Why to Adapt Ethical and Legal Values

      Program Effectiveness:

      

       Better Ethical Behavior can lead to a consistent and an improved ethical program. Considering moral standards in all parts of a group involvement will lead you to discovering the best and community focused system .

 

 

 

 

 

      Standing In the Community:

 

       An organization that has a reputation for moral activity is much more likely to be respected  by both members and the community than one that has been known to be unfair previously.

 

 

 

 

 

 

      Moral credibility and Leadership:

 

       A person has a moral obligation towards himself, the people with whom he or she works and the community etc. to act in a proper manner.. If people around you  know that you fulfil these obligations then your voice will have greater  impact when you speak out for what you believe is right .

 

 

 

 

 

     Professional and legal Issues:

 

      Certain standards have to be followed by professionals. Doctors, Lawyers and Mental Health professionals can be sued for malpractice. Medical professionals such as psychiatrists, psychotherapists can be sued if they have any sexual relations with their clients. Organizations may find themselves in legal trouble if they misuse people’s money.

 

 

ETHICAL AND LEGAL BEHAVIOUR GO HAND IN HAND

 

 

 

Reference :

http://ctb.ku.edu/en/table-of-contents/analyze/choose-and-adapt-community-interventions/ethical-issues/main

 

 

Ethical Issues in Business

A situation that requires a person or an organization to choose between alternatives that must be valued as right or wrong.

I personally believe that every company should have a company’s guideline  that should explains how all employees should act if an ethical issue were to arise.

Essential Ethical Issues and how to deal with them:

In the complex global business environment, companies of every size face many ethical issues , businesses have to act responsibly.  

Fundamental ethical issues include:
 

• Trust and integrity,
• Lying to supervisors
• Falsifying records
• Alcohol and drug abuse
• Stealing or theft
• Violation of company policy

But more complex issues include diversity, decision-making, compliance and governance

Diversity:

 There are many different cultures and people of every culture should be treated with respect, an ethical response begins with employing a diverse workforce and equal opportunity should be given to every person irrespective of his or her culture.

Decision-Making: 

Decisions are generally made on the basis of facts obtained by identifying a problem but ethical decision made are fair and focuses on protecting employee and customer rights

Compliance and Governance: 

There are various rules and regulations to govern a business and every company is bound to follow all such rules such as environmental laws, federal rules and regulations, fiscal and monetary statutes, employee protection etc. 










with respect to governance every director, officers, persons responsible for running the business should carry on the business with Fair Business Principles and Policies.

Reference:

http://smallbusiness.chron.com/list-ethical-issues-business-55223.html

Corporate Social Responsibility In Business

 

 

 

Corporate social responsibility refers to efforts by businesses to work with shareholders in achieving better economic, environmental and social performance.

 

 

Factors responsible for implementing Corporate Social Responsibility in Business:

 

 

 

 

Community and Society :

The organization should play an active role towards the society

Environment :

The organization should take into notice that its working or operations does not causes a negative effect on the environment.

Supplier Relation :

 The Purchases made by an organization should not affect the social and moral values

Corporate Governance :

 Long Term  Social , Environmental and Economic impacts should be considered by an organization while making decisions

Employee Relation :

Employees are treated fairly within the organization

Human Rights :

The organization respects and follows every human right

 

 

 

 

Why CSR ?

 

A commitment to corporate social responsibility is a way to deal with a lack of trust in business , when there is trust then businesses may reduce risk relating to projects , involvement of shareholders in daily affairs , lawsuits  and social issues.

 If a company is committed to Corporate Social Responsibility then the Reputation of the company or Brand Value also enhances.

It will also reduce the chances of increased governmental regulation.

I would like to conclude that the corporate world has some of the brightest minds in the world and tremendous financial resources, so business should adopt social responsibility.

Example:

Wal-Mart has annual revenues that exceed the annual GNP of some countries. Thus businesses should utilize their resources to "make the world a better place."

“TOGETHER WE CAN AND WE WILL DO IT”

 

 

 

 

 

 

 

 

 

 

IBM Study: Corporate Social Responsibility

 

 

Reference:

http://www.international.gc.ca/trade-agreements-accords-commerciaux/topics-domaines/other-autre/csr-rse.aspx?lang=eng

Adapting to legal and ethical responsibilities in business

Legal and ethical responsibilities are two such responsibilities which prevent the business from various mishappenings. If we are trying to convey our words we must be very careful in choosing the correct set of words.

·        As per Ethics truth is always the best option for any situation so that there is no regret to a person in future.

·      Organizations in their planning process set various guidelines in order to conduct the business , this is done by establishing a “code of conduct”.

·     The “code of conduct” specifies that businesses must improve the lives of their shareholder , employees etc. by sharing with them the wealth created.

All companies and its employees have to follow the law 

An employee working in an organization can pass on the confidential information of the company to a rival company, but legally it’s not allowed if he or she gets caught they will get fired.

EXAMPLE:
 
A bollywood movie came in 2010 named GUZAARISH in which the male lead is a quadriplegic patient from the past many years means paralyzed from neck down, he files an appeal to the court for euthanasia means mercy killing, his family supports him as they cannot see his suffering and pain but people around him don’t have the same opinion. 

For such kind of rights one has to adapt Ethical responsibilities towards the society as to see what is right an what is wrong.


Reference:

http://www.cmc-canada.ca/CMC_Designation/CodeofConduct.cfm

 

 

Business Ethics and Legal Values:

BUSINESS ETHICS:

Business Ethics is a set of undefined rules on the basis of which an organization sets the difference between whether or not a decision is right or wrong.

Business ethics examines moral and ethical problem in business. It is applicable to all the individuals working within an organization.

The law alone cannot figure out what is right or wrong since a lawful act need not always be a moral act.

 Factors Influencing Business Ethics:

·        personal nature and attitude of individuals

·        employer and employee relationship

·        employees are more concerned for their  personal profit rather than the general welfare of the business

·        misuse of position by senior executives in an organization

 

LEGAL VALUES:

Legal values in business mean that the organization understands and complies with all the requirements of a regulatory body, relevant laws or any contractual obligation. 
              

An organization must follow all the rules formed by the Companies Amendment Act, 2006 and other legal statues:

·        Minimum numbers of directors must be present throughout the   board meeting


·        Appointment of any director or member and  removal of any director or member  as per the rules governed


·        Various taxes such as income tax , VAT (value added tax) on goods and services must be paid on a timely basis


·        The personal information stored of any employee is accurate , relevant , secured and not available to any third person


Reference:

http://philpapers.org/rec/SOLEAE