Ethics



Abstract

This paper reports the findings of an inclusive study on ethics and ethical dilemmas faced by the Canadian companies. The detailed study of the company that have had ethical dilemma can be seen later in this paper. It was found that there are many persistent questions about the issues of ethical dilemma and its value in Canada's Corporations. Later in this paper certain suggestions are given to define one particular Scenario in detail as a CEO of the company as well as the law maker.

Questions that will be later answered in this paper will be:

What does a science of organizations consist of?

What are the potential ethical issues faced by Canadian Companies?

What can be the Most Effective Approaches that can applied in the framework of the organization?

Table of Contents

Introduction1

Discussion6

Study6

Four Proposed Approaches6

An Effective Business Case6

Determining business practices7

Improvement of trainings and education systems7

Development of a Common Language7

1.Introduction of Three companies8

2.Background on the basis of research(As a CEO)10

Bre-X Group of companies10

What could be done? (As a New CEO)12

Cut off the initial Ethical dilemmas that surround the company12

Making Ethics a core value of the corporate12

Exploring the opportunities to make ethical commitment12

Anticipating the ethical tensions13

Debates and Questions13

Conflicts of Interest13

Ethical values14

Oath Taking14

Engagement of the company in the community14

Taking stocks14

3.As a law maker15

Conclusion16

References17

Ethics

Introduction

A universal study of existing research on the subject of ethics and average sized corporate results in improvement of ethical behavior in organizations. As immense amounts of corporate wealth, administration policy and media time are heading for the communal and ethical actions of large corporations, small businesses don't generally pull towards the limelight. This is passionately unfortunate, though, since increasing of 90% of personal businesses are miniature or medium sized. 

What are the potential ethical issues faced by Canadian Companies?

In the year 1995 Clarkson stated that, it is the matter of deliberate importance, when the ethical choice in the organization comes out to be endurance issue. The ethics Programs and its management may become the issue of survivals for the Cooperation.The corporations like Enron and Arthur Andersen could have prevent mishap in their organizations, if they had made ethical decisions. Although these mishaps were examples for the other organizations, that the ethics and its importance is much more accountable than it seems to be. Almost most of the exposed cases were found to be that of United States. But on the same hand Canadian companies are not invulnerable to this public ethical dilemma issues as well. They also experiences situations that resulted in the mishaps like the American Companies. Let's take an example of Bre-X Company, they misleadingly announced to have found World's largest Gold deposit in Indonesia. The second Canadian company that faced the ethical dilemma was the Imperial Bank of Commerce which was found to be supposedly participated in cooking the books at Enron,which was again world's largest scam related to the ethics.. the third Canadian Company that faced ethical dilemma was the Professional Engineers of Ontario.After this they issued the code of ethics in their company regulation which comprises of the clauses that ...