Essay on Corporate Ethics Program

Essay on Corporate Ethics Program

Length: 4000 words (11.4 double-spaced pages)

Rating: Research Papers

Open Document

Essay Preview

Introduction
In the past decade, concern with the ethical accountability of companies has continued to grow. Consumers increasingly look to support and buy from companies that make ethical decisions. The government has also created new legislation that requires a certain level of ethics and creates encouragement for companies to go as far as to create ethics programs. The idea of “business ethics” is not new, but there is more pressure now than ever before on companies to prove they are making an honest effort to be ethical. This additional pressure on companies can be largely attributed to a change in the neoclassical view of a company as only needing to take care of stockholder interests by creating profits (Wines & Hamilton III, 2009). Today, people view the organization as a complex unit made of up many different groups that must be considered. This new definition of an “ethical corporation” requires not only compliance with the law, but also consideration of the ethical implications of all actions (Epstein & Hanson, 2006; Thornton, 2009). “Ethics are a system of moral principles and behavioral norms intended to express and support an underlying set of values” (Post, Lee, & Sachs, 2002). Following the meanings given by several professional sources, business ethics is defined as the study of moral standards in the context of all business situations (Columbia University, 2008; Knapp, 2001; Crane & Matten, 2007). Because of this change in consumer and regulator concerns, a corporation cannot survive unless it takes care of and strives to respect the interests of all of its stakeholders by applying ethical standards to actions (Post, Lee, & Sachs, 2002).
To do this, a corporation must be accountable beyond basic “guidelines a...


... middle of paper ...


...009). Optimizing Your Code of Conduct. Federal Ethics Report , 16 (6), 6.

Stout, N. (2009). Staples' Secret Weapon. Chain Store Age , 85 (8), 21-22.
The Botwinick Prize in Ethics. (n.d.). Retrieved March 23, 2010, from The Sanford C. Bernstein & Co. Center for Leadership and Ethics at Columbia Business School: http://www4.gsb.columbia.edu/leadership/speakerseries/botwinick

Thornton, L. F. (2009, September). Leadership Ethics Training: Why Is Why Is It So Hard to Get It Right? Trainging + Development , 60-61.

Vallabhaneni, S. R. (2008). Corporate Management, Governance, and Ethics Best Practices . Hoboken, New Jersey: Wiley.

Vogel, David. (2008), CSR Doesn’t Pay. Forbes Magazine

Wines, W. A., & Hamilton III, J. B. (2009). On Changing Organizational Cultures by Injecting New Ideologies: The Power of Stories. Journal of Business Ethics , 89 (3), 433-435.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay about Business Ethics and the 1989 Exxon Valdez Oil Spill

- Ethics are very important in the business world and to the general public. Ethics is defined as a system of moral principles or the rules of conduct recognized in respect to a particular class of human actions or a particular group. Using a moral compass should be a requirement for every CEO and executive. Any person who will have some impact on society needs to understand the difference between right and wrong. Since businesses touch such a large segment of our society, codes of ethics must be established and followed to protect the general public....   [tags: Corporate Ethics Program]

Research Papers
3438 words (9.8 pages)

Corporate Responsibility And The Environment Essay

- A firm that I believe to be ethical is Subaru of America, the car manufacturer whose commercials convey the use of a zero landfill initiative. Under this program, all of the waste from their manufacturing plants is either recycled or otherwise reused in some form or another. The have gone on to implement many other programs to demonstrate their commitment to corporate responsibility and the environment. At the other end of this perspective, I feel that Toyota, another car manufacturer, is unethical in the scandal involving incidents of sudden acceleration without warning....   [tags: Business ethics, Corporate social responsibility]

Research Papers
796 words (2.3 pages)

Essay on Ethics And Corporate Responsibility Of The Workplace And The World

- Ethics and Corporate Responsibility in the Workplace and the World Stakeholders Characteristics and Stakeholders Within PharmaCARE Society places trust in corporations that demonstrate their mantra as being ethical and responsible in the community and worldwide. Stakeholders of a corporation have a devolved interest in the company’s success and the public’s perception of the organization’s philosophy and leadership within the community. Stakeholders are identified as either internal or external....   [tags: Human rights, Ethics, Business ethics]

