Ethical motives and ethical motives are a demand in the corporate concern universe. Each twenty-four hours employees are faced with moral and ethical issues ; and because they have their ain single set of ethical motives. they behave otherwise. Many have formed a good apprehension of the rudimentss of moralss. leading. morality and societal duty ; but most do non truly understand the true significance of values. moralss and morality. The roots of moralss in America teach us “Ten Universal Values. ” viz. . honestness. unity. promise-keeping. fidelity. equity. lovingness. regard for others. responsible citizenship. chase of excellence. and answerability. However. recent history Teachs us 12 ethical rules that include two extra values. viz. leading. and repute and ethical motives to the list that I will discourse in this essay. I will besides discourse the differences between ethical and moral issues. In concern. moralss and character count. Therefore. I will besides discourse some organisations that have been destroyed or damaged due to their unethical and immoral behaviour in concern.

Let’s Begin with Merriam Webster’s Dictionary definition of moralss. Harmonizing to this dictionary. moralss is defined as: an country of survey that trades with thoughts about what is good and bad behaviour ; a subdivision of doctrine covering with what is morally right or incorrect ( Merriam-Webster ) . Harmonizing to our text. moralss is defined in two ways. First. it states that moralss are the rules of behavior that governs an single or group. An illustration would be the regulations by which an person lives his or her personal life ( Text pg 8 ) . A great illustration would be when a kid makes the determination to interrupt the regulations of a game. he is making struggle between himself and his playfellows. Then once more. the kid who chooses to play by the regulations finally enjoys friendly relationship and intimacy with his playfellows. which is a benefit to himself. Our text defines moralss from the dictionary as “the survey of morality. ” Ethical motives may cover with morality. but it is non the same as morality ( Text pg­ 8 ) .

Our text states that moralss is a sort of probe [ that ] includes both the activity of investigation every bit good as the consequences of that probe. Whereas. morality is the capable affair that moralss investigates ( Text pg 8 ) . This brings us to the dictionary definition of morality which defines it as: beliefs about what is right behaviour and what is incorrect behaviour. or the grade to which something is right and good ; the moral goodness or badness of something ( Merriam-Webster ) . Two good illustrations are rectifying a fiscal mistake in your favour when you know that it would ne’er be discovered and a colleague stealing nutrient out of the deep-freeze. These are offenses. the moral issue is do you describe them or non? There are guidelines and criterions in which employees are expected to follow if an employee decides to remain employed.

Ethical rules serve as a usher to doing determinations and they besides serve to set up the standards by which your determinations will be judged by others. In the concern universe. it is critical how people judge your character because it is the footing of trust and credibleness. Your repute is what people perceive of your actions. Are they honest and ethical? Whereas your character is defined by your actions and if they are they honest and ethical harmonizing to the following 12 ethical rules:

1. Honesty – Be honest in all communications and actions.
2. Integrity – Maintain personal unity.
3. Promise-keeping – Keep promises and fulfill committednesss.
4. Loyalty – Be loyal within the model of other ethical rules.
5. Fairness – Strive to be just and merely in all traffics.
6. Caring – Demonstrate compassion and a echt concern for the wellbeing of others.
7. Respect for others – Treat everyone with regard.
8. Law Biding – Obey the jurisprudence.
9. Committedness to excellence – Pursue excellence all the clip in all things.
10. Leadership – Exemplify award and moralss.
11. Repute and Morale – Build and protect and construct the company’s good repute and the moral of its employees.
12. Accountability – Be accountable.

Both character and repute should be a concern for successful executives because both can be destroyed by their actions that are perceived to be unethical ( hypertext transfer protocol: //josephsoninstitute. Ethical motives are an built-in erudite portion of the success or failure of a concern. Several big organisations such as Enron and WorldCom have been destroyed and some organisations such as AIG. Fannie Mae. and Freddie Mac have been earnestly damaged due to unethical patterns of their top executives. Most noteworthy is the Ponzi strategy by Bernie Madoff and other executives of Enron Corporation who convinced 1000s of investors to fork over their nest eggs by falsely assuring consistent net incomes in return and falsely inflated the company’s grosss. through their accounting patterns that made them go the 7th largest company in the universe. When the strategy was uncovered. the company fell unraveled and. accordingly. filed for Chapter 11 bankruptcy in December. 2001. Seven old ages subsequently. Madoff was caught and charged with 11 counts of fraud. money laundering. bearing false witness. and larceny after victimizing his investors out of $ 65 billion and went undetected for many old ages. He was sentenced to 150 old ages in prison ( S. Yang 2014 ) .

