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PowerPoint Slides to Accompany The Legal, Ethical, and International Environment 6E, by Bohlman and Dundas Chapter 2 Ethics and Corporate Social Responsibility © 2005 West Legal Studies in Business, a division of Thompson Learning. All Rights Reserved. 1 Theories of Ethical Conduct Ethics, in a normative sense, determines right and wrong Ethical standards based upon universal duties Deontology is the philosophical practice of defining and adhering to the absolute of standards that one can use to measure ethical behavior © 2005 West Legal Studies in Business, a division of Thompson Learning. All Rights Reserved. 2 Theories of Ethical Conduct Business ethics is the application of ethics to business Generally, an action that is legal is also ethical Exceptions Slavery German Concentration camps in WWII Enron © 2005 West Legal Studies in Business, a division of Thompson Learning. All Rights Reserved. 3 Dodge v. Ford Motor Co. Landmark Case Dodge was a minority shareholder, which owned 1/10 of the shares in the Ford Motor Co. It petitioned the directors to declare a dividend The defendant, Ford Motor Co., was ordered by the court to declare a dividend © 2005 West Legal Studies in Business, a division of Thompson Learning. All Rights Reserved. 4 Stakeholders Shareholders Employees Supply chain Government Community © 2005 West Legal Studies in Business, a division of Thompson Learning. All Rights Reserved. 5 Strategy for Ethical Decision Making Facts Stakeholders Values Alternative actions Choose and prioritize Decision and implementation strategy © 2005 West Legal Studies in Business, a division of Thompson Learning. All Rights Reserved. 6 Legal Ethics Involves the moral and professional duties that lawyers owe to one another, clients, and courts Fee arrangements Flat, hourly, or contingency Ethical codes ABA and/or others © 2005 West Legal Studies in Business, a division of Thompson Learning. All Rights Reserved. 7 Cyberlaw Association of Ethical Internet Professionals Promotes ethical standards www.aeip.com © 2005 West Legal Studies in Business, a division of Thompson Learning. All Rights Reserved. 8 International Considerations United Nations Code Regarding MultiNational Corporations Organization for Economic Cooperation and Development (OECD) Code Regarding Multi-National Corporations © 2005 West Legal Studies in Business, a division of Thompson Learning. All Rights Reserved. 9 Legally Speaking When should you blow the whistle? Call an attorney who will contact the appropriate law enforcement official on your behalf Document the illegal activity Document the paperwork Attempt to convince other employees to go with you to law enforcement officials Be prepared for the worst—losing your job Prepare your family for the loss © 2005 West Legal Studies in Business, a division of Thompson Learning. All Rights Reserved. 10 Summary Theories of Ethical Conduct Dodge v. Ford Motor Co. Stakeholders Strategy for Ethical Decision Making Legal Ethics Cyberlaw International Considerations Legally Speaking © 2005 West Legal Studies in Business, a division of Thompson Learning. All Rights Reserved. 11