Business Ethics Week, held in late fall, involves over 5,500 undergraduate and graduate business students and faculty members as they hear from business and industry experts on topics related to business ethics, corporate social responsibility, the environment and sustainable business. But this question has seemed especially pressing in international contexts, and many of the most famous examples of CSR—including the case of Merck and River Blindness discussed in section 7.1 —take place in the developing world. Perhaps too often, business ethics is portrayed as a matter of resolving conflicts in which one option appears to be the clear choice.
I have a sense that this will hold up under a liberal amount of scrutiny, and will suffice for the evaluation of ethics in most situations. DFSI’s key business principles include achieving value for money in the expenditure of public funds while being fair, ethical and transparent.
They want to contribute to other social causes, they are free to join civic organizations and donate as much of their own money as they please. People invented ethics precisely because it does not always coincide with self interest. This is the case with certified public accounting (CPA) firms, which must adhere to the highest levels of ethics.
Some people will say that it’s impossible to hold a corporation responsible in a moral sense because they don’t have the requisite emotions, they can’t really understand from the inside moral concerns. A large part of business ethics is trying to determine what morality permits in this domain.
It has a tangible impact on our performance and reflects on our character as a business—to our clients, our business partners and the public at large. The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success.