contemporary Business Law

Law
Tutor: None Selected Time limit: 1 Day

What are some examples of ethical decision making that occur in your past or present job or industry? What are some of the challenges to business ethics faced in today's business environment? Provide examples.

Feb 2nd, 2015

Examples of ethical decision making that occur in banking industry?

Going Green

Many banks have opted to play a part in helping the environment by making the decision to go green. Office recycling is common in businesses, so employees can help reduce environmental waste by recycling office paper, cans, bottles and other materials.

Corporate Social Responsibility

Some banks make the decision to actively better social conditions by improving local economic conditions, offering opportunities to low-income people or serving people in need.


Challenges to business ethics faced in today's business environment

Employment

Developing a recruitment and selection process that screens candidates who seem likely to embrace the company's ethics can be a challenge. Through reviewing applications, resumes and work history, and interviewing candidates, recruiters can determine whether candidates are qualified for certain jobs based on their functional skills and core competencies.

Compliance

Many companies mistakenly consider ethics and compliance intertwined. They are not. Combining ethics with compliance removes checks and balances, making objectivity of any kind virtually impossible. Ethics refers to the manner in which you do business and whether your company, its management and staff conduct business in a manner that conforms to certain business standards and principles.

Feb 2nd, 2015

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Feb 2nd, 2015
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