business ethics

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Ethics

The study and practice of appropriate behavior, regardless of the behavior's legality. Certain industries have professional organizations setting and promoting certain ethical standards. For example, an accountant may be required to refrain from engaging in aggressive accounting, even when a particular type of aggressive accounting is not illegal. Professional organizations may censure or revoke the licenses of those professionals who are found to have violated the ethical standards of their fields.

In investing, ethics helps inform the investment decisions of some individuals and companies. For example, an individual may have a moral objection to smoking and therefore refrain from investing in tobacco companies. Ethics may be both positive and negative in investing; that is, it may inform where an individual makes investments (e.g. in environmentally friendly companies) and where he/she does not (e.g. in arms manufacturers). Some mutual funds and even whole subdivisions are dedicated to promoting ethical investing. See also: Green fund, Islamic finance.

business ethics

moral guidelines for the conduct of business based on notions of what is right, wrong and fair. Most business people rely upon their own consciences in making business decisions, falling back upon their own moral and religious backgrounds for guidance. However, business people are also affected by their superiors and immediate colleagues when making business decisions and may feel pressurized to behave unethically when seeking to make profits. Over recent years many firms and industries have attempted to develop codes of conduct which can be used to guide managers when making decisions.
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HA: Corporate ethics are very essential and as company evolves, the emphasis on corporate ethics grows alongside with corporate social responsibility.
Weber and Wasieleski presented the results of a 2010 survey from members of the Ethics and Compliance Officer Association (ECOA), a professional association for ethics and compliance managers, on the current state of corporate ethics programs.
The Ethisphere Institute is an independent centre of research, best practices and thought leadership that promotes best practices in corporate ethics and governance and enables organizations to improve compliance, mitigate risk, and enhance relationships with employees, business partners, investors and the broad regulatory community.
Through reviews of our charter of corporate ethics on recruiting and employing new college graduates, we have decided to delay the start of college student recruitment activities.
The NHRC had decided to use its statutory mandate to review corporate ethics as operation of business activities had an inevitable impact on human rights, but India as a nation was yet to have a code " for promoting ethical business practices".
Trimmel says training is paramount in discouraging violations of corporate ethics and compliance policies, particularly in areas of the world where employee turnover is high, such as China.
com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Dean Krehmeyer, Executive Director, Business Roundtable Institute for Corporate Ethics will speak at the Knowledge Congress' webcast entitled: "Effective Compliance and Ethics Program: A 2011 Perspective LIVE Webcast.
The bottom line of the day, said Martin Taylor, director of the Center for Corporate Ethics at the Institute for Global Ethics in Rockland, Maine, and one of the event's presenters, is that "ethics are good business.
Greg Lewis was promoted to corporate vice president, global risk management and chief ethics officer, with oversight of loss prevention activities; the health, safety, environment and security function and corporate ethics for both LZA and LZAM.
The second film was made 45 years earlier and is a social comedy looking at corporate ethics and infidelity.
To see how critical management's view of corporate ethics is, a new video, "Fraud and the Tone at the Top," examines the connection between fraud and management actions and attitudes in an organization.
Davis, current vice president, deputy general counsel and corporate ethics officer, has been named chief compliance officer.

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