Ch. 6 - Organizational Ethics
corporate culture
a blend of ideas, customs, traditional practices, company values, and shared meanings that help define normal behavior for everyone at work "the way we do things around here"
ethical climate
an unspoken understanding among employees of what is and is not acceptable behavior based on the expected standards or norms used for ethical decision making sets the ethical tone in a company; egoism, benevolence, priinciple
institutionalizing ethics
process of building ethical safeguards into everyday routines compliance-based or integrity-based
US Foreign Corrupt Practices Act (FCPA)
prohibited US-based companies from paying bribes to foreign gov. officials, political parties, or political candidates full disclosure of company's transactions
ethical policies or codes
provide guidance to managers and employees when they encounter an ethical dilemma insufficient by itself
bribery
questionable or unjust payment often to a govt. official to ensure or facilitate a business transaction
ethics and compliance officer (ECO)
someone in charge of the development and implementation of ethics programs
employee ethics training
teducate employees on what the law requires and the company expect
ethics reporting mechanism
ways for employees to raise issues instead of to their supervisor/senior mgmt provides interpretations of proper ethical behavior, creates avenue to tell proper authorities about unethical conduct, and gives employees and corporate stakeholders a way to discover general info