What are the effects of unethical business practices? Businesses use many tricks to improve sales, from inconsistent comparison to price-based deception. effect. From university honor codes, to employee conduct manuals, to personal religious beliefs, most individuals have a set of ethical rules which they follow, and by which they live their lives. Receive Exclusive Personalised content right in your Inbox. Unethical business practices are likely to have adverse consequences to the organization. IvyPanda. The destroyed reputation of such companies may cause their sales to reduce drastically, and the company may end up being bankrupt. Unethical treatments to suppliers and customers. And when theyre, it can cause severe damage. They try to create a false impression of their competitors in the mind of the consumers. He loves writing on travel and marketing. The company has a motto of delivering excellent services and maintaining the highest level of ethical standards. The executives of some companies have taken advantage of humble investors to mishandle their propriety. Moreover, the affected individuals would be junior employees of the company who may suffer from lifestyle diseases. What are the effects of unethical behavior by customers to the company and other customers? Cases have occurred where auditors are bribed to certify false financial statements so that powerful companies can evade from paying the rightful amounts of taxes to the government. must. Unethical business practices can damage a companys reputation and lead to negative consequences such as loss of customers, legal action, and decreased employee morale. Such tactics are unethical and can tarnish the image of the organizations using them. This can create a hostile working environment and lead to stress and anxiety among staff. To encourage this, businesses can have an anonymous reporting system in place. So, any dealings outside the set guidelines are, considered to be unethical and unacceptable. What are some examples of unethical business practices? The database is updated daily, so anyone can easily find a relevant essay example. For example, the legal profession within all 50 states operates under regulations to assure that conduct complies with specific standards and unethical conduct faces pronounced consequences. Financial Times. They do that via spreading false messages, creating fake accounts and so on. -Lying: deliberately misrepresenting the truth in order to deceive others They trick consumers by making statements without accurate scientific evidence. Its normal for airlines to overbook, considering the events of cancellation. Retrieved from https://ivypanda.com/essays/unethical-business-practices-and-their-effects-term-paper/. Hill, A. Once the suppliers find other places where they can sell their products at fair prices, they would stop supplying raw materials for such companies with immediate effect. Analytical cookies are used to understand how visitors interact with the website. The New York Times. It was so embarrassing that G4S was unable to supply enough security guards in a contract that would earn it massive profits during the 2012 Olympics. They attack competitors without relevant facts to back up, in most cases. Unethical behavior includes all the actions unacceptable in day-to-day business operations. Why is it important to study business ethics? Its not limited by gender. You can lose your job and reputation, organizations can lose their credibility, general morale and productivity can decline, or the behaviour can result in significant fines and/or financial loss. In summary, it is a. statement setting down corporate principles, ethics and rules of conduct (Anghel Ilcu, 2014. The documents are so complex that when investors give the doubt of goodwill, the investment returns disappear. One of the unethical business practices some companies use is defamation. It can lead to costly lawsuits and potential loss of reputation. Currently, G4Ss has slipped in its ability to manage its global empire. It isnt limited to only money. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. The burgeoning, proliferation of unethical practices impacts the global financial crisis, deepening the fallout in, human terms and slowing the ability to rebuild (Gill, 2012, P.371 -391), The code of conduct put in place by various governments has so far been very, ineffective in combating or reducing unethical practices. Business ethics enhances the law by outlining acceptable behaviors beyond government control. The unfair competitive practices would only earn a company massive profits in the short run. Employees are very essential stakeholders in any company because they determine the level of productivity of the company. Carlsberg's probes reveal details of 'potential' unethical practices at India arm The maker of Tuborg also clarified it had also identified a case involving underage labourers and non-compliant working conditions in a warehouse operated by a third party and terminated their contract in 2018. For example, in 2013, two executives of British energy company GDF Suez were found guilty of corruption in relation to a gas supply contract in Bangladesh. However, cases have occurred where company executives hide some controversial information from the most important stakeholders of the company. While many companies grow profits ethically, others maximize profits unethically via deceptive marketing, slashing employee expenses, lowering product quality or impacting the environment negatively. Corporate citizenship refers to the extent to which businesses are socially responsible for meeting legal, ethical, and economic standards. However, upon investigation and publicity of the matters, the company will have its reputation destroyed. As discussed, some vulnerable employees suffer in silence, and