Corporate Ethics Essays (Examples)
Study Document
C Suite Executive Leadership And Ethics
… and humility.
The subject of this interview holds ethical beliefs that align with universal principles, while veering more towards the philosophy of character ethics. As Crossan, Mazutis & Seijts (2013) point out, character ethics or virtue ethics can prove to be a more sensible model or framework for guiding the decisions made by leaders. Unlike deontological or utilitarian ethical frameworks, … be a more sensible model or framework for guiding the decisions made by leaders. Unlike deontological or utilitarian ethical frameworks, virtue and character ethics demand self-reflection, the willingness to change, and the ability to act based on intrinsic motivation to do the right thing. At the same … ethical code that outlines behavioral guidelines and the ramifications of transgressions. For example, Schwartz (2013) found that formal elements such as “code of ethics, ethics training, an ethics hotline, and an ethics officer” prove far more effective than nebulous means……
References
References
Bailey, C. & Shantz, A. (2018). Creating an ethically strong organization. MIT Sloan Management Review. http://ilp.mit.edu/media/news_articles/smr/2018/60101.pdf
Crossan, M., Mazutis, D. & Seijts, G. (2013). In search of virtue. Journal of Business Ethics 113(4): 567-581.
Hatcher, T. (2008). The value of values in the C-suite. In Sims, R.R. & Quatro, S.A. (Eds.) Executive Ethics. Charlotte: IAP, pp. 97-122.
Hoekstra, E., Bell, A. & Peterson, S.R. (2008). Humility in Leadership: Abandoning the Pursuit of Unattainable Perfection. In S.A. Quatro & R. R. Sims (Eds.), Executive Ethics: Ethical Dilemmas and Challenges for the C-Suite. Greenwich, CT: Information Age Publishing, pp. 79-96.
MacDougall, A.E., Bagdarasov, Z. & Buckley, M.R. (2008). Applying a primary risk management model to the C-suite. In Sims, R.R. & Quatro, S.A. (Eds.) Executive Ethics. Second Edition. Charlotte: IAP, pp. 211-234.
Martin, R. (2011). The CEO\\\\'s ethical dilemma in the era of earnings management. Strategy & Leadership 39(6): 43-47.
Schwartz, M.S. (2013). Developing and sustaining an ethical corporate culture: The core elements. Business Horizons 56(1): 39-50.
Study Document
Amazon S Code Of Ethics
… global role to play in making the world a better place. That is why it focuses on sustainability as one of its core corporate social responsibility (CSR) objectives (Amazon Sustainability, 2019). Its other CSR programs include working with Feeding America, Worldreader’s LEAP 2.0 program to promote education … underserved populations, and “Girls Who Code,” to help promote gender equality in the IT industry. Underlying these CSR programs is a Code of ethics that seeks to promote compliance with all local, state and federal laws and to foster a strong ethical spirit among its workers.
The … to promote compliance with all local, state and federal laws and to foster a strong ethical spirit among its workers.
The Code of ethics for Amazon first focuses on compliance with all external lows of the city, state and federal government. Secondly, it focuses on removing conflicts … against discrimination and harassment in……
References
References
Amazon Code of Ethics. (2019). Retrieved from https://ir.aboutamazon.com/corporate-governance/documents-charters/code-business-conduct-and-ethics?c=97664&p=irol-govConduct
Amazon Sustainability. (2019). Retrieved from https://www.aboutamazon.com/sustainability
Study Document
Volkswagen Emissions Fraud
… opportunity to reduce the risk of such fraud by removing much of the moral hazard concerned with equity-based compensation and the misalignment of corporate goals and executive goals. This is done at the level of executive compensation structure, because once the moral hazard itself is created, the ……
References
References
Ganti, A. (2019) Rationcal choice theory. Investopedia. Retrieved January 18, 2020 from https://www.investopedia.com/terms/r/rational-choice-theory.asp
Palmiter, A. (no date). Corporate governance as moral psychology. In possession of the author.
