normative position. Psychological egoism‚ the most famous descriptive position‚ claims that each person has but one ultimate aim: her own welfare. Normative forms of egoism make claims about what one ought to do‚ rather than describe what one does do. Ethical egoism claims that it is necessary and sufficient for an action to be morally right that it maximize one’s self-interest. Rational egoism claims that it is necessary and sufficient for an action to be rational that it maximize one’s self-interest
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themselves less worthy than the others in the company. Bad ethical practice‚ encouraged by a denial of the existence of ethical values in business‚ can be detrimental to the efficiency of the economy and the corporation. Murphy suggests that extensive ethics education programs are required to reinforce and standardise interpretation of the ethical code. Trevino [4] supports this with the proposition that‚ "Codes of ethics will affect ethical/ unethical behaviour significantly only if they are consistent
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Managerial Ethics In today’s modern business environment‚ behaving in an ethical responsible manner is more and more appealing to organizations who are paying more attention to ethics engages in ethical business. Practice may be connected to customers and establishing a stronger business position. Therefore‚ the purpose of this essay is to discuss what ethics are as they apply to organizations‚ and how to encourage moral environments within organizations. To answer this question‚ the essay will
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Ethical Egoism is a theory‚ in which it means that one’s action is always right and it is to that one person’s best interest. Ethical Egoism tells us that we must put our own needs and desires first because if we are not there to help ourselves then who will? Being an ethical egoist does not mean that you can just do whatever to solve any problem you have or you just do something because it has pleasure‚ but you do what you believe is the right thing to do and just because you finish a task does
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Professionalism‚ Ethical Codes and the Internal Auditor: A Moral Argument Mary Ann Reynolds ABSTRACT. This paper examines the case of the internal auditor from a sociological and ethical perspective. Is it appropriate to extend the designation of professional to internal auditors? The discussion includes criteria from the sociology literature on professionalism. Further‚ professional ethical codes are compared. Internal auditors’ code of ethics is found to have a strong moral approach‚ contrasting
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STATE OF ETHICS AND ETHICAL PRACTICES IN CHEVRON Table of Contents Executive Summary vi 1.0 Introduction 1 1.1 Origin 2 1.2 Objective 2 1.3 Scope 2 1.4 Limitation 2 1.5 Literature Review 3 1.5.1 The evolution of codes 3 1.5.2 Signs of Code Effectiveness and Success 3 1.5.3 Ethics Management 4 1.6 Research Methodology 5 1.6.1 Research Method 5 1.6.2 Data Collection Method 5 2.0 Company Overview 6 2.1 Company Roots 6 2.2 Global Scope 6 2.3 Technology and Emerging Energy 6
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Conflict is the cornerstone on which the timeless appeal of Hamlet rests. Hamlet is fundamentally an ethical play which challenges an audience to reconsider its understanding of the dichotomy between good and evil. Conflict‚ because of its predominance in the context of the early seventeenth century Renaissance‚ forms the basis of the behaviour of key characters in the play‚ particularly in ethical and religious confusion. Such ambiguity is mirrored in Hamlet as it is organised around pivotal internal
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Analysis of Domestic Legislation to Regulate the Activities of Local and Foreign NGOs in Croatia‚ Kenya‚ Rwanda and Uganda ALNAP (2001) The Annual Review of Evaluations. London: ODI. Association of Fundraising Professionals (2001) AFP Code of Ethical Principles and Standards of Professional Practice Bennett‚ J. (ed) (1997) NGOs and Governments: Review of Current Practice for Southern and Sastern NGOs BOND (British Overseas NGOs for Development) (1998) Summary of Issues raised at the BOND Director’s
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IFRS for U.S. Timber Industry INTRODUCTION This memorandum will address issues raised by the transformation from U.S. Generally Accepted Accounting Principles (US GAAP) to International Financial Reporting Standards (IFRS) in the timber industry. I will cover the following topics: different accounting treatment under U.S. GAAP and IFRS‚ the influence on investment decisions‚ Plum Creek’s reason for the opposition against transformation‚ and conclude with my preferred accounting treatment under
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INTRODUCTION Encik Selamat‚ a Certified Public Accountant (CPA)‚ had been the General Manager of Excel Poultry & Meat Sdn Bhd (EPM)‚ a subsidiary of PCK Holding‚ since 2005. The set up was small and medium sized enterprise (SME) located in Kluang‚ Johor. In year 2008 his career track and had been smooth closing when the company he presently helmed faced operational crises. The “chicken run” saga pictured a case that was familiar in respect of management of SME industry‚ at the infant stage when
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