Ethics programs are designed to constantly reinforce honesty and integrity as the foundation for all business principles. They promote ethical work behaviour and individual accountability and responsibility, and they protect employees and the company from accusations of wrongdoing. Failure to set and protect high ethical standards can be devastating to a company.
Ethics means a solid commitment to integrity. Integrity, in turn, means a “strict adherence to a moral code.” Because a company’s reputation of honesty and integrity is so crucial, you need to do more than simply follow the law. You need to avoid even the appearance of inappropriate conduct.
Upon successful completion of this course, you should be able to:
State the purpose of an ethics program
List common characteristics of an ethics program
Identify ethical standards for fairness and honesty, accurate record keeping, and complying with antitrust laws
Identify ethical standards for giving and receiving gifts, gratuities, and entertainment with customers and suppliers, government and non-government personnel, and foreign officials
Identify standards for handling conflicts of interest, financial standards—including preservation of assets—restrictive trade practices, intellectual properties, and employee relations
Recognize the responsibility to comply with and report suspected ethical violations, what disciplinary action could result from failure to comply with or report violations, and how to raise ethical concerns and seek additional counsel
Recognize the application of ethics principles through the use of case studies