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Ethics is more than Legality

Ethics is more than Legality. Corporations fall from grace: Enron How to restore trust in corporate leaders? Write new laws? Is a good measure of behavior “Is it legal?” Many immoral & unethical acts are within our laws. Define Ethics. Standards of moral behavior What is accepted as

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Ethics is more than Legality

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  1. Ethics is more than Legality • Corporations fall from grace: Enron • How to restore trust in corporate leaders? • Write new laws? • Is a good measure of behavior “Is it legal?” • Many immoral & unethical acts are within our laws

  2. Define Ethics • Standards of moral behavior • What is accepted as RIGHT vs WRONG • Are there moral absolutes? • Or is ethical behavior situational?

  3. Ethics Begins with Each of Us • How honest are people in general? • Student behavior? • Links between early academic dishonesty and later corporate dishonesty

  4. ETHICAL DILEMMAS • Choosing between equally unsatisfactory alternatives… The choices aren’t always easy! • Ask yourself: • Is it legal? • Am I acting fairly? • How will it make me feel about myself? Decisions that go against our sense of right & wrong make us feel bad!

  5. Ethics in Business • Begins at the TOP! • “Ethics is CAUGHT more than TAUGHT” • What happens when management is indifferent? Sears • Formal Corporate Ethics Codes • Compliance-Based • Integrity-Based

  6. ENFORCEMENT IS THE KEY! • Enron had a written code of ethics! • Should I blow the whistle? • Sarbanes-Oxley Act

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