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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This is the 10th year Paychex has received this honor, which underscores its commitment to leading with integrity and prioritizing ethical business practices.
Every decision we make and every action we take should demonstrate our unwavering commitment to ethical business conduct," said Xerox CEO Jeff Jacobson .
They cover the ideas, where we are now, what ethical business regulation is, and how to implement ethical business practice and ethical business regulation.
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.
The firm is one of 131 companies from 21 countries and five continents honoured for leadership in promoting ethical business standards as measured by five key categories, ethics and compliance program; corporate citizenship and responsibility; culture of ethics; governance and leadership; and innovation and reputation.
Ethisphere chief executive officer, Timothy Erblich, said, 'The World's Most Ethical Companies embrace the correlation between ethical business practice and improved company performance.
SCA is committed to ethical business practices and strong environmental conduct and we've seen this positively impact the company's performance," said Jan Johansson, President and CEO of Sweden-headquartered hygiene and forest products company SCA.
David Connolly, of the North Eastern and Cumbrian Co-op, said: "Co-operative values of social responsibility and caring for others play a key role in an ethical business environment.
If ethics programs are any clue to how ethical business is, it should be the most ethical institution in society, writes Gregory J.
To address this gap, a second part of Bowen and Heaths study offers organizations a four-part training program to help educate communicators about ethical business practices.
Commenting on the new agreement, IREM President Fred Prassas said: "We are delighted that the ethical business standards advocated by IREM and the professional practices modeled by IREM are being adopted and championed by industry colleagues in the Ukraine and many other countries far beyond our shores.