29 Jun UT Arlington MARK 3324 – Ethics and Corporate Responsibility
Question
Ethics and Corporate
Responsibility
MARK 5328 Did This Start with Enron? Ethics started a long time ago Philosophers like Aristotle, Plato,
Cicero, and Yogi Berra Enron was visible, but also consider
Worldcom/MCI, Adelphia, Bill Clinton "But we must remember that good
laws, if they are not obeyed, do not
constitute good government. Hence
there are two parts of good
government; one is the actual
obedience of citizens to the laws, the
other part is the goodness of the
laws which they obey…" (Aristotle,
Politics 1294a3-6). Why have a Code of Ethics? to define accepted/acceptable behaviors;
to promote high standards of practice;
to provide a benchmark for members to use for
self evaluation;
to establish a framework for professional behavior
and responsibilities;
as a vehicle for occupational identity;
as a mark of occupational maturity;" (from the website of
Life Skills Coaches Association of BC) What Are Ethics? What Are Ethics?
Personal and corporate guideposts Doing the right thing Ethical checklist –
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– Relevant information
Involvement
Consequences
Fairness
Enduring values
Universality
Light-of-day How Do You Know? How How do you know you are ethical? can you demonstrate it to
others? Corporate Ethics Social –
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– responsibility and philanthropy Bill and Melinda Gates foundation
Largest foundation ever
Focuses on education Environmental responsibility – Conserving the world around us
– “Green” efforts Codes Come in All Flavors The company has established a code of conduct,
a set of ethical principles, supported by detailed
standards of business conduct. The ethical
principles of the company
(integrity, respect, teamwork, quality, innovation
and citizenship)
are the foundation for ethical conduct. The
company’s Standards of Business Ethics and
Conduct booklet provides a clear road map for
employees to follow in their daily work. Each
employee is a critical link in the chain of
excellence and acknowledges his or her
responsibility under the code.
(Raytheon) Dell Computer Key elements of their code of ethics – Trust – keep commitments
– Integrity – do the right thing without
compromise
– Honesty – what we say is true and
forthcoming
– Judgment – think before we act and consider
consequences
– Respect – treat people with dignity and value
their contributions
– Courage – speak up for what is right
– Responsibility – accept the consequences Who Is This?
Values
Our company’s foundation is built on our
values, which distinguish us and guide our
actions. We conduct our business in a socially
responsible and ethical manner. We respect
the law, support universal human rights,
protect the environment, and benefit the
communities where we work.
Integrity
We are honest with others and ourselves. We
meet the highest ethical standards in all
business dealings. We do what we say we will
do. We accept responsibility and hold ourselves
accountable for our work and our actions. Diversity
We learn from and respect the cultures in which we
work. We value and demonstrate respect for the
uniqueness of individuals and the varied
perspectives and talents they provide. We have an
inclusive work environment and actively embrace a
diversity of people, ideas, talents and experiences.
Ingenuity
We seek new opportunities and out-of-the-ordinary
solutions. We use our creativity to find unexpected
and practical ways to solve problems. Our
experience, technology, and perseverance enable
us to overcome challenges and deliver value. Trust
We trust, respect and support each other, and
we strive to earn the trust of our colleagues
and partners. Protecting People and the Environment
We place the highest priority on the health and
safety of our workforce and protection of our
assets and the environment. We aim to be admired
for world-class performance through disciplined
application of our Operational Excellence
Management System. Partnership
We have an unwavering commitment to being
a good partner focused on building productive,
collaborative, trusting and beneficial
relationships with governments, other
companies, our customers, our communities
and each other. High Performance
We are committed to excellence in everything we
do, and we strive to continually improve. We are
passionate about achieving results that exceed
expectations — our own and those of others. We
drive for results with energy and a sense of
urgency. Chevron/Texaco Who is This? As a company, and as individuals, we value
integrity, honesty, openness, personal excellence,
constructive self-criticism, continual selfimprovement, and mutual respect. We are
committed to our customers and partners and
have a passion for technology. We take on big
challenges, and pride ourselves on seeing them
through. We hold ourselves accountable to our
customers, shareholders, partners, and
employees by honoring our commitments,
providing results, and striving for the highest
quality. Microsoft Your Personal Code of Ethics Worth 5 extra credit points Due next Monday Must be present today (April 6) and
next Monday (April 13) to play Typed, double spaced, one page max Your own elements that resound
strongly with you Personally signed by you
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