Corporate Codes of Ethics

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GRIN Verlag, 2007 - 88 páginas
Essay from the year 2005 in the subject Business economics - Business Ethics, Corporate Ethics, grade: A+, University of Otago (Department of Management), course: International Management, 45 entries in the bibliography, language: English, abstract: As long as human societies exist, the life of man has been based on norms, rules, values and practices that governed human behaviour. Individual and communal-shared ethics even make life within society possible as we know it. Part of this social life is doing business, in form of exchanging goods to fulfil basic needs and to achieve higher levels of satisfaction for oneself and for others. However, to combine moral thinking and acting with today's business activities in a free market economy seems to be counterintuitive. Somehow both notions do not really fit together. Still, Corporate Codes of Ethics exist. This essay consist of two parts. Each part reflects one question or problem that I found worthy of having more light shed on it. The first part answers the question "Why do corporate Codes of Ethics exist?" or "Why do corporations establish corporate Codes of Ethics?" under the basic assumptions, that ethics are 'costly' and therefore against the idea of maximising profit which is predominant in the market ideology. Proving these assumptions is not so easy. First the term ethics will be defined and selected theories which could be the basis for Codes of Ethics will be portrayed. Then it is important to know what kind of morality is underlying the modern market ideology as we know it. Following that a correlation is sought between the market morality and corporate ethics, ending in the insight that corporate morality is costly and, therefore, is against economic intuition. Part one finishes then with a surprisingly simple answer to the question why codes exist. The second part brings the findings of the first part in a broader context. The considered corporation of part one now 'grows' beyond borders and begins to

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Página 9 - But man has almost constant occasion for the help of his brethren, and it is in vain for him to expect it from their benevolence only.
Página 9 - Whoever offers to another a bargain of any kind, proposes to do this. Give me that which I want, and you shall have this which you want, is the meaning of every such offer; and it is in this manner that we obtain from one another the far greater part of those good offices which we stand in need of. It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own intereft. We address ourselves,. not to their humanity, but to their...
Página 7 - I ought never to act except in such a way that I can also will that my maxim should become a universal law.
Página 27 - ... negotiations when conflict arises; avoid discriminatory practices and guarantee equal treatment and opportunity in areas such as gender, age, race, and religion; promote in the business itself the employment of differently abled people in places of work where they can be genuinely useful; protect employees from avoidable injury and illness in the workplace...
Página 26 - While accepting the legitimacy of trade secrets, businesses should recognize that sincerity, candor, truthfulness, the keeping of promises, and transparency contribute not only to their own credibility and stability but also to the smoothness and efficiency of business transactions, particularly on the international level. Principle 4. Respect for Rules To avoid trade frictions and to promote freer trade, equal conditions for competition, and fair and equitable treatment for all participants, businesses...
Página 8 - Frankena refer to this view as "normative relativism," by which they mean: what is right or good for one individual or society is not right or good for another, even if the situations involved are similar...
Página 27 - ... respect the integrity of the culture of our customers. Employees We believe in the dignity of every employee and in taking employee interests seriously. We therefore have a responsibility to: • provide jobs and compensation that improve workers...

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