The document provides an overview of business ethics and values. It discusses key concepts like the definition of business ethics as moral principles that guide conduct in organizations. It also examines the nature of ethics and responsibility. The document then discusses topics like corporate ethics, virtues of businessmen, ethics and competition, and how corporate culture is transmitted through stories, rituals, symbols and language. It provides the example of professional services firm PwC and summarizes their code of conduct which is based on their core values.
This document outlines the key topics around business ethics that will be covered, including: the concept and nature of business ethics; elements of business ethics like values, rights, and duties; levels of business ethics from societal to personal; sources of ethical standards like societal attitudes and legal environments; the need for ethics in business to maintain image and trust; factors governing business ethics like organizational goals and professional codes; developing an ethical program with codes, communication, and enforcement; models of business conduct; the concept and importance of corporate values; and a case study with bibliography. The presentation will cover these various aspects of business ethics.
This document discusses values, ethics, and ethical issues that can arise in business. It defines values as abstract ideals that guide behavior and distinguishes between instrumental values related to appropriate behavior and terminal values focused on desired end states. Ethics are defined as the study of moral obligations regarding right and wrong. The document outlines common ethical dilemmas and misconduct in organizations, such as lying, harassment, and theft. It also discusses causes of unethical behavior like pressure and rationalizations. Tips are provided for developing an ethical culture through codes of conduct, communication, and education. Managing ethics is said to benefit organizations and society by cultivating productivity and maintaining a moral course.
Business ethics deals with applying principles of morality and values to business activities. It helps establish a framework of conduct for businesses through codes of conduct, protection of social groups, and guidance. Maintaining business ethics provides advantages to all stakeholders by improving consumer confidence, creating a good company image, and ensuring fair treatment of employees, consumers, and society. Upholding business ethics is essential for the long-term success and reputation of a company.
Business ethics can be defined as written and unwritten codes of principles and values that govern decisions and actions within a company.
In the business world, the organization’s culture sets standards for determining the difference between good and bad decision making and behavior.
Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations
This document provides an overview of ethical issues in business. It begins by defining business ethics as moral principles that guide how a business behaves. It then discusses various ethical issues businesses may face, such as fairness, honesty, diversity, decision-making, compliance, social media use, and harassment. The document also covers advantages of practicing business ethics like increased goodwill and productivity, as well as potential disadvantages like reduced freedom and extra costs. It concludes by emphasizing the importance of ethical leadership and behavior for businesses.
This document outlines the key topics around business ethics that will be covered, including: the concept and nature of business ethics; elements of business ethics like values, rights, and duties; levels of business ethics from societal to personal; sources of ethical standards like societal attitudes and legal environments; the need for ethics in business to maintain image and trust; factors governing business ethics like organizational goals and professional codes; developing an ethical program with codes, communication, and enforcement; models of business conduct; the concept and importance of corporate values; and a case study with bibliography. The presentation will cover these various aspects of business ethics.
This document discusses values, ethics, and ethical issues that can arise in business. It defines values as abstract ideals that guide behavior and distinguishes between instrumental values related to appropriate behavior and terminal values focused on desired end states. Ethics are defined as the study of moral obligations regarding right and wrong. The document outlines common ethical dilemmas and misconduct in organizations, such as lying, harassment, and theft. It also discusses causes of unethical behavior like pressure and rationalizations. Tips are provided for developing an ethical culture through codes of conduct, communication, and education. Managing ethics is said to benefit organizations and society by cultivating productivity and maintaining a moral course.
Business ethics deals with applying principles of morality and values to business activities. It helps establish a framework of conduct for businesses through codes of conduct, protection of social groups, and guidance. Maintaining business ethics provides advantages to all stakeholders by improving consumer confidence, creating a good company image, and ensuring fair treatment of employees, consumers, and society. Upholding business ethics is essential for the long-term success and reputation of a company.
Business ethics can be defined as written and unwritten codes of principles and values that govern decisions and actions within a company.
In the business world, the organization’s culture sets standards for determining the difference between good and bad decision making and behavior.
Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations
This document provides an overview of ethical issues in business. It begins by defining business ethics as moral principles that guide how a business behaves. It then discusses various ethical issues businesses may face, such as fairness, honesty, diversity, decision-making, compliance, social media use, and harassment. The document also covers advantages of practicing business ethics like increased goodwill and productivity, as well as potential disadvantages like reduced freedom and extra costs. It concludes by emphasizing the importance of ethical leadership and behavior for businesses.
This document discusses the importance of business ethics. It notes that ethical behavior and corporate social responsibility can boost sales, reduce employee turnover, attract more talented employees, and attract investors, protecting a company's share price. Unethical behavior may damage a company's reputation and lower profits. The document outlines foundations of ethical behavior like treating others well and outlines some common ethical issues businesses face like honesty, fair compensation, and respecting others. It discusses how ethics can contribute to employee commitment, investor loyalty, customer satisfaction, and relationships with stakeholders. The conclusion emphasizes that an integrity approach to business can strengthen competitiveness and improve work life and relationships.
CH- 3 CONCEPTUAL FRAMEWORK OF CORPORATE GOVERNANCE Bibek Prajapati
CH- 3 CONCEPTUAL FRAMEWORK OF CORPORATE GOVERNANCE
FOR CS PROFESSONAL, CA, CMA
Definitions of Corporate Governance
• ICSI Principles of Corporate Governance
• Need for Corporate Governance
• Theories of Corporate Governance
• Evolution and Development of Corporate Governance
• Elements of Good Corporate Governance
The root of the word Governance is from ‘gubernate’, which means to steer. Corporate governance would mean to steer an organization in the desired direction. The responsibility to steer lies with the board of directors/governing board.
• Kautilya’s Arthashastra maintains that for good governance, all administrators, including the king were considered servants of the people. Good governance and stability were completely linked. There is stability if leaders are responsive, accountable and removable. These tenets hold good even today.
• Corporate Governance Basic theories: Agency Theory; Stock Holder Theory; Stake Holder Theory; Stewardship Theory
OECD has defined corporate governance to mean “A system by which business corporations are directed and controlled”. Corporate governance structure specifies the distribution of rights and responsibilities among different participants in the company such as board, management, shareholders and other stakeholders; and spells out the rules and procedures for corporate decision making. By doing this, it provides the structure through which the company’s objectives are set along with the means of attaining these objectives as well as for monitoring performance.
This document provides an introduction to business ethics. It discusses how business ethics prescribes standards for how business should be conducted, with responsibilities to stakeholders. Ethical behavior is defined as behavior that is morally good and right. Benefits of ethical behavior include higher revenues, improved brand recognition, and better employee motivation and recruitment. The relationship between business and ethics is discussed, noting that businesses with strong ethics are more prosperous. The importance of ethics in business is outlined, including ensuring goodwill, profitability, and sustainability. Different types of ethics like normative and applied ethics are mentioned. The distinctions between morality, legality, and ethics are introduced. The concept of rights and duties are discussed. Factors that make an organization ethical are
Legality is only a first step
Questions to ask: When faced with a potentially unethical action.
