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Related Flashcards
Related Topics
Cards In This Set
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Corporate culture
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Blend of ideas, customs, traditional practices, company values, shared meanings that help define normal behavior for everyone who works in the co
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Ethical climates
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-unspoken understanding among employees of what is or is not acceptable
1) egoism
2) benevolence
3) principle
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Accounting ethics
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-financial records of publicly help companies must be audited by CPA firms
-conflicts of interest arise between personal interests vs. interest of others
-IAS in Europe and FASB in US
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Financial ethics
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-designate money laundering compliance officer, provide training for employees to detect money laundering, conduct independent audits, establish policies and procesdures to identify risk
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Marketing ethics
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-pricing, promotions, advertising, product info,marketing research are potential problem areas
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Information technology ethics
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Invasion of privacy; collecting, storing, acessing personal business info; confidentiality of electronic mail communication; copyright protection
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Institutionalizing ethics
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-building ethical safeguards into a company's structure
1) compliance based approach: seeks to avoid legal sanctions, emphasizes threat of detection and punishment in order to channel employee behavior
2) integrity based approach: combines law and personal respobility of employees to act in ethically acceptable way
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Top management
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Example set by top executives is critical to fostering ethical behavior
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Ethics policies or codes
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-provide guidance to managers and employees in an ethical dilemma
-guidelines for accepting/refusing gifts from suppliers, avoiding conflicts of interest, maintaining security of proprietary information, avoiding discriminatory personnel practices
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Ethics officers, compliance officers, ombudspersons
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Entrusted with reducingrisks to the company of employee misconfuct, ensuring commitment to corporate values, establishing better corporate culture
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Ethics assist lines or helplines
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Employees place a call when troubled about ethical issues
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Ethics training programs
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Offer ethical training to build in ethical safeguards
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Ethics audit
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Assess effectiveness of ethical safeguards by documenting evidence of increased ethical employee behavior
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Ethics and law
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Ethics- deal with human dilemmas that go beyond lawand require more than compliance with laws
law- society's attempt to formalize ideas about right and wrong behavior
ethics and law both define proper and improper behavior
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