Business Ethics and Corporate Social Responsibility Chapter Objectives

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CHAPTER 2 Business Ethics and Corporate Social Responsibility CHAPTER OBJECTIVES 1 Explain the purpose of paying for whistleblowers. 2 Define ethics and describe sources of ethical guidance. 3 Discuss attempts at legislating ethics. 4 Explain the importance of creating an ethical culture, describe a code of ethics, and support the importance of linking pay to ethical behavior. 5 Explain human resource ethics and describe ethics training. 6 Describe the concept of corporate social responsibility. 7 Explain why everyone is not on board with regard to corporate social responsibility. 8 Explain corporate sustainability. 9 Describe a social audit. 10 …show more content…
The Act requires the SEC to provide an award to a qualifying whistleblower of no less than 10 percent and no greater than 30 percent of any sanction imposed against a violator of any securities laws as a result of “original information” from a whistleblower that is “voluntarily provided” to the SEC that leads to a successful enforcement or related action. Ethics Discipline dealing with what is good and bad, or right and wrong, or with moral duty and obligation. sources of ethical guidance One might use a number of sources to determine what is right or wrong, good or bad, moral or immoral. These sources include the Bible and other holy books. They also include the still, small voice that many refer to as conscience. Another source of ethical guidance is the behavior and advice of the people psychologists call significant others—our parents, friends, role models, and members of our churches, clubs, and associations. For most professionals, there are codes of ethics that prescribe certain behaviors. Legislating Ethics Much of the current legislation was passed because of business ethics breakdowns. There have been four attempts to legislate business ethics since the late 1980s. PROCUREMENT INTEGRITY ACT of 1988—Prohibits the

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