How can our government encourage the ethical behavior of organizations? See if you can find an...
How can our government encourage the ethical behavior of organizations? See if you can find an example of a rule, regulation, law, etc., at the local, state or federal level that encourages or mandates ethical behavior by firms. Can you determine how the Corporate Companion company is impacted by this law? Please cite your sources.
Homework Answers
Our government can encourage the ethical behavior of organizations by having strict regulations and guidelines against unethical practices and by heavily penalizing organizations that violate them. For this purpose, the government can set up regulatory agencies that monitors the actions of the organizations and see to it that they always follow fair practices.
An important regulation that mandates ethical behavior by firms is the Code of Business Conduct and Ethics by the U.S. Securities and Exchange Commission (SEC). This regulation was brought in to promote honesty and ethical conduct while doing business and to discourage unethical behavior at the workplace.
Source: The U.S. Securities and Exchange Commission (SEC) website.
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