INTB 1209 Chapter Notes - Chapter 5: Kantian Ethics, Cultural Relativism, Foreign Corrupt Practices Act
22 Mar 2016
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Ethics refers to accepted principles of right or wrong that govern the conduct of a person, the members of a profession or the actions of an organization (cid:1) Business ethics are the accepted principles of right or wrong governing the conduct of businesspeople (cid:1) Ethical strategy is a strategy or course of action that does not violate the accepted principle of ethics (cid:1) (cid:1) Employment practices: establishing minimal acceptable standards that safeguard the basic rights and dignity of employees, auditing foreign subsidiaries is a good way to guard against ethical abuse. Human rights: foreign investment in oppressive nations can raise living standards and help the public change the political policies. Corruption: foreign corrupt practices act (1977 lockheed case) outlawed u. s firms from paying bribes to foreign government officials to gain business. Allows for facilitating payments which speed the movement of a deal or production: convention on combating bribery of foreign public.
