Should Legally Enforceable Codes of Business Ethics Be Mandatory For Every Business - Annotated Bibliography Example

Student’s Name Instructor’s Name Course Date Should Legally Enforceable Codes of Business Ethics be Mandatory for Every Business? Singh, Jang B. “ Determinants of the Effectiveness of Cooperate Codes of Ethics: An Empirical Study”, Journal of Business Ethnics 101. 3 (2011): 385-395. In this article, Singh reports that the current figures shows that KMPG has confirmed that there is an extension of corporate codes of ethics across the world. According to Singh, corporate code of ethic can be termed as a part of an ethnic program of any given corporation. The article is also outlining the measure that acts as a supplement to corporate codes. An example is ethnic training. Singh argues that the acceptance of the corporate code has been seen by an increase in ethical literacy. According to the research done by the Singh, ethic cooperate codes should be implemented in the business field. He says that, in many circumstances, business requires a code of ethic. That is the key point why there is an increase in code sophistication. The examples below are the reasons outlined in the article to show the importance of ethnic codes. They promote corporate reputation and give the brand a convincing portrait. It gives an image that the corporate has positive to ethic behaviors. The article is supporting the implementation of ethic codes as mandatory in the business field. Shwartz, Mark S. “Developing and Sustaining an Ethical Corporate Culture: The Core Element”, Business Horizon 56. 1(2013): 39-50. This article argues that among all the problems faced by the managers and executives of various organizations, unethical code of activity is very significant in terms of posing negative impacts. Shwartz has gone ahead and give examples of the activities which are considered being unethical. They include robbery, nepotism and money laundry among the many others. In the articles, it is said customers end up falling in the hands of dishonest corporations. Shwartz claims that the only way to eradicate this problem is by making ethic cooperate code a standard requirement for all the business fields. It will prevent unethical behavior giving the boards of directors a good guidance of managing the issues negative effects being faced. The main objective of implementing ethical codes not to stop illegal behaviors but to minimize them by instilling appropriate behavior which will make the corporate meet its goals. According to the article, a strong ethical culture in the corporation cartelizes decrease in unethical behaviors from the employees. In this article, Shwartz is supporting the code of business ethics to be a mandatory in the field. It will help in influencing workers with unethical culture to behave well at work. Callagan, Wood, Svensson, Carasco and Singh, Jang. “ A Comparative Study of the Content of the Corporate Code of Ethics in Australia, Canada and Sweden”, Journal of World Business 40. 10 (2005): 91-109. The article is discussing the relationship between globalization and ethics. Business competition has been enhanced by globalization. In this article, Singh examined the ethical culture of three countries: Canada, Australia and Sweden. As stiff competition is experienced in the market due to competition, unethical conducts are easy to be experienced in the corporate. According to Singh, it implies that the ethical codes programs are being expanded and spread in relation of the increase in the rate of globalization. The article argues that according to research, it is said that an individual’s view and interpretation of ethical codes are influenced by personal factors and organizational factors. Singh has elaborated the importance of the ethics code being witnessed across the globe. Companies, which have adopted, the ethic corporate codes suffer less if caught in the wrong side of the law as opposed to the other organizations with unethical conducts. Another important reason why adoption of ethic culture discussed in the article is that it promotes a sound business which enhances prosperity of the world economy. According to research, ethic culture is the key factor behind the attempts of promoting the world business. The article is useful in that it explains the practice ethic corporate cultures. Through the other market forces, the ethical behavior programs are able to find a way of spreading. Callaghan, Wood and Svennson, Goran. “Codes of Ethics in Corporate Sweden”, Corporate Governance 6. 5 (2006): 547-566. In the article, we are informed that the signs that an organization is beginning to prioritize ethic culture and behavior is by the implementation of a code of corporate ethic. The article is enlightening us on the steps taken to ensure the Sweden private organization have adopted the use of the codes. Questionnaires were given to the managers, and they were to supply their ethic values. The second step involved the examining of the supplies ethic values. According to research and analysis done by Goran, it is observed that all the large companies were involved in the development of the ethics code. The survey done using questionnaires has helped in the development and implementation of the code of conduct. We are informed that the managers took their time to formulate and frame the code. The articles reveal that the board of governors’ who implements the company policies has minimum contribution in the development of the company code. Implementation of the code shows the level of commitment of the organizations. If the workers are flexible to the introduction of the codes, it shows that they are committed to their duties as workers. The articles have shown all steps of creating the code up to the last step which is the implementation it the corporate. It has also shown how the codes can be helpful I various activities being carried out in the business field. Tran, Ben. “Paradigm in Corporate Ethics: The Legality and Values of Corporate Ethics”, Social Responsibility Journal 4.12 (2008): 158-171. According to the article, ethics is not used to describe the moral behavior of a worker. Ben argues that ethic is the science that evaluates human goal and the related factor to the goal. It is the use of human knowledge that possesses the skills of telling the relationship between worker of a corporate and suitability of the instruments availed. It studies the effects of the act on the good of the firms and individuals. With all the description in the article, it is now concluded that ethic code is defined as a tool that is concerned with the judgment of behavior portrayed by the workers. The article gives a clear function of the ethics code in the corporation. It is the best tool that is used to observe the general performance of the organization. This is because it helps in the enhancing the general behavior of the workers. Consequently, the elements of ethical problems in corporates have been discussed and some include moral judgment and moral motivation. It has as well been revealed that a typology that is evidenced in ethical problems in corporates is as well based on judgment and motivation dimensions. Therefore, this article comes in handy at explaining the ambiguity of business ethics and the epidemic nature of unethical corporate behaviors. This is especially between ethicists and practitioners. Reddy Y. R K. “The Ethics of Corporate Governance: An Asian Perspective”, International Journal of Law and Management 51.1 (2009): 17-26 Reddy has used the Asian economy to emphasize in the use of ethic codes. It is through the implementation of the ethic codes in the Asian corporate that the business sector has regained its excellent performance. According to this article, it is appropriate to say that the idea of corporate to adopt in the use of ethic codes should be encouraged. Unlike the use of the normal company policies and rules, the corporate ethic code introduces a conduct which will help to minimize the unethical behavior among the corporate workers. According to the article we can deduce that the implementation of the ethics code should be made a mandatory to all the corporate. It is the only way of giving a standard platform where business practices can be performed with effectiveness. The usefulness of this research article is that is has explained why in Asian economy, there is a paradigm shift towards the perspective of stakeholders. This is especially in regard to efforts by corporates to adhere to corporate code of ethics so as to meet the demands of output and input markets. Besides, it has revealed the dualism of culturally determined ethical practices that co-exists with other international practices. As such, this article adds to my research in that it explains the Asian way of looking at corporate stakeholder-ship and governance and the effect on society at large. Read More