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Answer the following questions related to Business Ethics Management. See attached word document for the questions and see the presentation attached.
- What are the major elements that may be included in a strategy to implement Business Ethics Management?
- What are 4 different types of Codes of Conduct?
- What key elements should be included in a Code of Conduct?
- What are ethics hotlines/reporting-lines. Why can these be very important?
- What is the role of leadership in establishing an ethical operation?
- What is the role of ethical “culture” in establishing an ethical operation?
- Are relations with all stakeholders likely to be smooth and cooperative initially?
- What is the main limitation of global codes of conduct?
- Why is enforcement a critical issue with regards to the effectiveness of codes of conduct?
- Why has the use of ethics hotlines increased so rapidly in recent years?
- How can a firm assess the effectiveness of its ethics policies and procedures?
- Why do corporations regard ethics hotlines as an important tool to manage risk?
- What are the key components of a good ethics hotline system?
- Why might employees still resist using an ethics hotline?
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