Research Papers
1545 words (4.4 pages)

Corporate Social Responsibilities : Csr Essay

- Businesses applying corporate social responsibilities (CSR) theory as it gives the opportunity to have a positive impact on the environment and the company; some of the advantages that the CSR provides is enhanced brand and reputation, reduction in operation costs, attracting new customers, balances power with responsibility, discourages government regulation, improves a company’s public image, promotes long-run profit, improved relations with the investment community and better access to capital, enhanced employee relations, productivity and innovation and stronger relations within communities through stakeholder engagement....   [tags: Corporate social responsibility, Business ethics]

Research Papers
972 words (2.8 pages)

Starbucks And Corporate Social Responsibility Essay

- Today every company is putting the CSR as the forefront of their company’s mission statement, and Starbucks is leading in this area. As the company focuses on the triangle of reputation, organization and responsive integrity. This gives Starbucks a clear picture of the conditions and strategic presentation of which the company is engaged proactively in the CSR. Starbucks had invariably been learning from their day to day operations and has gained insights from companies that are heavily engaged in CSR....   [tags: Sustainability, Corporate social responsibility]

Research Papers
1000 words (2.9 pages)

The Ethics Code, Effective Communication, Ethics Program, And Ethical Leadership

- Article #21 Abstract. The article reviewed was Determining Whether an Accounting Firm Is Ethical. The abstract emphasizes that the firm should maintain a high level of ethics. The ethical culture does not happen to occur on its own. It requires the firm to have a set of values, core policies, and principles to support the effective ethical behavior (p. 68). Introduction. The author studied the ethics code, effective communication, ethics program, and ethical leadership to determine the ethicalness of an accounting firm....   [tags: Ethics, Business ethics, Morality, Applied ethics]

Research Papers
1001 words (2.9 pages)

Essay on Analysis Of The Nine Principles Of Corporate Governance

- 1. Question 1 Presentation of Financial Statement A critical review is conducted on Michael Hill International Ltd.’s (MHI) corporate governance disclosures in the 2014 Annual Report for Year ended 30th June 2014. To evaluate and determine whether the company complies the requirement of each of the Nine Principles of Corporate Governance (Securities Commission New Zealand, 2011) listed below as the sub-titles. 1.1. Directors should observe and foster high ethical standards First of all, the board adopts the overall principles of Directors’ “Code of Proper Practice for Directors”, and considers that the policies and procedures of its corporate governance are consistent with NZX Corporate Gove...   [tags: Audit, Corporate governance, Auditing]

Research Papers
1101 words (3.1 pages)

Corporate Social Responsibility (CSR), also known as Corporate Responsibility, and Corporate Citizenship

- Corporate Social Responsibility (CSR), also known as Corporate Responsibility, and Corporate Citizenship Because society is fundamentally based upon performance and profit, it is necessary to impart a sense of corporate social responsibility with regard to modern commerce. The ethical approaches of purpose, principle and consequence are integral components of business social performance; itemizing these contributions involves incorporating the interests of ethics and morality within the corporate structure....   [tags: Corporate Responsibility]

Free Essays
1292 words (3.7 pages)

Corporate Compliance Report Essay

- Corporate Compliance Report Companies that are being established as well as companies struggling with compliance issues need some method of dealing with governance. The method of handling corporate governance and compliance issues is to implement an enterprise risk management system (ERM). The system should examine alternatives and incorporate the suitable processes that fit into the company's structure. Developing internal control and corporate governance procedures is the foundation for such a system....   [tags: Corporate Governance]

Free Essays
1629 words (4.7 pages)

Business Ethics Essay

- Many business managers argue that the primary responsibility of a business is to turn a profit; however, society is more concerned for corporations to assume ethical responsibility, in which welfare for the greatest number of people will be promoted. This paper addresses the fact that the subjectivity of morals within the military and individual leaders; as some issues could be viewed as ethical by a group but not so by others. The members of an organization and its employees are part of the team, therefore the organization would benefit if their leaders are having strong ethical principles and positive relationships ....   [tags: Ethics ]

Research Papers
1317 words (3.8 pages)