We talk about Ethics and Ethical practices in Corporate but some of the fundamental questions which are relevant to understand its meaning and scope are as follows:Why ethics is not morality?
Why ethics is not just code of conduct?
Why ethics is not just corporate governance?
Some of the basic facts and figures about ethics which helps to learn its scope are:
- Ethics need to involve others
- Ethics is teamwork (It is all about how you handle stakeholders)
- Ethics begins at home
- Ethics is all about raising the bar constanty
The very fact that the 70% of frauds in Corporate are brought to notice by the stakeholders and 30% through Internal Audit is quite encouraging to have well defined ethical standards and guidelines for all Organizations
When we talk about business ethics the following steps are being talked about:
- Agreement on norms
- Which in turn define policies
- Which would further help the Organization to attain the desired goals
Three principles for defining good ethical policies in the Organization are:
- To standardize the same
- To make them workable and practical
- Have commitment of the Top Management
Contrubuted By:
Mr.Ranjan Sarkar
(Associate Vice President-HR)
Acclaris Limited
1 comment:
Excellent points by Ranjan Sarkar!! Corporate Ethics should be treated as the basic hygiene of an organization and this feeling has to start from the top. To live up to its reputation, as organization can never compromise on ethics. Ethical organizations are not only the most trusted and respected, they will finally emerge as winners. In the present world, where geographical barriers have been conquered and where partnership is fostered under the remote working environment, ultimately the most trusted and ethical will win.
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