scholarly peer-reviewed articles about business ethics and their relation to leadership, managerial decision making, corporate social responsibility and overall corporate structure. Increased corporate scandals and the discovery of a rise in unethical business practices have thrown the topic of business ethics into the spotlight. Organizations are expected by their stakeholders to implement strong ethics within their corporate structure and culture. This expectation could be accomplished through strong
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Abstract The first time that phone hacking scandal caught the attention from the general public was in November 2005, when Prince William’s knee injury, which was only known to few cronies, was exposed as news by News of the World. Former NOtW royal editor Clive Goodman was accused of hiring private detective Glenn Mulcaire for phone hacking activities. The major victims were celebrities, politicians, and members of the British Royal family. Later in 2006, both Goodman and Mulcaire were sentenced
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appropriately unless it is deemed necessary. It is obvious that through globalization, that not just one, but each and every country has its own problems with ethics regarding business. It is made quite clear that there is a common scourge in business practices worldwide. It is also very clear that we are victims to the same faults that occur in humanity on a global scale. However, what is quickly becoming equally apparent, for international businesses and corporations to deal successfully with a foreign
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PharmaCare’s Ethics and Social Responsability Gladys T. LEG 500 02/22/2015 PharmaCare is named among the most respectable pharmaceutical companies in the world. It is said to be an honorable and well-run organization that produces high- quality products that have not only saved millions of lives but also improve the quality of lives for millions of others. However, looking into the company mode of operation, we notice some significant discrepancies between its ethics and its
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company that they think, or know for a fact, the company is corrupted and/or unethical. “United States regulators and lawmakers were very concerned that the economy would suffer if investors lost confidence in corporate accounting because of unethical financial reporting. In response, Congress passed the Sarbanes-Oxley Act (SOX, or Sarbox)” (Weygandt, Kimmel, & Kieso, 2012, p. 7). SOX is in place to minimize unethical conduct in corporations and ultimately, scandals. “As a result of SOX, top management
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responsibility to present information fairly, and to distinguish between personal opinions and established theory and research. 1990 APA code (no longer in effect): “[A]s teachers psychologist perform their duties on the basis of careful preparation so that their instruction is accurate, current and scholarly” -4 % admitted bias in teaching is a frequent practice -36% teaching psychologists admitted a teaching course without updating lecture notes -When presenting material for which
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psychology but is also affected by many variables such as the Organisation structure, Work environment, operating procedures etc. However, the phenomenon of misbehaviour can be better understood in terms of motives and opportunity. Employees commit unethical conduct because of one of the motives of - greed, financial benefit, or other individual motivations and these motives flourish in the absence of effective monitoring mechanisms and effective leadership in the work environment. Sunshine Fashions’
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prominent firms, globalization of organizations and the introduction of a strategic approach. In all of this, HR professionals and in some companies, ethics officers have and continue to play a vital role in ethics for human resource management. Research suggests that successful ethics management depends more on employees' perceptions of fairness, ethical leadership at all levels, and the alignment of multiple formal and informal cultural systems to support ethical conduct than it does on formal
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whether physical or mental. On its part, medical practice has made considerable progress towards combating or controlling many of these challenges. It is through research that the nature, symptoms and effects of ailments can be ascertained and remedies discovered. Medical researchers engage in both therapeutic and non-therapeutic research. Therapeutic research is that carried out with the purpose of treating disease. On the other hand, non-therapeutic research is aimed at 76 Adebayo A. Ogungbure furthering
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increased moral hazard, and the overpayment of executives within the firm. Misrepresentation of the financial statements and the misuse of accounting practices was the main reason for the Collapse of Lehman Brothers. It was said that upper management violated the Sarbanes-Oxley Act through the use of questionable and unethical accounting practices, more specifically through the use of Repo 105 transactions. The second part of this paper addresses the underlying causes and issues relative to the study
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