Parloff, R. (2018) How VW paid $25 billion for dieselgate – and got off easy. Business Ethics. Retrieved January 18, 2020 from https://business-ethics.com/2018/02/08/1638-how-vw-paid-25-billion-for-dieselgate-and-got-off-easy/
Smith, A. (2018) Volkswagen ex-CEO charged with fraud in diesel emissions scandal. CNN. Retrieved January 18, 2020 from https://money.cnn.com/2018/05/03/news/companies/winterkorn-vw-diesel-scandal/index.html
Study Document
Wells Fargo Collateral Protection Insurance Scandal
… not focus on a clear definition of the “the good” in an objective or universal sense. That is not a problem with Kantian ethics. The good is clearly defined as the moral imperative that arises out of an awareness of one’s duty. With a written code of … The good is clearly defined as the moral imperative that arises out of an awareness of one’s duty. With a written code of ethics that defines the bank’s duty to its clients, the moral awareness would be clear to all.
In conclusion, a Kantian Ethical framework would ……
References
References
Forsyth, D. R., & O’Boyle Jr, E. H. (2011). Rules, standards, and ethics: Relativism predicts cross-national differences in the codification of moral standards. International Business Review, 20(3), 353-361.
Goodpaster, K. (1983). Ethical frameworks for management. HBS.
Horowitz, D. (2011, May). We need a \\\\\\"moral operating system\\\\\\" Retrieved from https://www.ted.com/talks/damon_horowitz (Links to an external site.)
Top Class Actions. (2019). The settlement is closed. Retrieved from https://topclassactions.com/lawsuit-settlements/closed-settlements/917069-wells-fargo-auto-loan-insurance-class-action-settlement/
Study Document
Walmart And Starbucks Sustainability
… community service, youth action, the Starbucks Foundation, the Ethos Water Fund, and the company's diversity plan. On the sustainability front, there is the ethics of coffee, tea, cocoa and farmer support and this combines with water, energy, green building and climate change. The company's marketing of its … narrow, relative to that of
Starbucks.
Milton Friedman (1970) responded to the environmental movement of the 1960s and calls for greater levels of corporate social responsibility with the seminal counterpoint to the idea that corporations have particular responsibilities. While much has been written on the pro-responsibility side, … have a responsibility to their shareholders to make money. The logic is this. People invest in corporations to earn returns on their investment. corporate managers serve the shareholders, and therefore they should orient their activities solely towards increasing profit. Friedman is clear that this is within the … of their respective approaches.
Menon……
References
References
Aguilera, R, Rupp, D., Williams, C. & Ganapathi, J. (2005) Putting the S back in corporate social responsibility: A multi-level theory of social change in organizations. Academy of Management Review. (2005). Retrieved November 4, 2017 from https://www.ideals.illinois.edu/bitstream/handle/2142/1768/TS_Aguilera.pdf?sequence=2&isAllowed=y
Banerjee, S. (2008) Corporate social responsibility: the good, bad and the ugly. Critical Sociology. Vol. 34 (1)
Blowfield, M., Frynas, J. (2005) Editorial setting new agendas: Critical perspectives on corporate social responsibility in the developing world. International Affairs. Vol. 81 (3) 499-513.
Brammer, S., Jackson, G. & Matten, D. (2012). Corporate social responsibility and institutional theory: New perspectives on private governance. Socio-Economic Review. Vol. 10 (2012) 3-28.
Campbell, J. (2007) Why would corporations behave in socially responsible ways? An institutional theory of corporate social responsibility The Academy of Management Review. Vol. 32 (3) 946-967.
Epstein, E. (1987) The corporate social policy process: Beyond business ethics, corporate social responsibility, and corporate social responsiveness. California Management Review. Vol. 29 (3) 99.
Friedman, M. (1970) The social responsibility of business is to increase its profits. New York Times Magazine. Retrieved November 4, 2017 from https://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html
Heningway, C. & Maclagan, P. (2004) Managers' personal values as drivers of corporate social responsibility. Journal of Business Ethics. Vol. 50 (1) 33-44.
Study Document
Foxtrot Phone Scandal
… Action
Notifying the company’s management of the telephone’s current operations would promote honesty on the individual’s part and demonstrate commitment to code of ethics. Individuals who have been using the phone are likely to be embarrassed of their actions and even subjected to disciplinary actions based on … the company will prevent further losses relating to payment of the telephone calls by addressing the problem.
