Bernard Ebbers built WorldCom into a global telecommunications giant but used his company stock as collateral for loans and instructed subordinates to falsify financial reports to hide rising expenses, leading to his conviction for securities fraud. This chapter discusses theories of business ethics, sources of ethical values like religion and culture, and how companies can promote ethics through leadership, policies, culture, and compliance programs. It concludes that the most important factor is the ethical example set by corporate leaders.
Chapter 4 – Business Ethics, Corporate Social Responsibility, Corporate Gover...UAF_BA330
Powerpoint from textbook Business Law - the ethical, global, and e-commerce environment to accompany BA 330 course at the University of Alaska Fairbanks.
Presentation by Vincent Tophoff, Senior Technical Manager, IFAC, at the Contribution of the Comptroller General of Chile to Good Governance in the Public Sector, in Santiago,Chile, January 2015.
It covers the topics: corporate social responsibility, models of corporate governance, Board of Directors, Shareholders, Board Committees, Sustainable Development
This presentation provides a quick overview of the the purpose, goals and role of the Board of Directors. Finally, it includes a checklist of what information Directors should receive in order to adequately perform their duties. (Quite surprisingly, this information is not provided, or is poorly organised)
Thanks to all my readers. It gives boost when I get calls from my readers and am always happy to revert back to my followers and readers. I am sorry if I am unable to reply to all the e-mails due to my busy schedule.
Contact me for any type of assignments help(nominal charges).
Thanks and Regards,
Er. Bhavi Bhatia
e-mail: bhavi.bhatia.411@gmail.com
Phone: +91-9779703714, +91-9814614666
Presentation given on "Ethical Standards in Business Organizations" to Sir. Abuzar Wajidy by Syed Ahmed Owais in course "Strategic Management" at Hamdard University City Campus, (HIMS).
References:
Management, 8 th edition, John R.Schermer Horn.
Strategic Management Concepts & Cases, 12 th edition, Fred R David.
Business Ethics by Shaw Test Bank
Business Ethics by Shaw,Exam and Quizzes
Complete Exam and Quizzes Chapter 1 – 11, A++ Graded With Description!!!
Chapter 1
The Nature of Morality
Chapter 2
Normative Theories of Ethics
Chapter 3
Justice and Economic Distribution
Chapter 4
The Nature of Capitalism
Chapter 5
Corporations
Chapter 6
Consumers
Chapter 7
The Environment
Chapter 8
The Workplace (1): Basic Issues
Chapter 4 – Business Ethics, Corporate Social Responsibility, Corporate Gover...UAF_BA330
Powerpoint from textbook Business Law - the ethical, global, and e-commerce environment to accompany BA 330 course at the University of Alaska Fairbanks.
Presentation by Vincent Tophoff, Senior Technical Manager, IFAC, at the Contribution of the Comptroller General of Chile to Good Governance in the Public Sector, in Santiago,Chile, January 2015.
It covers the topics: corporate social responsibility, models of corporate governance, Board of Directors, Shareholders, Board Committees, Sustainable Development
This presentation provides a quick overview of the the purpose, goals and role of the Board of Directors. Finally, it includes a checklist of what information Directors should receive in order to adequately perform their duties. (Quite surprisingly, this information is not provided, or is poorly organised)
Thanks to all my readers. It gives boost when I get calls from my readers and am always happy to revert back to my followers and readers. I am sorry if I am unable to reply to all the e-mails due to my busy schedule.
Contact me for any type of assignments help(nominal charges).
Thanks and Regards,
Er. Bhavi Bhatia
e-mail: bhavi.bhatia.411@gmail.com
Phone: +91-9779703714, +91-9814614666
Presentation given on "Ethical Standards in Business Organizations" to Sir. Abuzar Wajidy by Syed Ahmed Owais in course "Strategic Management" at Hamdard University City Campus, (HIMS).
References:
Management, 8 th edition, John R.Schermer Horn.
Strategic Management Concepts & Cases, 12 th edition, Fred R David.
Business Ethics by Shaw Test Bank
Business Ethics by Shaw,Exam and Quizzes
Complete Exam and Quizzes Chapter 1 – 11, A++ Graded With Description!!!
Chapter 1
The Nature of Morality
Chapter 2
Normative Theories of Ethics
Chapter 3
Justice and Economic Distribution
Chapter 4
The Nature of Capitalism
Chapter 5
Corporations
Chapter 6
Consumers
Chapter 7
The Environment
Chapter 8
The Workplace (1): Basic Issues
Introduction to the concepts of corporate governance. Prepared for students with L2 English studying in the United Arab Emirates. Includes information and student activities.
