BLUF
This article examines whether companies who buy codes of ethics are serious about implementing and living up to those ethics.Summary
This article by Aaron Patrick, writing for the Australian Financial Review, makes the following points about businesses that have adopted codes of ethics:
- Business ethics wasn’t taken seriously until the 1960s, when the business practices of some multinational corporations, such as tobacco companies, were vehemently opposed by social activists.
- By 1990 business ethics was firmly established in academia and influenced large companies and investors.
- Some companies found it much easier to buy their ethical codes rather than develop their own.
References
Recent Runway Posts related to this topic:
- In The Workplace Of The Future, How Important Will Ethics Be? – TheRunway (airforce.gov.au)
- John Heiser—Ethical Leadership – TheRunway (airforce.gov.au)
- Ethical Leadership Guide: Definition, Qualities, Pros & Cons, Examples – TheRunway (airforce.gov.au)
References from the Web :
- DEC 2019 Business Ethics: New challenges, better theories, practical solutions – ASIC
- JUN 2022 How companies can be legal, but unethical – Chicago News
- MAR 2022 Educating moral sensitivity in business: An experimental study to evaluate the effectiveness of a serious moral game – Science Direct
- SEP 2022 These Unethical Business Practices Can Break Your Business – Quick Scream