Ethical Criteria Used to Determine Action
corporate Ethical Virtues (CEV) Model postulate that organizations explicitly state the kind of ethical behavior expected of managers and employees (Kapstein, 2015). Based on ……
References
References
Cooper, T.L. (2012). The responsible administrator: An approach to ethics for the administrative role (6th ed.). San Francisco, CA: Jossey-Bass.
European Ombudsman. (2012, November 15). Ensuring Ethics in Public Administration: The Role of the Ombudsman. Retrieved June 7, 2020, from https://www.ombudsman.europa.eu/en/speech/en/49379
Kapstein, M. (2015). The Battle for Business Ethics: A Struggle Theory. Journal of Business Ethics, 144, 343-361.
Ondrova, D. (2017). Challenges of Modern Public Administration and Ethical Decision-Making. RAP, 3, 255-279.
Singh, A.K. & Mishra, N.K. (2018). Ethical Theory & Business – A Study Based on Utilitarianism and Kantianism. International Journal of Humanities and Social Development Research, 2(1), 97-113.
Stein, C. (2019, January 25). Ethical Considerations in Public Administration. PA Times. Retrieved June 7, 2020, from https://patimes.org/ethical-considerations-in-public-administration/
Study Document
The Transformation Of The US Into Oceania
… 2020, para. 3). In fact, fully two-thirds (66%) of American companies currently monitor their employees internet activity, and…[break]…a blind eye to violations of corporate policy or efforts by consumers or other companies to defraud them, but it is to say that the mitigation of threats to privacy ……
References
References
Black’s law dictionary. (1990). St. Paul, MN: West Publishing Company.
Cantor, M. D. (2006, Summer). No information about me without me: Technology, privacy, and home monitoring. Generations, 30(2), 49-55.
Ethical issues facing businesses. (2020). Florida Tech. Retrieved from https://www.floridatech online.com/blog/business/the-5-biggest-ethical-issues-facing-businesses/.
Haslag, C. (2018, Fall). Technology or privacy: Should you really have to choose only one? Missouri Law Review, 83(4), 1027-1033.
Karn, R. (2019). The biggest threat to data security? Humans, of course. The Privacy Advisor. Retrieved from https://iapp.org/news/a/the-biggest-threat-to-data-security-humans-of-course/ .
Sharma, P. (2017, June). Organizational culture as a predictor of job satisfaction: The role of age and gender. Journal of Contemporary Management Issues, 22(1), 35-40.
Taslitz, A. E. (2009, Spring). The Fourth Amendment in the twenty-first century: Technology, privacy, and human emotions. Law and Contemporary Problems, 65(2), 125-131.
Study Document
Shareholder Vs Stakeholder Theory
… will take care of itself. The problem is that times have changed since Friedman made that statement. When Friedman argued for shareholder theory, corporate share buybacks were still illegal. It was not until 1982 that the rule regarding public companies buying back their own shares on the … and Exchange Commission (SEC) (Reda, 2018). That is significant because Friedman qualified his statement with the words “without deception or fraud.” The reason corporate share buybacks were illegal prior to 1982 was precisely because it was viewed as a form of market manipulation—corporations propping up the share … rake in the millions of dollars that they are potentially sitting on in terms of shares and stock options, they have to authorize corporate share buybacks so that they too can unload their shares and make money. They are shareholders, too, after all, and maximizing shareholder value … market manipulation—only now it is……
References
References
Augustine. (n.d.). Commentaries on Sermon on the Mount. http://www.newadvent.org/fathers/16011.htm
Chen, J. (2019). Market Milestones as the Bull Market Turns 10. Retrieved from https://www.investopedia.com/market-milestones-as-the-bull-market-turns-10-4588903
Egan, M. (2018). Tax cut triggers $437 billion explosion of stock buybacks. Retrieved from https://money.cnn.com/2018/07/10/investing/stock-buybacks-record-tax-cuts/index.html
Henrich, S. (2019). Unholy alliance. Retrieved from https://northmantrader.com/2019/11/30/unholy-alliance/
Laux, C., & Leuz, C. (2010). Did fair-value accounting contribute to the financial crisis?. Journal of economic perspectives, 24(1), 93-118.