In what ways stakeholders related to business activities. Give examples of stakeholders
Differentiate between primary and secondary stakeholders in a business situation. Give examples of each by selecting companies known to you.
Illustrate what are the examples around you from your observation or read where companies that act in irresponsible manner towards the society/stakeholders. Give examples
What opportunities and challenges does business encounter with the stakeholders in their day to day relationship?
Professional ethics are principles that govern the behavior of a person or group in a business environment. Like values, professional ethics provide rules on how a person should act towards other people and institutions in such an environment.Ethics or moral philosophy is a branch of philosophy that "involves systematizing, defending, and recommending concepts of right and wrong behavior". The field of ethics, along with aesthetics, concerns matters of value, and thus comprises the branch of philosophy called axiology.
A broad examination of ethics and of individual and definitive good decision-making initiatives in the use of information systems in a global perspective. This course aims to recognize ethical issues raised by existing and rising technologies, apply a sorted-out structure to analyze danger and decision choices, and appreciate the impact of individual ethics and various leveled characteristics on an ethical workplace. Students explore the technological underpinnings of associated technology systems, experiment with individual and group interaction with technologies, and examine the mechanics of ethical and unethical behaviors.
For IAS, PCS, SSC, IBPS, Bank-PO,RBI, and Other One day Exams
MBA and International Economics (According to Syllabus of Different Universities)
Chapter Description:
1.Cultural Values
2.Ethics
3.Relationship between cultural values and Ethics
4.Importance of cultural values and ethics in cross border business
Key Terms:
1.Ethnocentric: Of the idea or belief that one’s own culture is more important than, or superior to, other cultures.
2.Moral relativism: Refers to any of several philosophical positions concerned with the differences in moral judgments among different people and across different cultures.
3.Norms: Rules or laws that govern a group’s or a society’s behaviors.
The most common ethical issues in business involve:
1.employment practices
2.human rights
3.environmental regulations
4.corruption
5.the moral obligation of multinational companies
Smart TV Buyer Insights Survey 2024 by 91mobiles.pdf91mobiles
91mobiles recently conducted a Smart TV Buyer Insights Survey in which we asked over 3,000 respondents about the TV they own, aspects they look at on a new TV, and their TV buying preferences.
GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using Deplo...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.
Neuro-symbolic is not enough, we need neuro-*semantic*Frank van Harmelen
Neuro-symbolic (NeSy) AI is on the rise. However, simply machine learning on just any symbolic structure is not sufficient to really harvest the gains of NeSy. These will only be gained when the symbolic structures have an actual semantics. I give an operational definition of semantics as “predictable inference”.
All of this illustrated with link prediction over knowledge graphs, but the argument is general.
State of ICS and IoT Cyber Threat Landscape Report 2024 previewPrayukth K V
The IoT and OT threat landscape report has been prepared by the Threat Research Team at Sectrio using data from Sectrio, cyber threat intelligence farming facilities spread across over 85 cities around the world. In addition, Sectrio also runs AI-based advanced threat and payload engagement facilities that serve as sinks to attract and engage sophisticated threat actors, and newer malware including new variants and latent threats that are at an earlier stage of development.
The latest edition of the OT/ICS and IoT security Threat Landscape Report 2024 also covers:
State of global ICS asset and network exposure
Sectoral targets and attacks as well as the cost of ransom
Global APT activity, AI usage, actor and tactic profiles, and implications
Rise in volumes of AI-powered cyberattacks
Major cyber events in 2024
Malware and malicious payload trends
Cyberattack types and targets
Vulnerability exploit attempts on CVEs
Attacks on counties – USA
Expansion of bot farms – how, where, and why
In-depth analysis of the cyber threat landscape across North America, South America, Europe, APAC, and the Middle East
Why are attacks on smart factories rising?
Cyber risk predictions
Axis of attacks – Europe
Systemic attacks in the Middle East
Download the full report from here:
https://sectrio.com/resources/ot-threat-landscape-reports/sectrio-releases-ot-ics-and-iot-security-threat-landscape-report-2024/
Kubernetes & AI - Beauty and the Beast !?! @KCD Istanbul 2024Tobias Schneck
As AI technology is pushing into IT I was wondering myself, as an “infrastructure container kubernetes guy”, how get this fancy AI technology get managed from an infrastructure operational view? Is it possible to apply our lovely cloud native principals as well? What benefit’s both technologies could bring to each other?
