Highlights
- Four root causes of unethical business behavior
- Eight steps to create an ethical business environment
1. Establish a code of conduct and make it public
2. Hire and promote people with a well-grounded sense of personal ethics
3. Interpret your code for ordinary circumstances
4. Communicate expectations for employees to act in an ethical manner
5. Lead by example
6. Teach employees the basic tools of ethical decision making
7. Back your code with enforcement
8. Factor values into every important organizational activity and decision
- The financial manager’s responsibility to lead and implement good ethics in his/her organization