It is a statement of values and behaviors that are expected and those which will not be tolerated by the organization. The organization creates an environment that supports ethically sound behavior and stresses shared accountability among employees. Emphasizes preventing unlawful behavior by increasing control and penalizing wrong doers. Whistleblowers must feel safe. Ethics Training should be part of management develop programs.
Trainees discuss scenarios of ethical problems, and alternate ways of dealing with the problem.
The obligation of organizations to make decisions and take actions that will enhance the welfare and interest of society as well as the organization. The corporation must act as a good citizen, taking into consideration its stakeholders.