Management’s role
Compliance/Integrity based codes
Corporate social responsibility
A definition and stakeholders
This document discusses business ethics and corporate governance. It begins by defining ethics as examining moral standards of individuals, groups, or organizations and how those standards apply to lives and existence. It then discusses various ethical theories like utilitarianism, deontology, virtue ethics, and system development ethics. It also discusses the importance of ethics for business, defining values and virtues, and the role of leadership and culture in developing an ethical organization. It covers topics like work ethics, environmental ethics, and the role of stakeholders in preserving the environment.
The document discusses the meaning and importance of ethics, especially business ethics. It defines ethics as the science of character and principles that determine right and wrong conduct. Business ethics comprises the moral principles that guide behavior in business. The document outlines different views on the relationship between business and ethics, discusses common unethical acts and why misconduct often goes unreported, and provides suggestions for encouraging ethical conduct like training, whistleblowing policies, and codes of ethics.
This presentation talks about meaning of Corporate Governance, models of corporate Governance. It includes Anglo-American, German, Japanese Model of governance.
Go through to know more about the CG & Business Models.
This document provides an overview of social responsibility, ethics, and corporate social responsibility in business. It discusses key concepts such as:
1) Social responsibility means considering human rights and quality of life beyond just profits. Ethics refers to principles of right and wrong.
2) There are differing views on a firm's responsibilities. Friedman argued the sole responsibility is profit maximization, while Carroll proposed four responsibilities: economic, legal, ethical, and discretionary.
3) Stakeholders like customers, employees and communities are impacted by business decisions. Analysis involves identifying primary and secondary stakeholders and how strategies affect them.
Business ethics and corporate governanceLiza Khanam
Business ethics focuses on applying moral principles to business situations and decisions. While businesses aim to make profits, they also have responsibilities to shareholders, employees, customers, and society. Unethical practices harm stakeholders and include misleading advertising, profiteering, adulterating products, and not fulfilling social responsibilities. Corporate governance is meant to ensure companies are run ethically and treat all stakeholders fairly, not just maximizing shareholder profits at the expense of others. Ethics and values need to come from within an organization's culture and leadership.
This document discusses the importance of ethics in the finance sector. It notes that individuals trust financial firms with their hard-earned savings and want to feel confident that professionals will act with integrity. It then provides an overview of regulators and players in the Indian financial sector before detailing some common ethical violations like insider trading and prioritizing shareholder over stakeholder interests. Finally, it suggests some ways to curb unethical behavior such as improving standards, strengthening laws, and enhancing the role of auditors.
Challenges Of Corporate Social ResponsibilityElijah Ezendu
Issues in development of workable corporate social responsibility strategy and resolution of awe-inspiring stance for championing effective governance.
This document discusses the differences between business ethics and corporate social responsibility (CSR). Business ethics deals with moral principles that guide decision making and behavior within organizations. CSR focuses on a corporation's responsibilities and obligations to external stakeholders in society. While business ethics covers all ethics issues throughout a company's functions, CSR specifically concerns corporate responsibility to the community. The document provides examples of the Tata Group and Ultratech Cement carrying out CSR projects in India like community programs, women's empowerment, education, and environmental conservation.
This document discusses value-based management (VBM) and its implementation. It defines VBM as a management approach that puts shareholder value creation as the core philosophy. VBM is intended to effectively link strategy, measurement, and operations to create shareholder value. The document outlines the generic VBM framework, key value drivers, example metrics like EVA and ROIC, and challenges in implementing VBM like gaining manager buy-in. It provides examples of successful VBM implementations at companies like Coca-Cola and notes that top management support is critical to smooth adoption of VBM.
This document discusses ethical issues in business. It outlines the three C's of business ethics: compliance with rules and laws, contribution to society, and consequences of business activities. Ethical issues can arise from conflicts between personal, organizational, and societal values. Examples of ethical issues include conflicts of interest, honesty and fairness, communications, and organizational relationships. The document provides classifications and examples of different types of ethical issues that can occur in business.
Role of board of directors -Corporate GovernanceRehan Ehsan
This Presentation states the role of board of directors in respect of corporate governance of Pakistan. Reviewing this clear the concept of their legal role in Pakistan.
This document provides an overview of ethics and business ethics. It begins with definitions of ethics, personal ethics, professional ethics, and business ethics. It then discusses the history of ethics and principles of personal and professional ethics. It also covers institutionalizing ethics through codes of conduct, ethical committees, and the significance and need for business ethics. Additional sections define values and ethics, explain how corporations can observe ethics, and discuss ethical decision making and dilemmas in business. The document concludes with a case study example.
This document discusses business ethics and provides definitions, importance, practices, and theories related to business ethics. It defines business ethics as the study of moral rules and regulations governing business situations and decisions. It highlights the importance of business ethics in protecting reputation, ensuring fair practices, and determining obligations. Unethical practices like dishonesty can harm a business through costs like requiring an ethics monitor. Factors influencing business ethics include leadership, personality, policies, and the external environment. Ethical dilemmas may arise when choosing between benefiting people or the business. Common ethics theories explored are utilitarian, rights, justice, and virtue approaches. Globalization requires considering diverse cultural values in business policies.
This document discusses business ethics. It begins by defining ethics as moral principles that govern behavior and distinguish between what is legally right versus morally right. Several principles are outlined like honesty, respect and trust. The document then discusses how ethics apply to businesses and provides examples of unethical practices. It also discusses the benefits of ethical behavior for businesses. Stakeholder issues are examined as well as common challenges that can lead to unethical choices. The case study of Coca-Cola's operations in Kala Dera village is presented, where the company's water extraction damaged water supplies and local agriculture. While Coca-Cola denied wrongdoing, the community organized against the company's operations and lack of response to their concerns.
Corporate Social Responsibility (CSR) Aadhil Ahmed
Corporate social responsibility (CSR, also called corporate conscience, corporate citizenship or responsible business) is a form of corporate self-regulation integrated into a business model.
This document provides an overview of values and ethics in business contexts. It discusses how values influence ethics and defines ethics as moral principles that govern behavior. It then examines ethics in organizations, highlighting key terms. The rest of the document outlines the core values of various companies like ITC, Tata Steel, SAIL, Maruti Udyog, and others. It also discusses concepts like corporate social responsibility and how educating organizations and individuals on ethics is important.
This document discusses the importance of business ethics. It notes that ethical behavior and corporate social responsibility can boost sales, reduce employee turnover, attract more talented employees, and attract investors, protecting a company's share price. Unethical behavior may damage a company's reputation and lower profits. The document outlines foundations of ethical behavior like treating others well and outlines some common ethical issues businesses face like honesty, fair compensation, and respecting others. It discusses how ethics can contribute to employee commitment, investor loyalty, customer satisfaction, and relationships with stakeholders. The conclusion emphasizes that an integrity approach to business can strengthen competitiveness and improve work life and relationships.
