictments of the top executives of the company in 2002-2003. There are several ways that this scandal could have been avoided. First convening...

    Dennis Kozlowski, Ethics, Tyco International 729  Words | 3  Pages

  • W7 Ethics Weekly Questions

    W7 Ethics Weekly Questions Chapter 5: Corporate Ethical Governance & Accountability Q1) What is the role of a board of directors from an ethical governance standpoint? The role of the board of directors from an ethical governance standpoint is to review the overall strategy of a business as far as ethical behaviour and objectives. They select and compensate senior executives of the company, oversee financial statements, and monitor overall performance. Their main duty is to safeguard the interests...

    Ethics 1398  Words | 4  Pages

  • Code of Ethics Design

     Code of Ethics Design Paper Leadership Ethics LDR 800 July 13, 2013 Code of Ethics Design Paper General Overview of Organizational Ethical Policies Companies aspire to be a great and that success depends greatly upon their organizational structure. They are the people who are accountable for achieving big, bold goals with unwavering integrity. People who are leaders, that appreciate being a truly great company, they must continually strive to do better. Kaizen is a Japanese...

    Applied ethics, Business ethics, Corporate social responsibility 1990  Words | 6  Pages

  • Rio Grande Supply Company Case Study

    company’s top executives are responsible for determining an organization’s corporate culture. He was proud of the culture of the Texas-based wholesale plumbing supply company. His management team espoused and lived the values: integrity, honesty, and respect. • The company’s internet policy only allows use for business-related activity. However, Hennings vetoed the provision that management can review and access anything the employees created, stored, sent, or received via company equipment....

    Culture, Employment, Integrity 1417  Words | 7  Pages

  • Business Ethics in Respect of Bangladesh

    Business ethics in Bangladesh Course Name: Managing Organization Course No: F 505 Business ethics: Social responsibility requires individuals engaging in business endeavors to behave in an ethical manner. Ethics are principles of behavior that distinguish between right and wrong. Ethical conduct conforms to what a group or society as a whole considers right behavior. People working in business frequently face ethical questions. Business...

    Applied ethics, Business ethics, Corporate behaviour 1080  Words | 4  Pages

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