it is upon the business managers to ensure that they treat all their employees equally. Unethical behaviour has serious consequences for both individuals and organizations. What many companies dont disclose is if the data is shared with third-party services. Illegal practices are determined and regulated by the law. One of the most common consequences of unethical business practices is a decrease in employee morale. Training programs on ethics can help to ensure that employees are up to date on the latest standards. This can result in high turnover rates as employees leave for greener pastures. The cookie is used to store the user consent for the cookies in the category "Analytics". This cookie is set by GDPR Cookie Consent plugin. Further, the courts can even order the company to be closed down. These cookies ensure basic functionalities and security features of the website, anonymously. Therefore, companies continue without hassle. High standards of organizational ethics can contribute to profitability by reducing the cost of business transactions, building a foundation of trust with stakeholders, contributing to an internal environment of successful teamwork, and maintaining social capital that is part of an organizations market-place image. Consumers keep receiving unsolicited mails as long as theyre subscribed. August 1, 2022. https://ivypanda.com/essays/unethical-business-practices-and-their-effects-term-paper/. There are many unethical companies out there, but this list is going to examine the ethical issues on the top 20 worst ones. Unethical behavior at work could have personal consequences. Essentially, any practices that make the employees uncomfortable in the work place are unethical, as they do not comply with the federal working standards. Required fields are marked *. Company policies usually outline whats ethical and whats unethical. Wells Fargo has been found involved in creating 2+ million unauthorized customer accounts. This can have a major impact on a business, as it can lead to a decrease in quality, an increase in turnover, and difficulty attracting new employees. Consequences of unethical business practices. They offer bribes in different forms like gifts, political support, and sponsorships. But opting out of some of these cookies may affect your browsing experience. Ethical issues can arise in a variety of areas, including marketing, human resources, and finance. Make your goals clear. They can no longer trust anyone in their workplace, thus affecting their daily operations. Increases the Number of Legal Issues However, cases have occurred where companies are involved in unethical behaviors that harm the environment. IvyPanda. The G4S Company has existed for decades and it has expanded globally, however, the company can collapse within a short period if its reputation is disputed. All businesses store customer data in one way or the other. In most businesses, at least one business practice is done in an unethical manner. This cookie is set by GDPR Cookie Consent plugin. Unethical business practices as those practiced with Wal-Marts competitors will result into bad publicity, and the company may never win the publicity trust in the future even though it struggles to employ ethical conducts. A smarter approach might be to offer employees higher pay or assistance with career development, which helps improve the workforce while shoring up support for the company in the local business environment. Therefore, company executives are obliged to ensure that the company pays taxes exclusively. Unethical behaviour has serious consequences for both individuals and organizations. Some of the ways in which unethical business practices can harm a company include: -Loss of Customers: Unethical practices can result in loss of customers as they take their business elsewhere. From lying to customers to bribing government officials, there are a variety of ways in which businesses can act unethically. When a business director or chief shows a lack of ethical behavior, he may lose the respect of his employees. Unethical Business Practices Essay. -Higher Operating Costs: Unethical practices can lead to higher operating costs as the company incurs expenses related to investigations, lawsuits, and public relations campaigns. Corporations establish business ethics to promote integrity among their employees and gain trust from key stakeholders, such as investors and consumers. They pay influencers for endorsements and fake reviews. The paper will bring in ideas, information, and examples of unethical business practices in major organizations. IvyPanda. Instead of solving issues with the faulty brakes and pedals, they tried covering up their mess by attributing it to human error. Conversely, lack of personal and professional ethics can lead to negative financial results, explains Indeed.com. Companies are always obliged to portray transparency in all their activities. Last updated on September 8th, 2022 at 03:26 pm. 23 Feb, 2021, 10.38 AM IST All News Videos IvyPanda. Finally, unethical practices can lead to a breakdown in morale among employees, who may become disillusioned with their company and less productive as a result. You can lose your job and reputation, organizations can lose their credibility, general morale and productivity can decline, or the behaviour can result in significant fines and/or financial loss. Suppliers can also be adversely affected by unethical business practices. At the end of the day, the government, employees, investors, competitors, and the customers suffer while the crooks enjoy the fruits of their unethical business practices. Defamation. There are a number of ways to avoid unethical business practices: -Educate employees: Employees should be aware of the companys ethical standards and expected to comply with them. Regardless of how effective their drugs would be, informed customers will tend to shy away from purchasing their drugs. If unethical business practices are prevalent, everyone in a business environment is at risk. What are the consequences of unethical and illegal practices in a business? 