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Lions Clubs International Code of Ethics
In its simplest sense, the field of business ethics represents the meeting point between ethics and business, where business decisions and their implementation are evaluated in terms of the “right” (moral) and “wrong” (immoral). However, ethical decision-making is far from being simple, as is involves much greater complexity and debate (Trevino & Brown, 2004) than other ethical fields, even complicated ones such as bioethics. The main reason for this confusion is not only the themes of business ethics, but the difficulty to recognize the relevance of ethics to the business decision in question. For example, corporate governance standards are closely related to ethics, but the weight of the latter in the spectrum of this field (which also involves financial, legal and other issues) is not always clear, especially when ethical standards collide with other customs.
Some organizations “do business”—in the sense ofexchange a good or service for valuable consideration—with thegoal of seeking profit, and some do not. Merck and Wal-Mart areexamples of the first type organization; Princeton University and theMetropolitan Museum of Art are examples of the second. Businessethicists sometimes concern themselves with the activities ofnon-profit organizations, but more commonly focus on for-profitorganizations. Indeed, most people probably understand businesses asfor-profit organizations.
These ethics come into all decisions made by businesses.
Many writers find this result troubling. Even if the governancestructure in most firms is in some sense agreed to, they say that itis unjust in other ways. Anderson (2015) characterizes standardcorporate governance regimes as oppressive and unaccountable privatedictatorships. To address this injustice, these writers call forvarious forms of worker participation in managerial decision-making,including the ability by workers to reject arbitrary directives bymanagers (Hsieh 2005), worker co-determination of firms’policies and practices (Brenkert 1992a; McCall 2001; McMahon 1994),and exclusive control of productive enterprises by workers (Dahl1985).
Evaluation and analysis includes problem solving and behavior in assessing organizational ethics along with decision-making processes. In this paper, you are evaluating the company’s code of ethics.
Foreword: This research paper discusses theories in business ethics.
Moral behavior in the face of immoral environment: a significant test for the firm’s ethical behavior is the nature of business transactions when the environment does not enforce high standards, thus enables ethically questionable (and maybe more profitable) conduct. Examples may include environmental issues (e.g. CO emissions), human rights (e.g. child labor), safety in the workplace, discrimination and sexual harassment.
As the theoretical and practical efforts in the field of business ethics surround virtually all aspects of business conduct, there is also a great variety within this science. Some of the main issues that occupy business ethics scholars are:
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