CH- 3 CONCEPTUAL FRAMEWORK OF CORPORATE GOVERNANCE Bibek Prajapati
CH- 3 CONCEPTUAL FRAMEWORK OF CORPORATE GOVERNANCE
FOR CS PROFESSONAL, CA, CMA
Definitions of Corporate Governance
• ICSI Principles of Corporate Governance
• Need for Corporate Governance
• Theories of Corporate Governance
• Evolution and Development of Corporate Governance
• Elements of Good Corporate Governance
The root of the word Governance is from ‘gubernate’, which means to steer. Corporate governance would mean to steer an organization in the desired direction. The responsibility to steer lies with the board of directors/governing board.
• Kautilya’s Arthashastra maintains that for good governance, all administrators, including the king were considered servants of the people. Good governance and stability were completely linked. There is stability if leaders are responsive, accountable and removable. These tenets hold good even today.
• Corporate Governance Basic theories: Agency Theory; Stock Holder Theory; Stake Holder Theory; Stewardship Theory
OECD has defined corporate governance to mean “A system by which business corporations are directed and controlled”. Corporate governance structure specifies the distribution of rights and responsibilities among different participants in the company such as board, management, shareholders and other stakeholders; and spells out the rules and procedures for corporate decision making. By doing this, it provides the structure through which the company’s objectives are set along with the means of attaining these objectives as well as for monitoring performance.
This document provides an introduction to business ethics. It discusses how business ethics prescribes standards for how business should be conducted, with responsibilities to stakeholders. Ethical behavior is defined as behavior that is morally good and right. Benefits of ethical behavior include higher revenues, improved brand recognition, and better employee motivation and recruitment. The relationship between business and ethics is discussed, noting that businesses with strong ethics are more prosperous. The importance of ethics in business is outlined, including ensuring goodwill, profitability, and sustainability. Different types of ethics like normative and applied ethics are mentioned. The distinctions between morality, legality, and ethics are introduced. The concept of rights and duties are discussed. Factors that make an organization ethical are
Legality is only a first step
Questions to ask: When faced with a potentially unethical action.
Management’s role
Compliance/Integrity based codes
Corporate social responsibility
A definition and stakeholders
This document discusses business ethics and corporate governance. It begins by defining ethics as examining moral standards of individuals, groups, or organizations and how those standards apply to lives and existence. It then discusses various ethical theories like utilitarianism, deontology, virtue ethics, and system development ethics. It also discusses the importance of ethics for business, defining values and virtues, and the role of leadership and culture in developing an ethical organization. It covers topics like work ethics, environmental ethics, and the role of stakeholders in preserving the environment.
The document discusses the meaning and importance of ethics, especially business ethics. It defines ethics as the science of character and principles that determine right and wrong conduct. Business ethics comprises the moral principles that guide behavior in business. The document outlines different views on the relationship between business and ethics, discusses common unethical acts and why misconduct often goes unreported, and provides suggestions for encouraging ethical conduct like training, whistleblowing policies, and codes of ethics.
This presentation talks about meaning of Corporate Governance, models of corporate Governance. It includes Anglo-American, German, Japanese Model of governance.
Go through to know more about the CG & Business Models.
This document provides an overview of social responsibility, ethics, and corporate social responsibility in business. It discusses key concepts such as:
1) Social responsibility means considering human rights and quality of life beyond just profits. Ethics refers to principles of right and wrong.
2) There are differing views on a firm's responsibilities. Friedman argued the sole responsibility is profit maximization, while Carroll proposed four responsibilities: economic, legal, ethical, and discretionary.
3) Stakeholders like customers, employees and communities are impacted by business decisions. Analysis involves identifying primary and secondary stakeholders and how strategies affect them.
Business ethics and corporate governanceLiza Khanam
Business ethics focuses on applying moral principles to business situations and decisions. While businesses aim to make profits, they also have responsibilities to shareholders, employees, customers, and society. Unethical practices harm stakeholders and include misleading advertising, profiteering, adulterating products, and not fulfilling social responsibilities. Corporate governance is meant to ensure companies are run ethically and treat all stakeholders fairly, not just maximizing shareholder profits at the expense of others. Ethics and values need to come from within an organization's culture and leadership.
This document discusses the importance of ethics in the finance sector. It notes that individuals trust financial firms with their hard-earned savings and want to feel confident that professionals will act with integrity. It then provides an overview of regulators and players in the Indian financial sector before detailing some common ethical violations like insider trading and prioritizing shareholder over stakeholder interests. Finally, it suggests some ways to curb unethical behavior such as improving standards, strengthening laws, and enhancing the role of auditors.
Challenges Of Corporate Social ResponsibilityElijah Ezendu
Issues in development of workable corporate social responsibility strategy and resolution of awe-inspiring stance for championing effective governance.
This document discusses the differences between business ethics and corporate social responsibility (CSR). Business ethics deals with moral principles that guide decision making and behavior within organizations. CSR focuses on a corporation's responsibilities and obligations to external stakeholders in society. While business ethics covers all ethics issues throughout a company's functions, CSR specifically concerns corporate responsibility to the community. The document provides examples of the Tata Group and Ultratech Cement carrying out CSR projects in India like community programs, women's empowerment, education, and environmental conservation.
This document discusses value-based management (VBM) and its implementation. It defines VBM as a management approach that puts shareholder value creation as the core philosophy. VBM is intended to effectively link strategy, measurement, and operations to create shareholder value. The document outlines the generic VBM framework, key value drivers, example metrics like EVA and ROIC, and challenges in implementing VBM like gaining manager buy-in. It provides examples of successful VBM implementations at companies like Coca-Cola and notes that top management support is critical to smooth adoption of VBM.
This document discusses ethical issues in business. It outlines the three C's of business ethics: compliance with rules and laws, contribution to society, and consequences of business activities. Ethical issues can arise from conflicts between personal, organizational, and societal values. Examples of ethical issues include conflicts of interest, honesty and fairness, communications, and organizational relationships. The document provides classifications and examples of different types of ethical issues that can occur in business.
Role of board of directors -Corporate GovernanceRehan Ehsan
This Presentation states the role of board of directors in respect of corporate governance of Pakistan. Reviewing this clear the concept of their legal role in Pakistan.
This document provides an overview of ethics and business ethics. It begins with definitions of ethics, personal ethics, professional ethics, and business ethics. It then discusses the history of ethics and principles of personal and professional ethics. It also covers institutionalizing ethics through codes of conduct, ethical committees, and the significance and need for business ethics. Additional sections define values and ethics, explain how corporations can observe ethics, and discuss ethical decision making and dilemmas in business. The document concludes with a case study example.
This document discusses business ethics and provides definitions, importance, practices, and theories related to business ethics. It defines business ethics as the study of moral rules and regulations governing business situations and decisions. It highlights the importance of business ethics in protecting reputation, ensuring fair practices, and determining obligations. Unethical practices like dishonesty can harm a business through costs like requiring an ethics monitor. Factors influencing business ethics include leadership, personality, policies, and the external environment. Ethical dilemmas may arise when choosing between benefiting people or the business. Common ethics theories explored are utilitarian, rights, justice, and virtue approaches. Globalization requires considering diverse cultural values in business policies.