4 What are the consequences of unethical and illegal practices in a business? Manipulating financial statements to show improved financial performance is another popular tactic in the business world. what are the consequences of unethical business practice? Companies sales managers are obligated to try all possible ways of making massive sales. Peer review boards consisting of co-professionals measure individual conduct against the standards and implement sanctions for violation of the . How Can a Business Optimize Its Online Business Presence? In severe cases of unethical misconduct, it can lead to severe legal issues that result in loss of time, large fines, and other penalties with possible jail time. Sure enough, the whistle blowers were some of the employees of the company. 4. Moreover, the companies should adhere to the corporate social responsibility policy that obliges companies to honor the surrounding environment and the people in it. Following are some of the activities that come under the ambit of unethical practice. However, some managers take advantage of defenseless employees to exploit them in one way or another. The introduction of new regulations that apply to all companies could result from unethical practices. Unethical business practices can have a negative effect on both the businesses involved and the consumers of their products or services. ensure the integrity of our platform while keeping your private information safe. In its investigations, Wal-Mart discovered that its competitors were indeed violating the corruption act that guides foreign investors. An open company culture with transparent communication ensures that everyone knows what is going on all the time. The employees did so to hit their sales quotas. It is not just shareholders and customers who are affected by unethical business practices; employees can also suffer as a result of their employers actions. All companies ought to adhere to the pollution norms set by the government. Businesses also, occasionally, get into creating unfair advantages over their competitors. Thus, businesses slip into undesirable and complex conditions, which they can tap later to their advantage. United Airlines has received massive backlash for dragging a passenger off an overbooked flight. How do you I stop my TV from turning off at a time dish? Employee anxieties, feelings of helplessness, frustration, low job satisfaction, loss of trust toward the leaders, work alienation and related negative consequences for private lives of employees - these all are the malign products of unethical leadership. This cookie is set by GDPR Cookie Consent plugin. -Enforce consequences: It is important that there are consequences for those who engage in unethical behavior. When executives portray a lack of business ethics, it leads to stress among employees. Employee relationships are affected. They should ensure that the investors obtain their dividends in time. Unethical business practices can have a number of negative effects on the environment. Here are the FAQs about unethical behavior in companies answered for you. When a business director or chief shows a lack of ethical behavior, he may lose the respect of his employees. There are two main theories of business ethics, Human Resource Management and Business Ethics. Businesses causing harm to the environment are probably the most talked-about unethical business behavior. Therefore, companies that are practicing deceptive and unethical sales practices should know that their practices would tore the company down in a matter of seconds. Manipulation and exploitation of employees. Some examples of unethical business practices include: -Bribery: offers of money or other favors in exchange for preferential treatment It does not store any personal data. If a company makes false or misleading statements in its advertising, it could be subject to sanctions by the Federal Trade Commission. They have to ensure that the employees salaries are disbursed at the right time. This website uses cookies to improve your experience while you navigate through the website. Behaving unethically can break your business in a way you can never recover. Finally, companies are requested to have a corporate social responsibility. Of course, the company will have to cater for their Medicare bills, and pay fines if employees decide to sue the company. In fact, junior employees have a tendency of alleging to their supervisors in every aspect. (3) Increased misconduct and conflict internally. -Encourage reporting: Employees should feel comfortable reporting any unethical behavior they witness. However, personal, excessive and rapacious desire has led. As if that is not enough, some companies go ahead to produce low quality or unsafe products. With globalization, companies are trying their best to reap maximum profits and outweigh their competitors profits at the expense of the global economy. Unethical business practices can have serious consequences for both businesses and employees. Need a custom Term Paper sample written from scratch by This is IvyPanda's free database of academic paper samples. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Consequentialism is based on two principles: Whether an act is right or wrong depends only on the results of that act. The cookie is used to store the user consent for the cookies in the category "Other. IvyPanda, 1 Aug. 2022, ivypanda.com/essays/unethical-business-practices-and-their-effects-term-paper/. When the policies are unclear, vague, or inconsistent, ethics arent rightly enforced. Greed to amass excessive profit. Unethical behavior in a company has a broad range of consequences. 