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2000s
Ethical Climate
Unprecedented economic growth is followed by financial failures. Ethics
issues destroy some high profile firms. Personal data is collected and sold
openly. Hackers and data thieves plague businesses and government
agencies. Acts of terror and aggression occur internationally.
Major Ethical Dilemmas
Cyber crime
Privacy issues (data mining)
Financial mismanagement
International corruption
Loss of privacy – employees vs. employers
Intellectual property theft
The role of business in promoting sustainable development
Business Ethics Developments
Business regulations mandate stronger ethical safeguards (Federal Sentencing
Guidelines for Organizations; Sarbanes-Oxley Act of 2002)
Anticorruption efforts grow
Stronger emphasis on Corporate Social Responsibility and Integrity Management
OECD Convention on Bribery (1997-2000)
UN Convention Against Corruption (2003); UN Global Compact adopts
10th principle against corruption (2004)
Revised Federal Sentencing Guidelines for Organizations (2004)
Increased emphasis on evaluating ethics program effectiveness
Source: “Business Ethics Timeline,” Ethics Toolkit, Ethics Resource Center (ERC)
(Toolkit is free from ERC)
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