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TRAINING PROGRAM(PFMTP)
Business Ethics and Corporate Governance
Todays outline
An
Ethical issues include the rights and duties between a company and its
employees, suppliers, customers and neighbors, its fiduciary responsibility to
its shareholders
Trustworthiness
Respect
Responsibility
Fairness
Caring
Citizenship
The
If it does not come from the top leadership, it will not permeate through the
rest of the organization; Employees look to their top leaders for the behaviors
they are expected to model.
Ethical business practices are not necessarily the most profitable methods in
the short term, but they are essential for long-term organizational survival;
In
addition to work behavior, ethical principles should guide our personal and professional
lives.
Being
ethical requires looking at universal values and that is the decision matrix people
can use in their business and personal lives,
Honesty
Integrity
Loyalty
Fairness
Law Abiding
Commitment to Excellence
Leadership
Morals are how you treat people you know. Ethics are how you treat
people you dont know.
Your ethics are what makes you a good politician. It is what makes
you a statesman. It is also what makes you a good, humane CEO of
any large company.
Discussion!
Assignment
You have just arrived in Liberia to establish another branch of your business, If the morally
questionable action is a common local practice, would you like to conduct business
without engaging in unethical practices?
Please address issues that are prevailing in Liberia and how it could be
addressed?
Live so that when your children think of fairness, caring, and integrity, they
think of you. H. Jackson Brown, Jr.
With integrity, you have nothing to fear, since you have nothing to hide. With
integrity, you will do the right thing, so you will have no guilt. Zig Ziglar
THE END
THANKS!