Business ethics Essay Example | Topics and Well Written Essays - 750 words - 2

Business ethics - Essay Example Most of the organizations have defined formal corporate ethics because most of the decisions of organizations are influenced by ethical issues. The employees feel very comfortable when a predefined corporate ethical is present in the organization because they get a clear understanding of what is right and what is wrong. The compliance of employees to corporate ethics is usually ensured by organizations by setting a formal corporate ethics program. Organizations have developed different programs and procedures to enhance the compliance to corporate ethics. For example, at TEPCO, there is a Corporate Ethics Committee consisting of top management, which work closely with ethical lines and establish corporate ethics carefully.1 The diagram (Appendix I) shows that once the corporate ethical conduct is formulated at top management level of TEPCO, it is promoted through incorporating the norms into culture and by revising the regulations and manuals. Moreover, through formal training programs and continuous monitoring, the compliance to corporate ethics is ensured. In this way, formal regulations and cultural norms strengthen the values, thereby, ensuring corporate ethical norms at TEPCO. There are some ethical guidelines, which are defined to develop corporate ethics programs. The ethical guidelines are the guidelines that are established to oversee what is suitable within the quest of specific objectives such as guidelines published by BPS (ITS, 2009). The ethical guidelines of companies usually differ and tend to be more specific. For example, American Mathematical Society has defined few ethical guidelines, which can be categorized into four sections including ethical guidelines related to mathematical research and its presentation, social responsibility of mathematicians, education and granting of degrees and ethical