Light, L. (2019). More than Half of All Stock Buybacks are Now Financed by Debt. Here’s Why That’s a Problem. Retrieved from https://fortune.com/2019/08/20/stock-buybacks-debt-financed/
Mullen, C. (2019). People want to buy \\\\\\'local\\\\\\' food, but they\\\\\\'re not sure what it means. Retrieved from https://www.bizjournals.com/bizwomen/news/latest-news/2019/05/people-want-to-buy-local-food-but-theyre-not-sure.html?page=all
Putka, G. (2019). Insiders are selling. Retrieved from https://www.washingtonpost.com/business/economy/company-insiders-are-selling-stock-during-buyback-programs-and-making-additional-profits-when-stock-prices-jump-and-its-legal/2019/11/06/fc592f58-e493-11e9-a331-2df12d56a80b_story.html
Study Document
Nelson Mandela
… charisma for inspiring followers to also stick to those values. Sound leadership aids companies with vision creation that serves as the basis for corporate values. Ethical decisions form an important component of efficient leaders, in addition to their capability of driving others towards goal attainment.
The term … values. Ethical decisions form an important component of efficient leaders, in addition to their capability of driving others towards goal attainment.
The term ethics, or moral philosophy as it is otherwise referred to, entails systematization, defense and recommendation of the concepts of correct and incorrect conduct (Fisher … to, entails systematization, defense and recommendation of the concepts of correct and incorrect conduct (Fisher & Lovell, 2006). Every professional must necessarily follow ethics codes. Ethical leadership results in the development of an ethically sound corporate culture which functions as the basis for ethical decisions. In this paper, moral and ethical leadership will……
References
References
Daft, R. L. (2010). Organization theory and design, 10th Edition. Mason, OH: South-Western Cengage Learning.
Ferrell, O. C., & Fraedrich, J. (2015). Business ethics: Ethical decision making & cases. Nelson Education.
Fisher, C., & Lovell, A. (2006). Business Ethics and Values: Individual, Corporate and International Perspectives. FT Prentice Hall.
Glad, B., & Blanton, R. (1997). FW de Klerk and Nelson Mandela: A study in cooperative transformational leadership. Presidential Studies Quarterly, 27(3), 565-590.
Masbagusdanta, K. (2013). Everyone Can Be a Moral Leader. Global ethics network. Retrieved from https://www.globalethicsnetwork.org/profiles/blogs/everyone-can-be-a-moral-leader
Schoemaker, P.J.H. & Krupp, S. (2014). 6 principles that made Nelson Mandela a renowned leader. Fortune. Retrieved from https://fortune.com/2014/12/05/6-principles-that-made-nelson-mandela-a-renowned-leader/
Tutu, D. (2013). Nelson Mandela: A colossus of unimpeachable moral character. The Washington Post. Retrieved from https://www.washingtonpost.com/local/nelson-mandela-a-colossus-of-unimpeachable-moral-character/2013/12/06/0a2cd28a-5ec9-11e3-be07-006c776266ed_story.html
Study Document
Agency Theory And The Limitations Of Representative Government
...Corporate ethics The Political Nature of the Federal Budget Process
Introduction
The federal budget process is overseen by US Congressmen, who are fundamentally immersed in the political nature of government. As Elwood (2008) notes, members of Congress are influenced in three ways: 1) by money that is used to finance their political campaigns; 2) by obtaining the votes necessary for reelection; and 3) by obtaining expert advice on topics that are of personal importance to them. The federal budget process is particularly impactful on the first two and vice versa. For example, “the ability to funnel money into a congressional district or state provides an excellent opportunity for a legislator to remain in office” (Elwood, 2008, p. 3). This ability creates a conflict of interest among the politicians overseeing the budget process. On the one hand they are tasked with producing a budget resolution and allocating funds based on the duty to……
References
References
Eisenhardt, K. M. (1989). Agency theory: An assessment and review. Academy of management review, 14(1), 57-74.
Elwood, T. W. (2008). Politics of the US Federal Budget Process. International quarterly of community health education, 28(1), 3-12.
Jennings, M. (2008). Business Ethics: Case Studies and Selected Readings. Cengage.
Machold, S., Ahmed, P.K., & Farquhar, S.S. (2007). Corporate Governance and Ethics: A Feminist Perspective. Journal of Business Ethics (2008) 81:665-678.
ProActive Solutions. (2020). Agency theory. Retrieved from http://knowledgegrab.com/learners-zone/study-support/performance-management-review/framework-introduction-to-hrm/agency-theory/
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