FTI Journal offers deep and engaging insights to contextualize the issues that matter. Doing business ethics well means being familiar with results in these disciplines, or at least being aware of gaps in one’s own knowledge. Laws which govern such business behavior and choices deal with legally right and wrong aspects; they do not and cannot deal with morally right or wrong choices, so long as they are not legally wrong.
Compliance departments in the local KBC group entities assist senior management, which bears primary responsibility for implementing these principles and organising and safeguarding the entity’s integrity and reputation. Smith, J. & W. Dubbink, 2011, Understanding the Role of Moral Principles in Business Ethics: A Kantian Perspective”, Business Ethics Quarterly, 21(2): 205-231.
The category of greatest interest to ethics are those actions deemed questionable – where an actor seeks to benefit himself and accepts that there are negative consequences to others. I define business as an organization because it is primarily a group of people who are assembled into an ordered structure.
Paradigmatic and issue-intensive cases will play a major role in the pedagogical method. A famous case study describes how the NestlÃ© Corporation marketed its infant formula in parts of Africa by hiring nurses in local clinics to recommend formula over breast feeding.
The integration of business ethics is centered around the belief that responsibility for one’s actions and respect for the dignity of others are fundamental to success in business. It must also not be offered at a time that could raise general concerns about conflicts of interest, for example during a tender or contract negotiation period.