Business ethics -your way to success assignment

Let’s gear up to meet the challenges of the modern business world, and be committed to achieving success via the road of business ethics. Table of Contents Executive Summary I-v part I Upcoming Management Challenges The Urge for Ethical Leadership Boom in Information Technology Dealing with Conflicts of Interest Business Across the Boundary 3 9 15 21 Part II Abiding by the Law Part Ill Legal Requirements Standards Of Behavior 25 27 Your Way to Success Practicing Business Ethics – Set Up a Code of

Conduct Controlling Your System – Strengthen System of Controls Fostering Ethical Culture – Organize Training and Ethics Programmer Enhancing Self Awareness – Organization Health Checklists 31 47 55 57 part IV Services and Assistance 63 Appendices Appendix 1 Appendix 2 Appendix 3 Extracts from the Prevention Of Bribery Ordinance Gist of the Corruption and Bribery Offences from the Criminal Law of the People’s Republic of China Other Relevant Rules and Regulations 81 67 71 Note from Editor This Information Kit aims to provide general guidance only and does not purport to deal with all possible issues that may arise in any even situation.

Four pressing management challenges faced by all corporate leaders are discussed in this Information Kit. The gist Of each challenge are summarized in the following. You may also refer to the illustrative scenarios for each management challenge in Part l. The Urge for Ethical Leadership Following the spate of corporate failures in some parts of the world, the quest or ethical leaders has become a global concern. Investors are increasingly in search for leaders with high integrity standard on whom they can put their trust and investments.

Apart from the regulations and guidelines issued by the regulators, corporate governance, which embraces ethical principles and practices, serves as a useful reference for leaders to put ethics into practice. However, good governance goes beyond all these but requires your commitment as the top management to perform in the best interests of the shareholders. The values and attitudes held by senior management are important determinants of staffs behavior.

The fundamental rule is therefore to avoid any conflict Of situations as far as possible; or in cases where such conflicts cannot b. Avoided, a declaration should be made to enhance transparency and public confidence. Whenever in doubt, the one involved in a conflict o’ interest should declare the interest to demonstrate his impartiality. Management should be vigilant and give clear guidelines on which kin conflicts need to be declared and set proper procedures on dealing WI declarations.