Statistics

Managing People and Organisations

13

3250

A corporate ethics program comprises a code of ethics, education and training of employees for ethics, a reporting and audit system, and an investigation system. In different corporations, the managers emphasize upon different components to different extent. In a vast majority of cases, the corporate ethics programs are designed and control by the senior management in a corporation. According to alpha.fdu.edu (n.d.), 84 per cent of the general counsel, 77 per cent CEOs, and 75 per cent senior human resources executives write the codes of ethics, whereas 58 per cent of the chairmen write the codes of ethics. This speaks of the magnitude of control exercised by the executives on the codes of ethics whereas employees are just required to comply with them as part of their job. A demand of blind faith upon the corporation on the part of the employees clearly reflects from these statistics. Although the conflicts between these roles are not experienced on the daily basis, yet the employees hope to find some clash or even the simplest decisions become too difficult to take in this world where the goals and interests of the corporations and the stakeholders are so diverse and variant, that conflicts are simply inevitable. In spite of the governmental regulations and legal frameworks within which the corporations have to remain and do the business, we cannot rely on corporations to be ethical and responsible. Ethical decision making processes have reportedly been found to be important always throughout the past many years. “The language of ethics and responsibility seems to be here to stay, and is claiming a degree of centrality as the necessary conscience of managerial capitalism” (Parker, 2002, p. 92). One of the fundamental reasons why we cannot expect corporations to be ethical and responsible is that there is no definitive answer to every ethical question. In order to find the right answer to every ethical question, we need to have the right tools. The bad aspect about this bleak situation is that workforce is left to deal with the consequences when ethical requirements are not fulfilled. Employers also get affected in myriad ways like not being able to achieve maximum cooperation of the employees raises much concern for many corporations when it comes to maintaining the productivity level. Employees find themselves unable to cooperate with employers on more levels when many ethical requirements get crushed under the employers’ feet. Now the conditions are much better but such a situation of less cooperation due to lack of ethical consideration particularly developed abruptly when economic recession spread globally. Organizations began to fire even the responsible staff members due to not being able to ensure reasonable salaries to every employee. Lay offs became very common and ethical rights of employees began getting severely violated too. This shows that corporations cannot be always trusted to carry out all their functions ethically and responsibly since nothing can be perfect and certain sacrifices have to be made by the employees within a workplace in favor of demanding employers who rush after meeting certain goals in this age of excessive competitiveness. Nevertheless, lack

Back To Top