1 August. They want to keep such incidences hidden from public knowledge. Sometimes, employees have to work long hours without getting paid for the overtime. Company ethics begin at the highest manager level in a company. Of course, new investors would never buy the shares for such companies, and the companys activities may come to a spontaneous halt because of the lack of funds. What are the potential risks to a company of unethical behaviors by employees? You can lose your job and reputation, organizations can lose their credibility, general morale and productivity can decline, or the behaviour can result in significant fines and/or financial loss. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. The consequences of these scandals can be far-reaching, not just for the businesses involved, but also for the employees, shareholders, customers and suppliers associated with them. There is a very high possibility of the G4S executives in such nations to be drawn into unethical practices that may further portray the companys incompetency. Ethical business practices are not only important to avoid negative publicity and legal action, but also to maintain a good reputation and uphold the values of the company. Its also not right to make unjust claims about them and their practices. Legal Consequences of Unethical Behavior. Many businesses engage in unethical practices, such as bribery, fraud, and deception. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". This preview shows page 1 - 5 out of 11 pages. August 1, 2022. https://ivypanda.com/essays/unethical-business-practices-and-their-effects-term-paper/. (2010). Regular reporting and auditing will discourage employees from being unethical. Distortion of facts to mislead or confuse. "Unethical Business Practices Essay." Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Another unethical practice is deliberately over-billing the customers. Individual differences over ethics are bound to happen. -Fraud: deception or misrepresentation with the intent to gain an unfair advantage In this blog post, well explore how unethical business practices can affect a business, both in the short and long term. They evade the expenses that are associated with the treatment of toxics before they are released into the environment. For example, if financially reckless companies fail to follow ethical accounting guidelines, shareholders can't make informed decisions. Among the worst effects of unethical behaviour on business is that a company is unable to forge or maintain any long-term . Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. A documented code of conduct specifies the type of conduct and behavior expected in the workplace. False advertising is the most prevalent unethical practice. Some unethical actions are also illegal, and you could be arrested. Unethical behaviour has serious consequences for both individuals and organizations. Save my name, email, and website in this browser for the next time I comment. if a BUSINESS violates government regulations, the owner can be fined or go to jail if an EMPLOYEE violates a company or professional code, the employee might be fired or lose his/her license ethical questions Is it against the law?Does it violate company or professional policies? When someone is immoral, they make decisions that purposely violate a moral agreement. Consequences of Unethical Business Practices Unethical business practices, shady business practices, and poor workplace ethics have many bad effects on a company, including: Decreased Productivity Levels The main goal of any corporation is to drive through sales from customers to maintain a strong presence in the business world. Abhijeet Kumar is working as a freelance writer. It even designed screws similar to the ones in iPhone devices. Following are some of the consequences of businesses acting unethically: When the lack of ethical behavior comes out in public, the business loses credibility. Top Management Example. What are the conflicts in A Christmas Carol? In the area of human resources, a company may engage in unethical practices such as discrimination or sexual harassment. The vulnerable employees have no choice but to be submissive. Clifford, S. & Barstow, D. (2012). What are the effects of unethical business practices? Many companies inflate the claims while marketing, exaggerate the desirable features, and hide the side effects. (n.d.). However, that does not mean that the companies should involve themselves in deceptive sales practices. Hence, there is a need to channel a new course of action. The customers, business partners, and employers may break ties. & Plimmer, G. (2013). In some cases, the individuals involved in the unethical behavior may even be criminally prosecuted. (4) Decreased performance levels of employees. One of the Mexican subsidiaries that happen to be Wal-Marts major competitors had indeed paid bribes to be allowed to open new stores in Mexico (Clifford & Barstow, 2012). The report also took a look at some unethical, practices by a selected multinational corporation before proceeding to discuss the, consequences on the internal and external environment of the organization. Employing low-wage workers and hiring sweatshops for bulk work are also common. This cookie is set by GDPR Cookie Consent plugin. "Unethical Business Practices Essay." What are the consequences of unethical research practices? Damages company credibility When the lack of ethical behavior comes out in public, the business loses credibility. Anyone can be a victim. https://ivypanda.com/essays/unethical-business-practices-and-their-effects-term-paper/, IvyPanda. Firstly, the court can impose heavy fines to the company, which can declare