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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The more recent articles dedicated to ethic education argued that the principle-based model of business ethics education that dominated the field in the 1990s may lack applicability to real world business settings.
Business ethics can supply us with the capacity to evaluate the advantages and troubles related to various manners of handling ethics in organizations.
Noteworthy, several topics that have a major presence in the business ethics literature (i.
Student and faculty member perceptions of the importance of business ethics and accounting ethics education: Is there an expectation gap?
The introduction of the Code at ENOC Aviation, ENOC Lubricants and EPPCO International Ltd followed a concerted campaign by the management including direct communication with the staff, distribution of booklets and brochures to educate the staff, a range of Business Ethics & Compliance activities and training sessions.
Ultimately, from a corporate governance perspective, the critical influence of business ethics and ethical behavior is growing, causing higher costs of running a business in corrupted conditions, particularly in emerging markets/countries.
The symposium held seven sessions during which papers were presented and workshops held for discussing business ethics, integrity, anti-fraud and corruption, with the participation of a number of local and international specialists and consultants.
The Business Ethics & Compliance Program include: Standards, Policies and Procedures; Programme Administration; Communications, Education & Training; and Internal Monitoring Systems, among others.
One's relationship to the process of education is pre-constituted along a variety of financial nexuses that condition business ethics (the business school must take its ethical responsibility in the teaching of business in light of the excesses of financial capitalism).
Our support to inJAz Bahrain's Business Ethics Programme enables us to share these values with Bahrain's youth, and thereby, play a role in impacting the way future business leaders conduct their operations.
These major 14 principles and tenets serve as the basis for ethical decision-making and receive coverage in many books dealing with business ethics (e.

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