A reward for ethical behavior The ethical behavior must be recognized and appreciated and at the time it must be awarded. So it can promote ethics in other employees. Conclusion Ethics in business and in corporate culture has become a critical issue for many companies.
Guidelines: Make an ethical guideline to help employees in the company that know the positive and negative of company’s activities. This will help limit unethical behavior by increasing awareness. 2. Ethics officers: The company can hire an ethical officer to ensure the company pay sufficient attention to the ethical ramifications.
This committee would be responsible for the development and operation of the ethics management framework. They will also oversee the implementation and administration of the ethics management framework, including administration and training of policies and procedures, and resolving ethical dilemmas. iii) Establish an Ethics Office An ethics officer manages the institutionalization of ethics in an organisation1. This role is becoming more common, particularly in larger and more progressive organizations. The ethics officer is usually trained about matters of ethics in the workplace, particularly about resolving ethical dilemmas.2 With ethics being questionable in CORCON, there is no doubt that the existence of an ethics office will be beneficial to employees and the company as a whole.
Ethics and integrity is essential and played an important role in helping the growth of the business. Behave ethically could contribute to good performance and customers’ satisfaction. This lead maintains and expands the relationship between both parties and indirectly would increase company reputation (Bandsuch, M 2009). According to the Trevino & Nelson (2010), behave in ethics and integrity not only could stronger the relationship with the customers, but also the relationship with the stakeholders.
Businesses responsibilities Corporate responsibility refers to business’ obvious ethical responsibility towards honesty and integrity regarding business dealings. But corporate responsibility can be defined as businesses obligation to protect and promote the welfare of all stakeholders. in reference to “the king code”, which emphasises triple bottom line reporting, whereby the business is not only concerned about the internal stakeholders such as owners, shareholders and management but also the external stakeholders effected by business ‘operations. Corporate responsibility basically deals with socio-economic problems that government normally has to look into, so instead of waiting for government to enforce certain matters with legislation, it is better for business to take a more proactive stance help in improving society. Although it is important for business to make a profit and tend to its financial performance, it is also regarded as equally important to tend to the interests of the external shareholders.
That could result in positive publicity, which would mean more R2s can be added to the Add Hope program. What is Professionalism? The competence or skill expected of a professional.
Topic: Ethics and Professionalism Date: 16 August 2016 Ethics refers to the moral values set mostly by society and by the business as a standard for correct behaviour and professionalism refers to the way the business managers and employees conduct themselves when in contact with stakeholders (people directly or indirectly affected by the business). The Code of Ethics and Code of Conduct describes the way the organisation operates and the appropriate behaviour that is expected in the workplace respectively; from not only employees but managers too. The Code of Conduct is vital for every business to move forward with integrity from its leaders in their character and performance.
According to king III reports, ethics (integrity and responsibility) is the foundation of and reason for corporate governance. The ethics of govern once requires the board to ensure that the company is run ethically. As this achieved the company earns the necessary approval _ its license to operate from those affected and affecting its operations. (LoDSA, 2009: p21). Unethical behaviour inside the company is frequently caused by unethical individuals.
An Ethical Dilemma Name: Date: An Ethical dilemma Introduction The capability to recognize and tackle business ethics matters is significant for the decision-making process and the success of a company. According to Ferrell and Fraedrich (2016), business ethics encompasses organizational values and culture that guide individual and group behavior in a business. With proper business ethics, sound decisions and judgements are made concerning the welfare of workers and the overall growth of the company.
Transparency can be defined as about being open, honest, and responsible in the way someone carries on their business. This mean sharing, to whatever extent possible, fact about the company on how it is set up, how it operates, what is salaries and bonuses are based on and how its workers are expected to treat customers and each other. Transparency important for the long-term health of a company because it is to avoid damage reputation of the business, attract and retain good employees, boost employee morale, trust and loyalty and for longer term business performance and sustainability. Transparency can be included trustworthiness of a company and company relations. It is important for a company to take into consideration and be responsible to the needs of all organization’s employees and other economic agents because it can give serious impact for the future of an organization.