business ethics

(redirected from Business practices)
Also found in: Encyclopedia.


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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
Mentioned in ?
References in periodicals archive ?
The Global Compact Office is working under the aegis of United Nations General Assembly as an organization that 'promotes responsible business practices and UN values among the global business community and the UN System' since 1999.
"This prestigious award is a recognition of Axalta's long-standing commitment to sustainability and its well-established business practices designed to protect the environment, to support fair labor practices and human rights, to promote ethical behavior and to procure materials responsibly," said Matthew Winokur, Axalta's VP of sustainability.
The report portrays tourism as a driver of sustainable development and can lay the groundwork for stakeholders to build on tourism's opportunities by changing policies, business practices and consumer behaviour.
BajiA explained that this forum is primarily attended by companies that have business integrity standards in their business practice, which means they have mechanisms and commitment not to be involved in prohibited business practices such as corruption, fraud, competition law violations, coercion and obstruction.
It does not cover business practices likely to cause insolvency or substantial dissipation of assets or earnings of a covered entity or likely to weaken its financial condition,' he added.
Software giant SAP, which last month said its South African sales commissions were being probed by US regulators, has reportedly launched an investigation into its business practices in the Gulf region.
Addis, local household brand producer, has been awarded international accreditation for ethical business practices and labour relations.
The Ethisphere Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success.
has been recognized for exemplary business practices at the 2016 Oregon Ethics in Business Awards.
The Welsh Government is committed to embedding the principles of corporate social responsibility and responsible business practices into its own decision making and operations, while also promoting the positive impact these initiatives can have on business growth and the broader Welsh economy.
To fully understand the reasons for McCarran-Ferguson, one has only to read about the business practices employed by Southeastern Underwriters, and compare them with what we take for granted today.
Yakima, WA, December 16, 2015 --( The Better Business Bureau extended an invitation to Diesel Nation LLC, recognizing their commitment to customer service and ethical business practices in the Diesel Engine Industry.

Full browser ?