This document discusses business ethics. It begins by defining ethics as moral principles that govern behavior and distinguish between what is legally right versus morally right. Several principles are outlined like honesty, respect and trust. The document then discusses how ethics apply to businesses and provides examples of unethical practices. It also discusses the benefits of ethical behavior for businesses. Stakeholder issues are examined as well as common challenges that can lead to unethical choices. The case study of Coca-Cola's operations in Kala Dera village is presented, where the company's water extraction damaged water supplies and local agriculture. While Coca-Cola denied wrongdoing, the community organized against the company's operations and lack of response to their concerns.
Corporate Social Responsibility (CSR) Aadhil Ahmed
Corporate social responsibility (CSR, also called corporate conscience, corporate citizenship or responsible business) is a form of corporate self-regulation integrated into a business model.
This document provides an overview of values and ethics in business contexts. It discusses how values influence ethics and defines ethics as moral principles that govern behavior. It then examines ethics in organizations, highlighting key terms. The rest of the document outlines the core values of various companies like ITC, Tata Steel, SAIL, Maruti Udyog, and others. It also discusses concepts like corporate social responsibility and how educating organizations and individuals on ethics is important.
This document provides an overview of ethics and values in business. It discusses how business ethics is an important part of managing organizations and addresses relationships with stakeholders. The document outlines several key areas of business ethics including general business ethics, professional ethics, and ethics in various industries such as manufacturing, education, IT, food, and media/advertising. It also discusses theoretical approaches to ethics and benefits of managing ethics in the workplace.
The document discusses moral values and ethics from business and personal perspectives. It defines business ethics and describes three key branches of ethics - descriptive, normative, and applied. It then discusses the importance of moral values and different types of values such as universal, instrumental, intrinsic, and operative values. The sources of moral values are discussed as religion, science, culture and law. The document emphasizes the importance of personal values for character modeling and significance of values for businesses in guiding principles and performance. It provides examples of some business values.
The document defines key concepts of value, ethics, and business ethics. It discusses how values provide the foundation for understanding personality, perception, and attitudes. Ethics are derived from cultural norms and examine concepts of right and wrong. Business ethics are important for organizations to manage themselves through shared values and core values. The document outlines various ethical theories and how ethics differ from but relate to morals, which are based on individual principles.
Business ethics refers to written and unwritten codes that govern decisions and actions within a company. An organization's culture determines what is considered right and wrong conduct. If businesses focus on long-term stability and growth over short-term goals, their decisions are more likely to be ethical. Managers play a key role in establishing an organization's ethical standards and culture. Upholding strong business ethics is important for public trust, preventing harm, and protecting employees and the company.
- The document discusses trends in rural labor and self-employment in China from 1980 to 2008 based on survey data from 2000 and 2008.
- It finds that while self-employment was common in the 1980s and 1990s, growing wages caused returns from self-employment to decline after 2000 and the number of self-employed fell as more became migrant wage workers.
- Rising wages, falling costs of capital, and growing demand for services are expected to further reduce self-employment in China in the future.
This document provides an overview of the MGX5020: Business ethics in a global environment course for week 1. It introduces the tutor, Nathan Eva, and outlines the assignments which include guided reading activities and a group research paper. It also summarizes the content of the first lecture which covered law, values, ethics in business contexts and involved group activities to discuss ethical concepts.
This document summarizes information about Niagara College in Canada. It offers a two-year hotel and restaurant management program with courses in areas like cost control, physical plant management, and e-commerce in hospitality. The campus is located in a scenic area of Niagara-on-the-Lake between St. Catharines and Niagara Falls, accessible by bus. Amenities on or near campus include a wine store, brewery, fitness center, cafeteria, sit-down restaurant, coffee shop, and residence housing. Graduates are prepared for careers in banquet management, food and beverage management, and other hospitality fields.
Bridging the gaps: Challenges and Opportunities CGIAR
Bridging the gaps between AR and ARD Challenges and Opportunities- presented by Alain Vidal, Senior Advisor, Capacity Development and Partnerships, CGIAR Consortium at the AKIS-ARCH Workshop, Brussels, 26-27 May 2014
CGIAR and Climate-Smart Agriculture
The document discusses the importance of climate-smart agriculture (CSA) in addressing climate change impacts. CSA aims to increase agricultural productivity and incomes, enhance resilience of food systems and reduce greenhouse gas emissions. Significant CSA successes highlighted include China paying farmers to plant trees which sequestered over 700,000 tons of carbon, and coffee-banana agroforestry systems in Africa increasing smallholder incomes by over 50% while providing climate mitigation. The document argues spreading agroforestry across Africa could boost food production, sequester billions of tons of carbon annually, and improve resilience for over 140 million people. Direct agricultural emissions vary widely by region and sector. CSA offers
Water-smart agriculture (WaSA) is an approach that balances water availability, access, and use across different sources in a socially, environmentally, and technically sustainable way. It seeks to maximize returns while protecting environmental flows and ensuring equality. WaSA was developed as water challenges are most sensitive to climate change, and agriculture depends on water cycles. WaSA brings policy and practice coherence to water for agriculture and links water to development. It overlaps with climate-smart agriculture and sustainable intensification but specifically focuses on water-related challenges. The objectives of WaSA in East Africa are maximizing outcomes, ensuring sustainability, and transitioning to prosperity through principles of increasing productivity, value, and sharing of water resources.
RISE is a student volunteer association that promotes environmental awareness and solutions in rural China through projects focused on water, soil, and waste management. Their three major projects are biosand water filters, sustainable agriculture, and solid waste management. RISE aims to share knowledge, empower students, and create environmental awareness. They organize workshops on topics like urban agriculture, composting, and the relationship between the environment, food, and human health. The workshops provide education, demonstrations of adaptable home designs like aquaponics and vertical farming, and aim to integrate new ideas and technologies to engage and train the community.
This document discusses climate-smart agriculture, its implementation globally and in Africa, and opportunities for Africa to lead in this area. It defines climate-smart agriculture as agriculture that sustainably increases productivity and resilience to climate change while reducing greenhouse gases. Examples show climate-smart agriculture being implemented at large scales around the world. For Africa to lead, opportunities exist in providing institutional support like climate information services, coordinating agriculture and forestry, creating innovation platforms, influencing policy with African science, and bringing together policy and science to support farmers.
ANIS2012 workshop_e_agriculture-cross sectoral collaboration for social impactngoinnovation
The document discusses Grameen-Intel's eAgro initiative, which uses an ICT-enabled platform and social entrepreneurship model to improve the livelihoods of smallholder farmers. The initiative addresses farmers' lack of access to inputs, knowledge, financing and markets. It trains local entrepreneurs to collect farm data via software and connect farmers to suppliers, advisors, markets and other services. Early results show increased incomes for farmers and entrepreneurs. The model has potential for replication to benefit farmers, stakeholders and rural communities worldwide.
Business ethics examines how values and beliefs influence business conduct and operations. Ethical businesses typically produce harmless products, minimize environmental impacts, avoid corruption, treat employees well, and contribute positively to society. While businesses often face ethical dilemmas, behaving ethically can provide benefits like more customers, better employee recruitment and motivation, reduced legal costs, and improved public relations. However, ethical behavior may also increase short-term costs as firms implement changes or lose competitive advantages if others follow suit.