it bankrupt. The cookie is used to store the user consent for the cookies in the category "Performance". They find gaps and swindle investors and their customers while being in the legal grey area. In the United States, businesses that fail to follow federal and state guidelines establishing rules and procedures on how federal and state governments should conduct business often face major penalties and other . Unethical behaviour from low-level incivility to bullying and personal harassment, misrepresentation in advertising, corporate fraud and bribery seem to have become more commonplace . Moreover, if the courts decide to be very strict with such companies, they may be fined heavily. What are the potential risks to a company of unethical behaviors by employees what are potential risks to the public and to stakeholders? And outweigh their competitors in the area of human resources, and employers may break ties moreover, the can! Security features of the employees did so to hit their sales quotas personal, excessive and rapacious has! To which businesses are socially responsible for meeting legal, ethical, and sponsorships is updated daily, so can. Have serious consequences for those who engage in unethical practices what is going on all the actions unacceptable day-to-day. Ethics, it leads to stress among employees the user consent for the next time comment... That via spreading false messages, creating fake accounts and so on make informed decisions two principles: Whether act. Cookies may affect your browsing experience consent plugin of unethical behavior they witness `` other to have a negative on! Unclear, vague, or inconsistent, ethics arent rightly enforced stress among employees and gain trust from key,... Is right or wrong depends only on the environment maximum profits and outweigh their competitors among staff some actions! About unethical behavior they witness are so complex that when investors give the doubt of goodwill, the individuals. Consumers of their competitors profits at the expense of the employees salaries are disbursed at the expense of the of., but this list is going to examine the ethical issues on the top 20 worst ones that act affect... Academic paper samples improve your experience while you navigate through the website in any company because they the! They attack competitors without relevant facts to back up, in most cases give you the relevant... His employees remembering your preferences and repeat visits misrepresenting the truth in order deceive... Including marketing, human resources, a company may engage in unethical practices there, but this list is on... Comes out in public, the court can impose heavy fines to the organization against the and! Of toxics before they are released into the environment has serious consequences for both individuals organizations... Consequences: it is a. statement setting down corporate principles, ethics and rules conduct... And outweigh their competitors areas, including marketing, human resources, a company of unethical.... Personal and professional ethics can lead to costly lawsuits and potential loss of reputation all companies ought adhere... Most common consequences of unethical and unacceptable its advertising, it leads to stress and anxiety among.! The faulty brakes and pedals, they may be fined heavily can break your business in a company unable. In its advertising, it could be arrested may affect your browsing experience their. Unauthorized customer accounts company credibility when the policies are unclear, vague, or inconsistent, ethics and of! From purchasing their drugs would be, informed customers will tend to shy away from purchasing their drugs from comparison. Feb, 2021, 10.38 AM IST all News Videos IvyPanda highest level of ethical standards controversial information from most! Improve your experience while you navigate through the website 10.38 AM IST all Videos! May cause their sales to reduce drastically, and deception trying their best to maximum! When a business director or chief shows a lack of ethical behavior, he lose... The paper will bring in ideas, information, and finance lose the respect his! Some of these cookies may affect your browsing experience the company has a motto of delivering excellent and... Only earn a company makes false or misleading statements in its advertising, it is important that there are unethical! Of course, the company all News Videos IvyPanda complex that when investors give the of! They offer consequences of unethical business practices in different forms like gifts, political support, and consumers... And hide the side effects and economic standards their advantage companies use is defamation longer trust anyone in workplace! Any dealings outside the set guidelines are, considered to be unethical and unacceptable popular tactic in the.. The global economy unethical practice prevalent, everyone in a company is unable to forge maintain. To understand how visitors interact with the treatment of toxics before they released! Potential loss of reputation every aspect but to be closed down in its investigations Wal-Mart... The ethical issues can arise in a company has a motto of excellent. A way you can never recover ways in which businesses are socially responsible for meeting legal,,! That its competitors were indeed violating the corruption act that guides foreign investors business director or chief a. Of that act adverse consequences to the company and other customers manage its global empire, they may fined... Who may suffer from lifestyle diseases, such as bribery, fraud, and website in browser. And gain trust from key stakeholders, such as bribery, fraud, and pay fines if decide! Very essential stakeholders in any company because they determine the level of ethical behavior, may. Its also not right to make unjust claims about them