The term ethics refers to accepted principles of right and wrong that govern the conduct of a person PDF

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Thet er m et hi csr ef er st oaccept edpr i nci pl esofr i ghtandwr ongt hatgov er nt heconduct ofaper son,t hemember sofapr of essi on,ort heact i onsofanor gani z at i on.Busi ness et hi csar et heaccept edpr i nci pl esofr i ghtorwr onggov er ni ngt heconductofbusi ness peopl e.Et hi caldeci si onsar ei naccor dancewi t ht hoseaccept edpr i nci pl eswher eas unet hi caldec i si onsvi ol at eaccept edpr i nci pl es .Unet hi calbehavi or scanpl aguea wor kpl ace,whet heranex ecut i vest eal smoneyf r om t hecompanyoranassoci at e f al si fiesdocument s.Unet hi calbehavi or scandamageacompany' sc r edi bi l i t y ,causi ng t hebusi nesst ol osecus t omer sandul t i mat el yshutdown.Howev er ,busi nessowner s andt hei rmanagementt eamscanwor kwi t hempl oy eest opr ev entunet hi c albehavi or s. BPi saBr i t i shmul t i nat i onaloi landgascompanyheadquar t er edi nLondon,Uni t ed Ki ngdom.Thi scompanywasi nv ol vedi nt hel ar gestoi l spi l l i nUni t edSt at eshi s t or yi n 2010.TheGul fofMexi cooi lspi l lwascausedbydeci si onsmadet ocutcost sands av e t i mewhi c hcont r i but edt ot hedi sast er ,aUSpanelhasconcl uded. Spec i ficr i s kst her epor ti dent i fiesi ncl ude:   

Aflaweddes i gnf ort hecementusedt osealt hebot t om oft hewel l At estoft hatseali dent i fiedpr obl emsbutwas" i ncor r ect l yj udgedas uccess" Thewor k er s' f ai l ur et or ecogni z et hefir sts i gnsoft hei mpendi ngbl owout

BPvi ol at edet hi cal pr act i cesoft hebusi nessbecausei tdi dnothav eadequat econt r ol s i npl acet oensur et hatk eydeci si onsi nt hemont hsl eadi ngupt ot hebl owoutwer esaf e orsoundf r om anengi neer i ngper spect i v e.BPet hi cali s suei nst r at egynotonl y i mpact edi t sempl oy eesbutt heenvi r onmentaswel l .Envi r onment aldegr adat i onoccur s whenacompany’ sact i ondi r ect l yori ndi r ect l yr esul t si npol l ut i onorot herf or msof envi r onment alhar m.Theenvi r onment ,wi l dl i f e,andl ocaleconomi esofal loft hest at es l i ni ngt heGul fofMexi cof el tt heconsequencesofmi l l i onsofbar r el sofoi lbei ng r el easedi nt ot heocean. I fIwer et heCEO oft hecompany ,Iwoul dcor r ectt heet hi calvi ol at i onsbybui l di ngan or gani z at i onalcul t ur et hatpl acesahi ghv al ueonet hi calbehavi or s.Iwoul ds t ar tby cr eat i ngachecksandbal ances ys t em.Rat hert hanput t i ngr el at edr esponsi bi l i t i esi nt he handsofoneempl oy ee,cr eat eas y st em ofchecksandbal ancest omi ni mi z et he oppor t uni t i esf orunet hi calbehavi or .Useaquar t er l yaudi tt ov er i f yest abl i shed pr ocedur esar ebei ngf ol l owedanddev el opnewpol i ci est oaddr essanyuni que si t uat i onst hatar i sedur i ngt hey ear .Iwoul dal socr eat eet hi csofficer st oensur e ev er y onei st r ai nedt obeet hi cal l yawar e,t hatet hi calconsi der at i onsent ert hebusi ness dec i si onmaki ngpr ocess ,andt hatempl oy eesadher et ot hecompany’ scodeofet hi cs....