This document discusses values and ethics in business. It defines values as a view of life and judgment of what is desirable, which is part of one's personality and group morale. It then lists some core values of organizations. It explains that business ethics studies how personal morals apply to business goals and techniques, and their relationship to human ends. It provides examples of unethical business practices and discusses the importance of values and ethics in business, such as preventing unethical practices and helping reconcile pragmatic demands with ethics. It also notes some ways to inculcate values and ethics in an organization.
This document provides an overview of key concepts in business ethics from several chapters of a business ethics textbook. It discusses how business ethics comprises principles that guide behavior and is determined by stakeholders. It also addresses the importance of social responsibility and its legal, ethical, economic and philanthropic dimensions. Additionally, it outlines various moral philosophies including teleology, deontology, relativism and virtue ethics that can be applied to business situations. It notes factors like ethical issue intensity, individual factors, corporate culture and opportunity that influence ethical behavior in organizations.
This document discusses business ethics and values. It begins by asking whether companies truly apply their ethical values and codes of conduct. It then defines business ethics as the moral principles or guidelines that govern organizational conduct. The document notes that while making money is not wrong, how a business treats individuals and other organizations is important. It argues that good business ethics should be part of every business and discusses factors like a business's responsibility in its relationships with other entities. Overall, the document examines the concept of business ethics and their role and importance in organizations.
Business Communication Business Ethics _-_Copy.pptx.adityamore0002
1. Business ethics refers to the standards and principles that govern business activities, such as doing business with rational thinking and honesty. It requires ethics for business success and modern standards include employee safety, consumer satisfaction, and environmental protection.
2. The document outlines several elements of business ethics, including identifying ethical issues, evaluating rules and regulations, considering societal impacts of decisions, tolerating disagreement, fulfilling ethical obligations, and integrating ethics into business decisions and society.
3. It discusses business ethics as an ancient discipline for guiding human behavior in business through principles, the importance of giving dignity to stakeholders, its focus on human aspects and decisions, studying goals and means morally, its relationship to social responsibility, and how ethics is greater
This document discusses codes of ethics, including what they are, why they are important, and different types. It begins by defining ethics and explaining that a code of ethics is a set of guidelines to help professionals conduct business honestly and with integrity. A code outlines an organization's values and principles and the standards employees are expected to meet. Developing a code ensures employees behave respectfully and the organization's message of universal compliance is clear. The document then discusses three common types of codes: compliance-based, value-based, and codes among professionals. It provides steps to develop a code, including setting priorities, getting employee input, assigning oversight, and seeking expert advice. The purpose of a code is to provide guidance, especially in grey
The document summarizes key aspects of business ethics from a textbook. It discusses what business ethics are, arguments supporting business ethics, types of stakeholders and their expectations, sources of ethics including societal, occupational, individual and organizational ethics. It also outlines steps companies can take to encourage ethics like adopting codes of conduct. McDonald's code of ethics for employees is provided as an example, outlining expectations around respectful treatment, safety, and appropriate use of company resources.
This document discusses key concepts in business ethics including:
1. It provides an overview of business ethics and defines key terms like ethics, moral conduct, and descriptive and normative ethics.
2. It outlines three models of management ethics: immoral management which exploits opportunities for gain, moral management which conforms to high ethical standards, and amoral management which is indifferent to ethics.
3. It discusses approaches to business ethics like the conventional approach based on social views and the principles approach using ethics principles, and addresses the relationship between ethics and law.
This document discusses business ethics, defining it as written and unspoken codes that guide moral decision-making in a company. It explains that ethics promote employee commitment, customer loyalty, and legal compliance while reducing costs. Swami Vivekanand believed ethics require not harming others and treating all with equal respect. Upholding integrity, fairness, dependability, and personal values helps ensure ethical management. Some ethical issues companies face relate to technology use, transparency, and working conditions. Overall, business ethics are important for long-term sustainability and growth by managing risks and maintaining credibility and trust.
This document discusses understanding business ethics. It aims to explain the ethical issues businesses need to consider in operations and implications of operating ethically. Businesses must consider corporate governance, corporate social responsibility, environmental impact, human rights, fair trading, legal compliance, working conditions, and individual ethics. Operating ethically can benefit stakeholders but may also create conflicts of interest between stakeholders and drawbacks for businesses. Assessments may involve written reports or presentations analyzing these issues for a specific company.
This document discusses understanding business ethics. It aims to explain the ethical issues businesses need to consider in operations and implications of operating ethically. Businesses must consider corporate governance, corporate social responsibility, environmental impact, human rights, fair trading, legal compliance, working conditions, and individual ethics. Operating ethically can benefit stakeholders but may also create conflicts of interest between stakeholders and drawbacks for businesses.
Why do Good Managers make Bad Ethical decisions?Shahzad Khan
This document discusses business ethics and the balance between morality and profitability. It provides examples of companies that have successfully balanced these two priorities through strong ethical leadership and cultures. The document outlines factors that can influence managers' ethical decision-making such as personal ethics, organizational culture, and unrealistic performance expectations. It also discusses how companies like Merck and Johnson & Johnson have translated their values into action during crises, prioritizing ethics over profits. In contrast, companies like Texas Instruments and Bristol Myers focused solely on financial goals rather than broader societal responsibilities.
This document discusses business ethics and its importance. It explains that business ethics examines the moral standards and values as they apply to business policies, institutions, and behaviors. Business ethics is important because ethical behavior is the best long-term business strategy and ethics helps ensure fairness for all stakeholders, including employees, customers, suppliers, and the community. The document also notes that as businesses operate globally, managers face complex ethical dilemmas when balancing economic and local interests in different countries.
This document outlines the syllabus for a business ethics course taught by Prof. Indrajeet Kole. The syllabus covers 5 units: 1) an overview of business ethics, 2) ethical dilemmas and decision making, 3) Gandhian philosophy of wealth management, 4) corporate social responsibility, and 5) globalization and business ethics. It also includes sections defining key concepts like ethics, business ethics, the difference between ethics and values, and principles of personal and professional ethics. Lastly, it discusses challenges to business ethics from a changing environment.
This document discusses ethics in international business. It begins by defining business ethics and outlining some common ethical issues that arise in international business, such as differing employment practices, human rights, environmental regulations, corruption, and the obligations of multinational corporations. The document then examines these issues in more depth and provides examples. It also discusses ethical dilemmas, the roots of unethical behavior such as personal ethics, decision-making processes, organizational culture, performance expectations, leadership, and societal culture. Finally, it outlines processes and models for ethical decision-making.
This document provides an overview of business ethics concepts. It defines ethics and discusses principles of both professional and personal ethics. Business ethics is defined as applying general ethical ideas to business behavior based on integrity and fairness while considering both internal and external stakeholders. Several ethical theories are covered, including utilitarianism, Kantian ethics, and virtue ethics. The document also discusses the evolution of business ethics over time and the importance of managing ethics in organizations.
