Business Ethics and Corporate Governance, Second Edition

HOW CORPORATIONS OBSERVE ETHICS TO REDUCE DILEMMAS?

Organizations have started to implement ethical behaviour by publishing in-house codes of ethics that are to be strictly followed by all their associates. They have started to employ people with a reputation for high standards of ethical behaviour in the top levels. They have started to incorporate consideration of ethics into performance reviews. Corporations that want to popularize good ethical conduct have started to reward ethical behaviour. Most of these corporations conduct an ethics audit and at the same time they are continually looking for more ways to be more ethical.