1.Ethical Responsibility 2.SOCIAL RESPONSIBILITY 3.ENVIRONMENTAL RESPONSIBILITY PLAN:
Meetings ethical behaviour and social performance
ETHICAL RESPONSIBILITY
Personal ethics relates to an individual’s view of what is morally right and wrong.
Business ethics are the moral rules and standards that help people to make decisions in a business.
Reasons for Unethical Business Behaviour
If there is a culture of fear in the business, employees may not report unethical behaviour.
Fear
Staff might feel that they must act unethically to achieve unrealistic targets set by management.
Pressure from management
If employees see senior management behaving in an unethical manner they may follow their example.
Business culture
Businesses may place an emphasis on making profit above everything else.
Greed
Lack of legislation can make it easier for businesses to behave unethically as there may be no consequences for their actions.
Lack of legislation Ways of Encouraging Ethical Business Behaviour
An independent firm completes an ethical audit in the business. It reviews how the business is run from an ethical perspective.
Senior management must set an example for employees to follow, so employees understand that they must act ethically in business situations.
Whistleblowing occurs when a person in the business reports unethical behaviour by co-workers or managers.
During induction, employees should receive information on the firm’s code of ethics.
Rewards can be offered to employees who act in an ethical manner.
Code of Ethics
A code of ethics is a formal written statement that outlines the type of behaviour expected by the business from all employees when dealing with stakeholders