The document discusses the meaning and definitions of business ethics. It provides perspectives on what ethics means to different people and defines ethics as principles that guide right and wrong behavior. The document outlines responsibilities of business to various stakeholders like shareholders, employees, consumers, and community. It argues that good ethics promotes good business by increasing trust, productivity and profit in the long run. Law alone cannot protect society, ethics is also needed.
Business ethics is a branch of social science that deals with moral principles and values in business situations. It helps classify what is good and bad, and tells businesses to do good things and avoid harm. Business ethics provides a framework for conducting business within social, cultural, economic and legal limits. It is based on concepts like self-control, consumer protection, fair treatment, and not exploiting others. While business ethics should be voluntary, education and guidance are needed for its effective implementation.
Business ethics and social responsibilitychimecheng
Business ethics examines the morality of business practices and decisions. While profit is important, businesses also have responsibilities to customers, employees, and society. The profit motive can encourage productivity but also rivalry and a narrow focus on money over other concerns. Overall, business ethics provides a framework for resolving dilemmas between moral and legal obligations in a way that promotes the common good.
The document discusses several factors that influence business ethics, including leadership, corporate culture, and the environment. It notes that leaders set the ethical tone for an organization and should prioritize ethical conduct. Corporate culture and external pressures can also impact ethical practices. Sustainability involves balancing economic, social, and environmental perspectives over the long run. Unethical issues may arise from personal gain, competitive pressures, or cultural contradictions.
INTRODUCTION OF BUSINESS ETHICS (3).pptxakshay353895
This document provides an overview of business ethics and related concepts. It defines ethics, personal ethics, business ethics, and accounting ethics. It discusses the relationship between law and ethics. It also covers ethical decision making, principles of personal ethics, and motivation for being ethical. Normative theories in business ethics like utilitarianism, Kantian ethics, and egoism are introduced. The document also discusses how corporations can institutionalize ethics.
How to solve ethical issues in businessProsta Osman
This document discusses ethical issues in business and business ethics. It begins by defining ethical issues as conflicts between business activities and moral principles that affect individuals. Common ethical issues include discrimination, workplace safety, social media use, and employee privacy. The document then defines business ethics as appropriate policies regarding controversial topics like corporate governance, insider trading, and discrimination. It discusses understanding business ethics through ensuring trust and fair treatment. Finally, it outlines types of business ethics like corporate social responsibility, transparency, fairness, and environmental concern.
Similar to Risk management ethics and values in business josé ignacio gonzález (20)
How to Get CNIC Information System with Paksim Ga.pptxdanishmna97
Pakdata Cf is a groundbreaking system designed to streamline and facilitate access to CNIC information. This innovative platform leverages advanced technology to provide users with efficient and secure access to their CNIC details.
Encryption in Microsoft 365 - ExpertsLive Netherlands 2024Albert Hoitingh
In this session I delve into the encryption technology used in Microsoft 365 and Microsoft Purview. Including the concepts of Customer Key and Double Key Encryption.
In his public lecture, Christian Timmerer provides insights into the fascinating history of video streaming, starting from its humble beginnings before YouTube to the groundbreaking technologies that now dominate platforms like Netflix and ORF ON. Timmerer also presents provocative contributions of his own that have significantly influenced the industry. He concludes by looking at future challenges and invites the audience to join in a discussion.
Generative AI Deep Dive: Advancing from Proof of Concept to ProductionAggregage
Join Maher Hanafi, VP of Engineering at Betterworks, in this new session where he'll share a practical framework to transform Gen AI prototypes into impactful products! He'll delve into the complexities of data collection and management, model selection and optimization, and ensuring security, scalability, and responsible use.
Observability Concepts EVERY Developer Should Know -- DeveloperWeek Europe.pdfPaige Cruz
Monitoring and observability aren’t traditionally found in software curriculums and many of us cobble this knowledge together from whatever vendor or ecosystem we were first introduced to and whatever is a part of your current company’s observability stack.
While the dev and ops silo continues to crumble….many organizations still relegate monitoring & observability as the purview of ops, infra and SRE teams. This is a mistake - achieving a highly observable system requires collaboration up and down the stack.
I, a former op, would like to extend an invitation to all application developers to join the observability party will share these foundational concepts to build on:
UiPath Test Automation using UiPath Test Suite series, part 6DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 6. In this session, we will cover Test Automation with generative AI and Open AI.
UiPath Test Automation with generative AI and Open AI webinar offers an in-depth exploration of leveraging cutting-edge technologies for test automation within the UiPath platform. Attendees will delve into the integration of generative AI, a test automation solution, with Open AI advanced natural language processing capabilities.
Throughout the session, participants will discover how this synergy empowers testers to automate repetitive tasks, enhance testing accuracy, and expedite the software testing life cycle. Topics covered include the seamless integration process, practical use cases, and the benefits of harnessing AI-driven automation for UiPath testing initiatives. By attending this webinar, testers, and automation professionals can gain valuable insights into harnessing the power of AI to optimize their test automation workflows within the UiPath ecosystem, ultimately driving efficiency and quality in software development processes.
What will you get from this session?
1. Insights into integrating generative AI.
2. Understanding how this integration enhances test automation within the UiPath platform
3. Practical demonstrations
4. Exploration of real-world use cases illustrating the benefits of AI-driven test automation for UiPath
Topics covered:
What is generative AI
Test Automation with generative AI and Open AI.
UiPath integration with generative AI
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Unlocking Productivity: Leveraging the Potential of Copilot in Microsoft 365, a presentation by Christoforos Vlachos, Senior Solutions Manager – Modern Workplace, Uni Systems
Securing your Kubernetes cluster_ a step-by-step guide to success !KatiaHIMEUR1
Today, after several years of existence, an extremely active community and an ultra-dynamic ecosystem, Kubernetes has established itself as the de facto standard in container orchestration. Thanks to a wide range of managed services, it has never been so easy to set up a ready-to-use Kubernetes cluster.
However, this ease of use means that the subject of security in Kubernetes is often left for later, or even neglected. This exposes companies to significant risks.
In this talk, I'll show you step-by-step how to secure your Kubernetes cluster for greater peace of mind and reliability.
Sudheer Mechineni, Head of Application Frameworks, Standard Chartered Bank
Discover how Standard Chartered Bank harnessed the power of Neo4j to transform complex data access challenges into a dynamic, scalable graph database solution. This keynote will cover their journey from initial adoption to deploying a fully automated, enterprise-grade causal cluster, highlighting key strategies for modelling organisational changes and ensuring robust disaster recovery. Learn how these innovations have not only enhanced Standard Chartered Bank’s data infrastructure but also positioned them as pioneers in the banking sector’s adoption of graph technology.
A tale of scale & speed: How the US Navy is enabling software delivery from l...sonjaschweigert1
Rapid and secure feature delivery is a goal across every application team and every branch of the DoD. The Navy’s DevSecOps platform, Party Barge, has achieved:
- Reduction in onboarding time from 5 weeks to 1 day
- Improved developer experience and productivity through actionable findings and reduction of false positives
- Maintenance of superior security standards and inherent policy enforcement with Authorization to Operate (ATO)
Development teams can ship efficiently and ensure applications are cyber ready for Navy Authorizing Officials (AOs). In this webinar, Sigma Defense and Anchore will give attendees a look behind the scenes and demo secure pipeline automation and security artifacts that speed up application ATO and time to production.