More locally. my girl antecedently worked for the Finance Department of the Marion Housing Authority and was terminated by Executive Director. Frederick Hunt. for non take parting in practising that ethically and morally incorrect. After a three-year probe. Hunt was arrested and preliminarily charged with two counts of counterfeit. one count of corrupt concern influence and four counts of larceny for misapplying more than $ 20. 000 in Marion Housing Authority financess. Harmonizing to the Grant County Prosecutor. cheques were written to a sub-contractor. Hunt forged the payee’s name and deposited the financess into his ain personal history ; charged over $ 12. 000 on a company recognition card and made several in his hometown of North Carolina ( C. Franks 2014 ) .

Harmonizing to our text edition. traditionally the position of an individual’s duty for corporate Acts of the Apostless have claimed that when an organized group of members ( i. e. corporation ) act together. so their act should be attributed to the corporate group and non the persons of whom the group is made ; and they must be held responsible for the act. Meaning that each and every individual who wittingly and freely cooperates to bring forth a corporate act is morally responsible for that act. The jurisprudence. nevertheless. attributes the Acts of the Apostless of a corporation’s directors to the corporation as a whole and non to the directors as persons. ( Text pg. 62 )

While a bulk of companies choose to do observant determinations. there are still some companies that will seek to “beat the system. ” This is where the Sarbanes-Oxley Act of 2002 comes in. This Act discourages the “crooks” of the corporate universe from being defiant with security misdemeanors due to the Act’s felon and civil punishment commissariats ; and it encourages independent auditing by certified external hearers. This Act requires elevated degrees of corporate revelation in the countries of executive wages. fiscal studies. and insider trading. Although the Sarbanes-Oxley Act is considered a load by some companies. it gives the investment universe a greater degree of assurance in their investing activities by following with its commissariats.

In decision. moralss is the subdivision of doctrine that theoretically. rationally. and logically determines right from incorrect. moral from immoral. and good from bad behaviors and behaviours. Simply put by some as “walking the talk. ” With respect to basic values. ethical motives guide people toward allowable behaviour ; they are judgements. criterions and regulations of good behavior in society. Hopefully. one twenty-four hours all executives and directors will come to recognize the old expression that “honesty is the best policy. ”

Mentions

12 Ethical Principles for Business Executives by Michael Josephson. ( 2010. December 17 ) . Retrieved January 6. 2015. from hypertext transfer protocol: //josephsoninstitute. org/business/blog/2010/12/12-ethical-principles-for-business-executives/ Ethic. ( n. d. ) . Retrieved January 6. 2015. from
hypertext transfer protocol: //www. merriam-webster. com/dictionary/ethic Franks. C. ( 2014. July 14 ) . Former Housing Head Arrested. Chronicle-Tribune. Retrieved January 8. 2015. Morality. ( n. d. ) . Retrieved January 6. 2015. from hypertext transfer protocol: //www. merriam-webster. com/dictionary/morality Understanding moralss and morality in concern – Smart Business Magazine. ( n. d. ) . Retrieved January 6. 2015. from hypertext transfer protocol: //www. sbnonline. com/article/understanding-ethics-and-morality-in-business-there-are-distinct-differences-between-ethics-and-morality/ Velasquez. M. ( 2012 ) . Business moralss Concepts and instances ( 7th Ed. ) . Upper Saddle River. New jersey: Prentice Hall. Yang. S. ( 2014. July 1 ) . 5 Old ages Ago Bernie Madoff Was Sentenced to 150 Old ages In Prison – Here’s How His Scheme Worked. Retrieved January 6. 2015. from hypertext transfer protocol: //www. businessinsider. com/how-bernie-madoffs-ponzi-scheme-worked-2014-7

BA 3200 ESSAYexist.