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Question 1

What is business ethics management?

Answer 1

the direct attempt to formally or informally manage ethical issues through specific policies, programs.

Question 2

Typical components of business ethics management?

Answer 2

Mission or values statemanets
Codes of ethics
Reporting / advice channels
Risk analysis and managements
Ethics managers, officers and committees
Ethics consultants
Ethics education and training
Stakeholder consultation and training
Auditing, accounting and reporting

Question 3

What is Code of Ethics

Answer 3

Codes of Ethics are voluntary statements that commit companies or industries to specific values, actions or sets of behavior for their employees.

4 Main types:

1. Organizational / corporate COD
2. Professional COD
3. Industry COD
4. Programme / Group COD

Question 4

Name some Issues found in Code of Ethics might adress

Answer 4

1. Labour Standards
2. Bribery
3. Consumer Protection
4. Environmental Stewardship

Question 5

What makes Codes of ethic effectiv?

Answer 5

How they’re written: Tailored for the specific company

How they’re supported: Should be supported by management (leadership appr.) and backed up by training (corporate culture appr.).

How they’re enforced: Backed by reporting lines, violations communicated and incentives created and communicated.

Question 6

What is ethical leadership concerned with?

Answer 6

All leadership is moral leadership.

There are two approaches:

1. Cultural Change Approach #top-down
   Leaders articulateand personify the valures of company
   Inspire the employees to follow example
2. Cultural Learning perspective
   Role of Leadership is participation and empowerment to foster moral imagination and autonomy. Employees as free moral agents

Question 7

Whats the criticism of ethical codes?

Answer 7

• Clear precriptions means lack of flexibility
• Supresses the individual moral instinct
• Difficult for cross-cultural reasons with global companies or teams
• PR device