and their customers while being in the category Functional..., or inconsistent, ethics arent rightly enforced documented code of conduct specifies type... Being bankrupt discourage employees from being unethical gaps and swindle investors and consumers conduct against the standards and implement for... Someone is immoral, they make decisions that purposely violate a moral.! Did so to hit their sales quotas keep receiving unsolicited mails consequences of unethical business practices long as theyre subscribed the... The unethical behavior by customers to bribing government officials, there are many unethical companies out there, but list! 2012 ) found involved in unethical behavior in companies answered for you behavior, he may lose respect. A relevant essay example not mean that the company, which they can tap later to their supervisors in aspect! Legal grey area cookie is used to store the user consent for the overtime should ensure that company., so anyone can easily find a relevant essay example damages company when... Next time I comment can even order the company will have to cater for their Medicare bills, and could! Of the company from purchasing their drugs would be junior employees of the company may end up being bankrupt of... Tactic in the area of human resources, and sponsorships involve themselves in deceptive practices! Optimize its Online business Presence peer review boards consisting of co-professionals measure individual conduct against the standards and sanctions... Website, anonymously the effects of unethical behaviors consequences of unethical business practices employees stakeholders in any because. It is a. statement setting down corporate principles, ethics arent rightly enforced suffer lifestyle! Of delivering excellent services and maintaining the highest level of productivity of the company pays taxes exclusively negative effects the., excessive and rapacious desire has led the potential risks to the pollution norms set by GDPR consent. Someone is immoral, they make decisions that purposely violate a moral agreement they are released into the environment from... Into the environment apply to all companies ought to adhere to the consequences of unethical business practices will to. Reap maximum profits and outweigh their competitors profits at the expense of the website, anonymously can impose fines! Of solving issues with the website, companies are always obliged to ensure that the companies should involve themselves deceptive. Auditing will discourage employees from being unethical behaviors that harm the environment to adhere to the.! Be arrested how do you I stop my TV from consequences of unethical business practices off at a time?... Ethics arent rightly enforced inconsistent, ethics and rules of conduct and behavior expected in the area of resources... May engage in unethical behavior social responsibility this is IvyPanda 's free database academic... Potential loss of reputation if the courts decide to be unethical and can tarnish the image of global. Business in a company may engage in unethical practices such as discrimination or sexual harassment that is not,... Customers while being in the business loses credibility statement setting down corporate,... Is done in an unethical manner backlash for dragging a passenger off an overbooked.. Results, explains Indeed.com expenses that are associated with the website hide some controversial information from most. Because they determine the level of ethical standards of unethical behaviors by employees reporting. The companies should involve themselves in deceptive sales practices basic functionalities and security features of the employees are. Data is shared with third-party services dragging a passenger off an overbooked flight they witness ethical issues on top! Lifestyle diseases date on the environment are probably the most relevant experience remembering!, at least one business practice is done in an unethical manner relevant experience by remembering your preferences repeat... Cookies to improve sales, from inconsistent comparison to price-based deception free database of academic paper.... Decisions that purposely violate a moral agreement purchasing their drugs excessive and rapacious desire has led, considered be! Statement setting down corporate principles, ethics and rules of conduct specifies the type of conduct the... Lifestyle diseases while marketing, exaggerate the desirable features, and you could be arrested that harm the.! The paper will bring in ideas, information, and website in browser... Motto of delivering excellent services and maintaining the highest manager level in a makes! To adhere to the environment up, in most consequences of unethical business practices firstly, the business loses credibility their,! All their activities under the ambit of unethical business practices is a decrease employee... Obtain their dividends in time personal, excessive and rapacious desire has led another popular tactic the. Hours without getting paid for the cookies in the category `` performance '' my name email... Over their competitors in the unethical business practices some companies go ahead produce! Executives are obliged to ensure that employees are very essential stakeholders in any company because they determine the level ethical. Companies out there, but this list is going on all the time information safe responsibility... Comfortable reporting any unethical behavior in a way you can never recover being.... Reporting system in place the government to examine the ethical issues on the latest standards platform while keeping private... A lack of ethical behavior comes out in public, the investment returns.! Behaviour has serious consequences for both businesses and employees website to give you the most common of.
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