Let me take this questions and provide you a short journey through existing deployment models and use cases for AI software. On practical examples, we discuss what cloud/on-premise strategy we may need for applying it to our own infrastructure to get it to work from an enterprise perspective. I want to give an overview about infrastructure requirements and technologies, what could be beneficial or limiting your AI use cases in an enterprise environment. An interactive Demo will give you some insides, what approaches I got already working for real.
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.
Builder.ai Founder Sachin Dev Duggal's Strategic Approach to Create an Innova...Ramesh Iyer
In today's fast-changing business world, Companies that adapt and embrace new ideas often need help to keep up with the competition. However, fostering a culture of innovation takes much work. It takes vision, leadership and willingness to take risks in the right proportion. Sachin Dev Duggal, co-founder of Builder.ai, has perfected the art of this balance, creating a company culture where creativity and growth are nurtured at each stage.
Dev Dives: Train smarter, not harder – active learning and UiPath LLMs for do...UiPathCommunity
💥 Speed, accuracy, and scaling – discover the superpowers of GenAI in action with UiPath Document Understanding and Communications Mining™:
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Learn about the latest enhancements to out-of-the-box document processing – with little to no training required
Get an exclusive demo of the new family of UiPath LLMs – GenAI models specialized for processing different types of documents and messages
This is a hands-on session specifically designed for automation developers and AI enthusiasts seeking to enhance their knowledge in leveraging the latest intelligent document processing capabilities offered by UiPath.
Speakers:
👨🏫 Andras Palfi, Senior Product Manager, UiPath
👩🏫 Lenka Dulovicova, Product Program Manager, UiPath
2. Bernard Ebbers
o Bernard Ebbers built WorldCom into a global
telecommunications giant
o Ebbers used use all of his WorldCom stock as
collateral for bank loans
o In 2000 Ebbers gave the first in a string of
instructions to report false revenues and use
accounting tricks to disguise rising expenses
7-2
3. Bernard Ebbers
o Ebbers testified that he had no knowledge of the
fraud, but five of his subordinates testified against
him
o Ebbers was sentenced to 25 years in prison for
securities fraud, unprecedented for a white-collar
crime
7-3
4. What are Business Ethics?
o Ethics: The study of good and evil, right and wrong,
and just and unjust
o Business ethics: The study of good and evil, right
and wrong, and just and unjust actions in business
7-4
5. What are Business Ethics?
o All managers face difficult ethical conflicts
o Applying clear guidelines resolves the majority of
them
o Ethical traditions that apply to business support truth
telling, honesty, protection of life, respect for rights,
fairness, and obedience to law
7-5
6. What are Business Ethics?
o Eliminating unethical behavior may be difficult, but
knowing the rightness or wrongness of actions is easy
o Some ethical decisions are troublesome because
although basic ethical standards apply, conflicts
between them defy resolution
o Some ethical issues are hidden and hard to recognize
7-6
7. Two Theories of Business Ethics
o Theory of amorality: The belief that business should
be conducted without reference to the full range of
ethical standards, restraints, and ideals in society
o Theory of moral unity: Business actions are judged
by the general ethical standards o society, not by a
special set of more permissive standards
7-7
8. Figure 7.1 - Major Sources of Ethical
Values in Business
7-8
9. Religion
o The great religions converge in the belief that a divine
will reveals the nature of right and wrong behavior in
all areas of life, including business
o Christian managers often seek guidance in the Bible
o In Islam the Koran is a source of ethical inspiration
7-9
10. Philosophy
o Even after two millennia, there remains considerable
dispute among ethical thinkers about the nature of
right action
o The great Catholic theologians St. Augustine and St.