We will cover:
- How to remove silos in DevSecOps
- How to build efficient development pipeline roles and component templates
- How to deliver security artifacts that matter for ATO’s (SBOMs, vulnerability reports, and policy evidence)
- How to streamline operations with automated policy checks on container images
Removing Uninteresting Bytes in Software FuzzingAftab Hussain
Imagine a world where software fuzzing, the process of mutating bytes in test seeds to uncover hidden and erroneous program behaviors, becomes faster and more effective. A lot depends on the initial seeds, which can significantly dictate the trajectory of a fuzzing campaign, particularly in terms of how long it takes to uncover interesting behaviour in your code. We introduce DIAR, a technique designed to speedup fuzzing campaigns by pinpointing and eliminating those uninteresting bytes in the seeds. Picture this: instead of wasting valuable resources on meaningless mutations in large, bloated seeds, DIAR removes the unnecessary bytes, streamlining the entire process.
In this work, we equipped AFL, a popular fuzzer, with DIAR and examined two critical Linux libraries -- Libxml's xmllint, a tool for parsing xml documents, and Binutil's readelf, an essential debugging and security analysis command-line tool used to display detailed information about ELF (Executable and Linkable Format). Our preliminary results show that AFL+DIAR does not only discover new paths more quickly but also achieves higher coverage overall. This work thus showcases how starting with lean and optimized seeds can lead to faster, more comprehensive fuzzing campaigns -- and DIAR helps you find such seeds.
- These are slides of the talk given at IEEE International Conference on Software Testing Verification and Validation Workshop, ICSTW 2022.
Full-RAG: A modern architecture for hyper-personalizationZilliz
Mike Del Balso, CEO & Co-Founder at Tecton, presents "Full RAG," a novel approach to AI recommendation systems, aiming to push beyond the limitations of traditional models through a deep integration of contextual insights and real-time data, leveraging the Retrieval-Augmented Generation architecture. This talk will outline Full RAG's potential to significantly enhance personalization, address engineering challenges such as data management and model training, and introduce data enrichment with reranking as a key solution. Attendees will gain crucial insights into the importance of hyperpersonalization in AI, the capabilities of Full RAG for advanced personalization, and strategies for managing complex data integrations for deploying cutting-edge AI solutions.
GridMate - End to end testing is a critical piece to ensure quality and avoid...ThomasParaiso2
End to end testing is a critical piece to ensure quality and avoid regressions. In this session, we share our journey building an E2E testing pipeline for GridMate components (LWC and Aura) using Cypress, JSForce, FakerJS…
Alt. GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using ...James Anderson
Effective Application Security in Software Delivery lifecycle using Deployment Firewall and DBOM
The modern software delivery process (or the CI/CD process) includes many tools, distributed teams, open-source code, and cloud platforms. Constant focus on speed to release software to market, along with the traditional slow and manual security checks has caused gaps in continuous security as an important piece in the software supply chain. Today organizations feel more susceptible to external and internal cyber threats due to the vast attack surface in their applications supply chain and the lack of end-to-end governance and risk management.
The software team must secure its software delivery process to avoid vulnerability and security breaches. This needs to be achieved with existing tool chains and without extensive rework of the delivery processes. This talk will present strategies and techniques for providing visibility into the true risk of the existing vulnerabilities, preventing the introduction of security issues in the software, resolving vulnerabilities in production environments quickly, and capturing the deployment bill of materials (DBOM).
Speakers:
Bob Boule
Robert Boule is a technology enthusiast with PASSION for technology and making things work along with a knack for helping others understand how things work. He comes with around 20 years of solution engineering experience in application security, software continuous delivery, and SaaS platforms. He is known for his dynamic presentations in CI/CD and application security integrated in software delivery lifecycle.
Gopinath Rebala
Gopinath Rebala is the CTO of OpsMx, where he has overall responsibility for the machine learning and data processing architectures for Secure Software Delivery. Gopi also has a strong connection with our customers, leading design and architecture for strategic implementations. Gopi is a frequent speaker and well-known leader in continuous delivery and integrating security into software delivery.
DevOps and Testing slides at DASA ConnectKari Kakkonen
My and Rik Marselis slides at 30.5.2024 DASA Connect conference. We discuss about what is testing, then what is agile testing and finally what is Testing in DevOps. Finally we had lovely workshop with the participants trying to find out different ways to think about quality and testing in different parts of the DevOps infinity loop.
Monitoring Java Application Security with JDK Tools and JFR Events
Risk management ethics and values in business josé ignacio gonzález
1. Ethics AND Values
ETHICS and
VALUES IN BUSINESS
in Business
European
Management Assistants
José Ignacio González National Training Day
16 June 2012
2. To start off with a simple question.....
EMRON
PARMALAT
LEMAN BROTHERS
GESCARTERA
All companies have ethical values and codes of conduct. But
Do they apply them correctly
when they do business?
june 2012
2
3.
4. The concept of business ethics
Business ethics are the set of moral principles or guidelines governing
or influencing conduct in organisations doing business.
As the standards which organisations use when interacting with
individuals and in business relationships, the ethics of a particular
organisation can be diverse.
june 2012
4
5. What is business ethics?
Many organisations have already gained a bad reputation just by starting up in business.
For some people, business organisations are only interested in making money. Making
money is not wrong in itself. What really matters is how individuals and organisations
conduct themselves when doing business.
Good business ethics should be part of every business. There are many factors to be taken
into account. When an organisation does business with another individual or
organisation whose conduct is not ethical, is the first organisation also considered to be
acting unethically because of its business relationship with such individual or
organisation? Some people would say yes. The first business has a responsibility and it is
now a link in a chain of unethical businesses.
Many global businesses, including most of the major brands used by the public today, do
not seem to appreciate the need for good business ethics. Many major brands have been
fined millions for breaching business laws on ethics.
Money will always be the deciding factor.
june 2012
5
6. What is business ethics?
If an organisation does not adhere to business ethics and breaks the law, it is usually
fined. Many organisations have broken anti-trust, ethical and environmental laws and
have been fined millions. The problem is that the money that these organisations make is
often much higher than the fines which are imposed on them. Huge profits make
organisations blind to business ethics.
An organisation may be a multi-million seller, but does it use good business ethics and do
people care? There are popular soft drinks and fast food restaurants that have been fined
time and time again for unethical behaviour. Business ethics should eliminate
exploitation at all levels, whether it is employing young children to make sneakers or
paying low salaries to coffee-serving staff. Business ethics can be applied to everything
from the cutting-down of trees to sell paper to the importing of coffee from certain
countries.
In the end, it may be up to the public to make sure that an organisation conducts its
business ethically. If the organisation’s profits are high, it may not wish to pay much
attention to ethical conducts. There are many organisations which pride themselves in
their correct business ethics, but in today’s competitive world, they are few and far
between.
june 2012
6
7. What is business ethics?
Let’s get down to basics.....................
