Ethics Governance
Ethics & Governance - Resources and Articles |
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| Article - Abstract. To view full article click on the article title. | |
A Common Sense Approach to Business Can Constitute an Ethical Framework A Common Sense Approach to Business Can Constitute an Ethical Framework By Christos Papoutsy. Take the Ethical Frame Work Test--5 Simple Questions The complex ethical guidelines laid down in the recent Sarbanes-Oxley Act can assist in regulating business ethics. But how can businesses implement these guidelines? How practical are these guidelines for most businesses? How can these regulations be converted to daily business practice? One solution is to adopt the common-sense approach advocated by the author, a former successful CEO, using a combination of four basic business principles and five simple questions to guide ethical decision-making at all levels of business. Four Basic Business Principles Business principles and practices that contribute to the basics of becoming and sustaining an ethical socially responsible business are the following: 1. Institutionalization By sharing control, there is a better chance of transparency, real oversight, and accountability. Full Article: http://www.frugalmarketing.com/dtb/common-sense-approach.shtml |
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2006 Ethics-Governance.com |
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