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How can global firms develop and enforce ethical guidelines and standards?

Accounting Jan 16, 2021

How can global firms develop and enforce ethical guidelines and standards?

Expert Solution

Global Business Ethics:-

To address questions about morality the field of ethics is a branch of philosophy. It is about justice and virtue, good and bad, right and wrong.

1. The type of behavior you expect is that delinea of post clear guidelines.

2. For unethical behaviour the outline potential punishment is restored for the last to use.

3. System that promotes ethical behavior is enact and reward.

4. The privacy is ensured for the people who file complaints and whistleblowers.

5. To warrant such measures of your business is large enough then create a ethics panel.

6. For a multiperson panel if your business iss too small then create the position for ethics compliance officer.

7. To make the workers know there are consequences for unethical behaviour punishment is necessary.

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