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Copyright © Houghton Mifflin Company4-1 O.C. Ferrell University of New Mexico John Fraedrich University of Wyoming Linda Ferrell University of New Mexico Business Ethics Ethical Decision Making and Cases, Seventh Edition For in-class note taking, choose Handouts or Notes Pages from the print options, with three slides per page.
Copyright © Houghton Mifflin Company4-2 Chapter 4 The Institutionalization of Business Ethics
Copyright © Houghton Mifflin Company4-3 Institutionalization in Business Ethics Relates to established laws, customs, and expected organizational programs that are considered normative in establishing reputation Institutions provide the requirements and societal expectations to reward and sanction ethical decision making
Copyright © Houghton Mifflin Company4-4 Boundaries and Core Practices Boundaries –Voluntary –Mandated Core practices –Helps ensure compliance with legal requirements and industry regulation
Copyright © Houghton Mifflin Company4-5 Laws and Regulatory Issues Established by the government to set minimum standards for acceptable behavior Laws are passed because society does not always trust business to act in its best interest
Copyright © Houghton Mifflin Company4-6 Types of Laws Civil Criminal The difference between the two is enforcement.
Copyright © Houghton Mifflin Company4-7 Business Ethics Disputes Generally resolved through lawsuits Most laws affecting business fall into one of five categories: –Laws regulating competition –Laws protecting consumers –Laws promoting equity and safety –Laws protecting the environment –Laws that encourage ethical conduct
Copyright © Houghton Mifflin Company4-8 Laws Protecting Consumers Require business to provide accurate information about products and services and to follow safety standards FTC’s Bureau of Consumer Protection
Copyright © Houghton Mifflin Company4-9 Laws Promoting Equity and Safety Laws promoting equity in the workplace protect the rights of minorities, women, older persons, and persons with disabilities Affirmative action programs
Copyright © Houghton Mifflin Company4-10 Laws Protecting the Environment Environmental Protection Agency (EPA) Many environmental laws have resulted in the elimination or modification of goods and services
Copyright © Houghton Mifflin Company4-11 The Sarbanes-Oxley Act Establishes a system of federal oversight of corporate accounting practices Requires top managers to certify that their firms’ financial reports are complete and accurate, making CEOs and CFOs accountable Provides protection for “whistle- blowing” employees
Copyright © Houghton Mifflin Company4-12 Benefits of Sarbanes-Oxley Greater accountability of top managers Renewed investor confidence Greater protection of retirement plans Greater penalties for senior managers
Copyright © Houghton Mifflin Company4-13 Cost of Compliance Estimated at $1 million per $1 billion in revenues Especially compliance with Section 404
Copyright © Houghton Mifflin Company4-14 Philanthropic Issues Involves business’s contribution to the local community and society Quality of life issues Philanthropic issues Strategic philanthropy
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall Ch Chapter 10 Business Ethics/ Social Responsibility/ Environmental Sustainability.
Copyright © 2007 by The McGraw-Hill Companies, Inc. All rights reserved. Slide 4-1 ETHICS AND SOCIAL RESPONSIBILITY IN MARKETING C HAPTER.
© 2015 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license.
© 2013 Cengage Learning. All Rights Reserved. 1 Part Two: Ethical Issues and the Institutionalization of Business Ethics Chapter 4: The Institutionalization.
The Institutionalization of Business Ethics
Chapter 29 Ethics in Accounting
1-1 BA Business Environment Week 3 Legal, Regulatory, and Political Issues.
Business Ethics Ethical Decision Making and Cases, Seventh Edition
Copyright © Houghton Mifflin Company10-1 O.C. Ferrell University of New Mexico John Fraedrich University of Wyoming Linda Ferrell University of New Mexico.
Copyright © Houghton Mifflin Company8-1 O.C. Ferrell University of New Mexico John Fraedrich University of Wyoming Linda Ferrell University of New Mexico.
Copyright © Houghton Mifflin Company7-1 O.C. Ferrell University of New Mexico John Fraedrich University of Wyoming Linda Ferrell University of New Mexico.
Chapter 10 Business Ethics and Organizational Performance.
Business in a Changing World McGraw-Hill/Irwin Copyright © 2009 by the McGraw-Hill Companies, Inc. All rights reserved. Chapter 2 Business Ethics and.
Community Relations and Strategic Philanthropy
CRISTINA SOLIS APRIL 21, 2014 Ethics and Corporate Social Responsibility.
Part 1 Business in a Changing World © 2015 McGraw-Hill Education.
Chapter 6 legal and ethical issues Section 6.1 Government and Laws
Section 4.2 Social Responsibility: The duty to do what is best for the good of society. Producing goods and services that are beneficial to society and.
ISO Richard Welford CSR Asia © CSR Asia 2011.
Section 12-2-Regulatory Agencies and Laws. These agencies make or enforce rules and regulations Agencies provide oversight or supervision of activities.
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