8. Ethics
• To talk about ethics, we have to talk
about philosophy as ethics, also
known as moral philosophy, is a
branch of philosophy that deals
with moral principles.
• The most widely-accepted understanding of the word “ethos” comes
from Aristotle who defined it in the following terms:
temperament, character, habits, manner.
june 2012
8
9. The nature of ethics
• Ethics is a philosophical discipline.
• Ethics deals with the study of morals.
• Ethics is the rules or standards by which we should live.
• Ethics is reflexive in that it studies actions not as they are, but how
they should be.
• Ethics is practical in the sense that it is concerned with human
actions.
june 2012
9
10. How is ethics defined?
• Ethics is defined as:
“A set of principles which guide us in our conception
of life, people, judgements, actions and morals”
• When we talk about ethics in business, ultimately we are talking
about responsibility.
june 2012
10
11. Responsibility and its different meanings
• Liability to pay the cost of something, e.g. Drivers of motor vehicles
are responsible for damages caused by their vehicles.
• Commitment, obligation, duty to do something and assume the
consequences for our actions. e.g. My responsibility as president will
be to lead our country to prosperity.
• Cause of something, e.g. Cigarette smoking is responsible for a high
percentage of deaths from lung cancer.
• Being able to be blamed for something, e.g. He is mentally ill and he
cannot be held responsible for his actions.
june 2012
11
12. Legal responsibility
• Legal responsibility arises when a person fails to carry out a duty of
conduct which, unlike moral principles, is established by a body other
than the person in question (mainly the State through laws) and is
coercive.
june 2012
12
14. Corporate ethics
• Ethics are the fundamental pillar of corporate governance and its
defining factor.
• Ethics are what determine the general public’s perception of
companies.
• For this reason, companies should have a code of ethics, which they
should provide to shareholders, staff, clients, suppliers and the
authorities of their sector.
june 2012
14
15. Ethics and companies. Ethics and directors
• In general, all ethics aim to establish ideal standards of conduct.
• Deontological ethics are concerned with the duties which are
imposed on people according to the various areas or fields of their
lives.
june 2012
15
16. Ethics and competition
• Fair competition with fines for unfair competition.
• Fair competition using legal weapons, i.e. quality and a low price due
to efficiency.
• Advertising based on truths, not on lies or half-truths, and without
denigrating competitors.
june 2012
16
17. Virtues of the businessman
• Businessmen should be hardworking, imaginative, upright.
• Their duties should be based on the truth, firstly the duty to be
truthful and transparent in their dealings and to ensure the quality of
the products and services which they offer.
• Secondly, the duty to be prudent and refrain from using information
which they obtain to the detriment of their competitors.
• Thirdly, the duty to be bold and assume risks which ultimately are
what justify their gains.
• Their actions to obtain their gains should be moderate and restrained
and should not be taken at all cost.
june 2012
17
18. Suppliers, clients and workers:
Climate for values
• The climate should be one where values are governed by regulations
which safeguard the equilibrium and which do not impose more
stringent rules for certain parties than others.
june 2012
18
19. Creating value in companies
• The basis of “value” in companies lies in the way directors run their
businesses.
• Being a “competitive director” is not enough. Directors should
become leaders who know, above all, that they are people and that
they are surrounded by people.
june 2012
19
20. Three values created by companies
1 • financial
2 • psychological
3 • ethical
june 2012
20
21. Professional ethics
• Professional ethics regulate the activities of a profession. Professional
ethics is a discipline of applied ethics as it refers to a specific part of
reality.
june 2012
21
22. Relationship of business ethics and corporate
actions
• In one of Domenec Melé’s studies, he refers to the effect which ethical
actions and morals may have in business relationships.
• According to him, these actions may be of the following types:
Work motivation.
Practical wisdom (prudence).
Corporate culture.
Reputation or good image.
Gaining trust.
june 2012
22
23. Work motivation
• Obviously, work motivation largely depends on the worker’s level of
satisfaction and the employment climate as well as the human values
and qualities of his work colleagues and superiors.
june 2012
23
24. Practical wisdom
• When faced with situations and events that arise, decision-making
requires prudence as well as maturity, initiative and a sense of
responsibility.
• In addition to these qualities, people who provide services need to
have managerial skills.
june 2012
24
25. Corporate culture
• Corporate culture is knowledge, experience and practices or ways of
doing business which are typical in an organisation and are based on
the values and convictions of its members.
june 2012
25
26. Strong culture versus weak culture
• Strong cultures in organisations where key values are highly regarded
and widely shared by their members have a bigger impact on workers
than weak cultures.
june 2012
26
27. • The greater the number of members of an organisation who accept its
core values and the greater their commitment to such values the
stronger its culture is.
june 2012
27
29. How do workers learn about corporate culture?
• Culture is transmitted to workers in a number of ways, the most
frequent of which are:
Stories
Rituals
Material symbols
Language
Let me give you a visual example.
june 2012
29
30.
31. Stories
• Stories of the organisation are usually about key events or people
such as the organisation’s founders, rule-breaking, rags-to-riches
stories, staff reductions and relocations, reactions to past
mistakes, and solutions to problems.
june 2012
31
32. Rituals
• Rituals are repetitive sequences of activities which express and
reinforce an organisation’s key values and its most important
challenges. They help an organisation decide who is essential for the
organisation and who is not.
june 2012
32
33. Material symbols
• Examples of material symbols are the physical layout of an
organisation’s business premises, the clothes worn by workers, the
company vehicles provided to executives, whether the organisation
has its owns aeroplanes. etc.
june 2012
33
34. Language
• Many organisations and their divisions and departments use
language as a means of identifying their members. Merely by using
specific language, members show that they accept the organisation’s
culture which helps to preserve it.
june 2012
34
35. Reputation or good ethical image to attract clients
• A good reputation of loyalty and decency is one of the main assets of
organisations which all workers should promote with the utmost
care.
june 2012
35
36. Gaining trust
• A certain amount of trust is always required for large economic
operations.
• Carrying out operations requires:
A certain length of time for negotiations.
The favourable testimonial of a known third person.
More than just superficial relations.
Ethical actions and professional competition at all times.
june 2012
36
38. PwC’s code of conduct
PwC is one of the biggest international service providers. As professional advisers we help
our clients solve complex business problems and enhance their ability to create value,
manage risk and improve performance. As a result we play a significant role in the
operating of capital markets globally. We take pride in the fact that our services add value
to our clients by helping them to improve transparency, trust and consistency in their
business processes. In order to succeed, we must grow and develop, both as individuals
and as a business. PwC’s core values of excellence, teamwork and leadership help us to
achieve this growth.
While, at PwC, we conduct our business within the framework of applicable professional
standards, laws, regulations and internal policies, we also acknowledge that these
standards, laws, regulations and policies do not govern all types of conduct.
As a result, PwC has established a code of conduct for all its firms and people. This code is
based on our values and enables us to takes them one step further by demonstrating our
values in our actions. The PwC code of conduct may be expanded by PwC firms in line
with the specific requirements of their territories.
june 2012
38