By Tracy MacDonald
Apr 2018

Ethics are defined as a set of values and principles that guide a person in decision making as well as in their daily activities. An organizational code of ethics refers to the principles and values that govern the actions, decisions, policies, and programs. Ideally, organizations and corporations are continually viewed as moral agents tasked with the responsibility of proving proper conduct to the company’s stakeholders (“Good Governance Program”, 2004). In effect, it is imperative that businesses operate under specific laws and regulations to ensure that the employees of the company are guided on how to react and manage ethical issues, as well as understand the formal restraints in the company’s structure. On the other hand, it is also necessary that the managers of the company can determine the goals they seek to meet when they design an organizational ethics programs. Among the key attributes of such a program is that it should be action-oriented, specific, timely and relevant (“Good Governance Program”, 2004). Ideally, a good program is one that can achieve the desired organizational outcomes, as well as blend well with the needs of the organization. Therefore, the aim of this essay is to establish the importance of ethical programs in organizations.

It is imperative that each business is guided by a unique ethical character. Establishment of an ethical character emanates from the development of an effective, ethical program which seeks to foster appropriate risk management, compliance, promote the development of value-adding activities, as well as ensure better company reputation (“Good Governance Program”, 2004). Ideally, it is the core of business ethics goals to make sure that all these objectives as stated are achieved in the company. Further, an organization with an effective, ethical program relays that the company is a responsible business enterprise, with the capability to meet its responsibilities in the community it operates. Therefore, through the development of an effective, ethical program, a company can relay its social responsibility capacity, which in turn influences the general business outlook in the society. This is reflected in the company’s core values, core purpose, and possible future goals. Continue reading…

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