Badm Ch 5

Front 1

Corporate Culture

Back 1

is a blend of ideas,customs, and traditional practices, company values, and shared meanings that help define normal company behavior

Front 2

Ethical Climate

Back 2

the part of corporate culture that sets the ethical tone in a company

Front 3

Three Ethical Criteria

Back 3

Egoism:Self-centerdness
Benevolence: concern for others
Principle: respect for ones own integrity, group norms, societys laws

Front 4

Ethics Policies or Codes

Back 4

purpose is to provide guidance to managers and employees when they encounter an ethical dilemma

Front 5

Ethics and Compliance Officers

Back 5

entrusted with reducing risks to the company of employee misconduct, ensuring commitment to corporate values, better corporate culture

Front 6

Ethics Reporting Mechanisms

Back 6

typically have 3 uses.
1) to provide interpretation of proper ethical behavior involving conflicts of interest
2) create an avenue to make known to the proper authorities allegations of unethical conduct
3) to give employees and other corporate stakeholders a way to discover general info about a wide range of work related topics

Front 7

Employee Ethics Training

Back 7

large companies participate much more than small companies, usually conduct regular ethics training in the areas of antitrust compliance, sexual harassment, adherence, and company code of conduct

Front 8

Ethics Audit

Back 8

is required to note any deviations from the companys ethics standards and bring them to the attention of the audit supervisor
then managers are monitored on their corrective actions

Front 9

Ethics Safegaurds

Back 9

Promoted ethics at work
Developed code of ethics
Created ethics office/ advice
Established ethics hotline
Offered ethics training
Conducted audit/evaluation

Front 10

Bribery

Back 10

questionable or unjust payment often to a government official to ensure or facilitate a business transaction

Front 11

U.S. Foreign Corrupt Practices Act

Back 11

Executives representing U.S. based companies are prohibited from paying bribes to foreign governments officials, political parties, or political candidates

Front 12

Laws

Back 12

society attempt to formalize the general publics ideas about what constitutes right and wrong conduct in various spheres of life

Front 13

White Collar Crime

Back 13

illegal acts committed by employees or business professionals such as fraud , insider trading embezzlement, or computer crime