LAW 101 Lecture Notes - Lecture 16: Norman Vincent Peale, Amgen, Business Ethics
Document Summary
Categories of ethical behavior: loyalty avoiding conflicts of interest: An employee who works for a company owes allegiance to that company. Conduct that compromises that loyalty is a conflict of interest: ex: suppose that your sister operates her own catering business. Your company is seeking a caterer for its monthly management meetings. You are responsible for these meetings & could hire your sister to furnish the lunches for the meetings. Your sister would have a substantial contract, & your problems w/ meal logistics would be solved. Quid pro quo: the supplier"s expectation that the gift will bring about a employer, which requires you to make the best decision at the best price. Conflict of interest arises when purchasing agent accepts gifts from return from the agent in the form of a contract. Often the success of a business depends on the info/technology that it holds. an obligation of confidentiality. is lost through disclosure, so are its profits.