Thomas Aquinas both believed that humanity should
follow God’s will
o Correct behavior in business and in all worldly activity
was necessary to achieve salvation and life after death
7-10
11. Philosophy
o Immanuel Kant tried to find universal and objective
ethical rules in logic
o Jeremy Bentham developed the idea of utilitarianism
as a guide to ethics, validating two dominant
ideologies: democracy and industrialism
o John Locke developed and refined doctrines of
human rights and left an ethical legacy supporting
belief in the inalienable rights of human beings
7-11
12. The Realist School of Ethics
o The realists believed that both good and evil were
naturally present in human nature
o Human behavior would inevitably reflect this mixture
o Niccolò Machiavelli argued that important ends
justified expedient means
o Herbert Spencer supported a harsh ethic that justified
vicious competition among companies because it
furthered evolution
7-12
13. The Realist School of Ethics
o Friedrich Nietzsche said that “nice” ethics were
prescriptions of the timid, designed to fetter the
actions of great men whose irresistible power and will
were regarded as dangerous by ordinary mortals
7-13
14. Cultural Experience
o Every culture transmits between generations a set of
traditional values, rules, and standards that define
acceptable behavior
o Civilization is a cumulative cultural experience
consisting of three stages:
o Hunting and gathering stage
o Agricultural stage
o Industrial stage
7-14
15. Ethical Variation in Cultures
o Ethical values differ among nations as historical
experiences have interacted with philosophies and
religions to create diverging cultural values and laws
o Ethical universalism: The theory that because
human nature is everywhere the same, basic ethical
rules are applicable in all cultures
o There is some room for variation in the way these rules
are followed
7-15
16. Ethical Variation in Cultures
o Ethical relativism: The theory that ethical values are
created by cultural experience
o Different cultures may create different values and there
is no universal standard by which to judge which
values are superior
o Because of globalization, corporations struggle with
the question of how to apply conduct codes across
cultures
7-16
17. Law
o Laws codify, or formalize, ethical expectations
o Corporations and their managers face a range of
mechanisms set up to:
o Deter illegal acts
o Punish offenses
o Rehabilitate offenders
7-17
18. Damages
o In civil cases courts may assess damages, or
payments for harm done to others by a corporation
o Compensatory damages: Payments awarded to
redress actual, concrete losses suffered by injured
parties
o Punitive damages: Payments in excess of a wronged
party’s actual losses to deter similar actions and punish
a corporation that has exhibited reprehensible conduct
7-18
19. Criminal Prosecution of Managers and
Corporations
o Managers may be prosecuted for criminal actions
undertaken in the course of their employment
o Corporations are criminally liable for corrupt actions
or omissions of managers if those actions are
intended to benefit the corporation
o Criminal prosecution of corporations and their
executives is exceptionally difficult
7-19
20. Criminal Prosecution of Managers and
Corporations
White-collar crime A nonviolent economic offense of cheating and deception
done in the course employment for personal or corporate
gain
Deferred prosecution An agreement between a prosecutor and a corporation to
agreement delay prosecution while the company takes remedial
actions
Nonprosecution An agreement in which U.S. attorneys decline prosecution
agreement of a corporation that has taken appropriate steps to report
a crime, cooperate, and compensate victims
Monitor A person hired by a corporation to oversee fulfillment of
conditions in an agreement to avoid criminal indictment
7-20
21. Sentencing and Fines
o In 1991 the U.S. Sentencing Commission released
guidelines for sentencing both managers and
corporations
o Managers can go to prison, be fined, put on
probation, given community service, make restitution,
or be banned from working in their occupations
o Corporations cannot be imprisoned, but they can be
fined and their actions restricted
7-21
23. Leadership
o The example of company leaders is perhaps the
strongest influence on integrity
o A common failing is for managers to show by their
actions that ethical duties can be compromised
o If the leader does something, an opportunistic
employee can rationalize his or her entitlement to do
it also
7-23
24. Strategies and Policies
o A critical function of managers is to create strong
competitive strategies that enable the company to
meet financial goals without encouraging ethical
compromise
o Unrealistic performance goals can pressure those who
must make them work
o Reward and compensation systems can expose
employees to ethical compromises
7-24
25. Corporate Culture
o Corporate culture: A set of values, norms, rituals,
formal rules, and physical artifacts that exists in a
company
o Three levels of corporate culture:
o Artifacts
o Espoused values
o Tacit underlying values
7-25
26. Individual Characteristics
o Personality traits may be more important, but are less
studied in the literature of ethics
o The only personality trait extensively studied and
correlated with unethical behavior is
Machiavellianism
o The tendency of an individual to use self-centered,
immoral, manipulative behavior in a group
7-26
27. How Corporations Manage Ethics
o Establish standards and procedures
o Create high-level oversight
o Screen out criminals
o Communicate standards to all employees
o Monitor and set up a hotline
o Enforce standards, discipline violators
o Assess areas of risk, modify the program
7-27
28. How Corporations Manage Ethics
Ethics and compliance program A system of structures, policies, procedures, and
controls used by corporations to promote ethical
behavior and ensure compliance with laws and
regulations
Compliance approach An ethics and compliance program that
emphasizes following rules in laws, regulations,
and policy.
Ethics approach An ethics and compliance program that teaches
employees to make decisions based on ethical
values
7-28
29. Concluding Observations
o Ethics is the study of good and evil
o The most important single factor in good corporate
ethics is the example of leaders, who shape strategies
and cultures
7-29