General ethics are applied to all businesses and some specific areas of a business involve different applications such as accounting, marketing, production, and human resources. I will talk about each one of these as they all have variations in ethical responsibility. Corporate social responsibility or CSR is a form of a corporation’s self regulation that is integrated into the model of the business. CSR functions as a built-in mechanism that allows the business to monitor and make sure that it follows and adheres to the law, and to the high ethical standards established.
Accounting has a system in place on how financial statements and information are to be handled and dealt with. In today’s society greed has become a common motivator for many that work with the accounting department and can sometimes lead to illegal acts such as insider trading, bribery, securities fraud, and many more. Insider trading and securities fraud are criminal affairs that concern the financial market being manipulated. Executive compensation is when the CEO’s and the upper management receive large excessive paychecks. Things like