Chiquita to pay the terrorist organization when payments were demanded in the early 2000s? The ethical problem of paying or not paying to terrorists is very complex and vital for people and the organizations involved. From the point of view of virtue ethics‚ for Chiquita’s executives it was ethical and moral to pay ransom because they valued the lives of its employees. The executives acted like guardians of their people that would never leave them unprotected (p. 106). Utilitarian method of ethical
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Institutionalizing Ethics Business ethics are increasingly addressed in seminars and at conferences. Managers‚ especially top managers do have a responsibility to create an organizational environment that fosters ethical decision making by institutionalizing ethics. This means applying and integrating ethical concepts with daily actions. This can be accomplished in three ways: * by establishing an appropriate company policy or a code of ethics‚ * by using a formally appointed ethics committee‚
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promote ethical social conduct‚ which is an essential component for creating a civilized‚ disciplined‚ productive and progressive society. 2. Ethical theories attempt to systemize ordinary moral judgments‚ establish and define basic moral principles. Discuss. (7) Ans. We now look at several ethical theories which attempt to systemize ordinary moral judgments‚ establish and define basic moral principles but they also have some limitations. We first look at two extremes of the normative ethical theories
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TESCO Corporation Business Ethics Policy Message from the President ............................................................... 1 Ethics and Business Conduct ............................................................. 2 Conflict of Interest and Other Misconduct ...................................... 4 International Business ........................................................................ 6 Corporate Information and Confidentiality .................................... 8 Employment
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References: 1. The Responsibility and Accountability of CEOs: The Last Interview with Ken Lay Journal of Business Ethics _ Springer 2010 DOI 10.1007/s10551-010-0675-y O. C. Ferrell Linda Ferrell 2. The critical role of ethics: recent history has shown that when individual ethics are compromised‚ corporate ethics fail and financial disaster is not far behind by Marianne M. Jennings http://findarticles.com/p/articles/mi_m4153/is_6_60/ai_111737942 3. Enron And Arthur
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Ethics and Social Responsibility First Discussion Forum 1. "Ethics has no place in business." Discuss this statement. Frequently many people pronounce the said “business is business”‚ showing a slight taste of immorality‚ where business are purely economic and ethics has no place in business‚ but is very important to know that ethics is essential component of a company. Ethics demand that the most important consideration is the people. Unethical act has a high risk. Every business leader
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Business Ethics – Assignment 1 1. The Sales Rep. A sales representative for a struggling computer supply firm has a chance to close a multimillion-dollar deal for an office system to be installed over a two-year period. The machines for the first delivery are in the company’s warehouse‚ but the remainder would have to be ordered from the manufacturer. Because the manufacturer is having difficulty meeting the heavy demand for the popular model‚ the sales representative is not sure that the subsequent
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for their members to follow a code of ethics. The AICPA code is the primary source of guidance for those that practice public accounting while the IMA is concerned with a broader role for accounts and financial professionals that work inside the companies. There are likenesses and there are variances between the two but the main objective is to set professional standards for all types of accounting. The IMA and AICPA codes have a few similarities. Both discuss the importance of overall honesty‚
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Codes of Ethics Comparison COUN 501—Counselor Professional Identity‚ Function‚ and Ethics Lakeisha Miller Liberty University Abstract The primary purpose of a code of ethics is to safeguard the welfare of clients by providing what is in their best interest. It is also designed to safeguard the public and to guide professionals in their work so that they can provide the best service possible. All professional counselors are obligated to perform by a code of ethics. The American Counseling
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Counseling Association pertain to this issue: Singapore Association for Counselling (SAC)’s Code of Ethics: Section B point number 3‚ which states ‘Members discuss with clients as early as feasible in the therapeutic relationship appropriate issues such as the nature and anticipated course of counseling‚ fees and confidentiality’. Australian Counselling Association (ACA)’s Code of Conduct: Code of Ethics section‚ point number five which states‚ ‘as members of the ACA we will: offer a promise of confidentiality
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