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Business ethics

Business ethics is a form of applied ethics or professional ethics, that examines ethical principles and moral or ethical problems that can arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. These ethics originate from individuals, organizational statements or from the legal system. These norms, values, ethical, and unethical practices are the principles that guide a business. They help those businesses maintain a better connection with their stakeholders. Business ethics refers to contemporary organizational standards, principles, sets of values and norms that govern the actions and behavior of an individual in the business organization. Business ethics have two dimensions, normative business ethics or descriptive business ethics. As a corporate practice and a career specialization, the field is primarily normative. Academics attempting to understand business behavior employ descriptive methods. The range and quantity of business ethical issues reflects the interaction of profit-maximizing behavior with non-economic concerns. Interest in business ethics accelerated dramatically during the 1980s and 1990s, both within major corporations and within academia. For example, most major corporations today promote their commitment to non-economic values under headings such as ethics codes and social responsibility charters. Adam Smith said, "People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices." Governments use laws and regulations to point business behavior in what they perceive to be beneficial directions. Ethics implicitly regulates areas and details of behavior that lie beyond governmental control. The emergence of large corporations with limited relationships and sensitivity to the communities in which they operate accelerated the development of formal ethics regimes. Maintaining an ethical status is the responsibility of the manager of the business. According to the Journal of Business Ethics, "Managing ethical behavior is one of the most pervasive and complex problems facing business organizations today."

Chief ethics officer

The Chief Ethics Officer is a senior ranking individual in an organization. The primary role is to build a strong ethical culture within the organization. In order to perform these responsibilities the chief ethics officer must be given support, independence, and opportunity to influence key decision-making board members. The chief ethics officer normally reports to the chief executive officer, and have some access to the board of directors.

Accounting ethics

Accounting ethics is primarily a field of applied ethics and is part of business ethics and human ethics, the study of moral values and judgments as they apply to accountancy. It is an example of professional ethics. Accounting introduced by Luca Pacioli, and later expanded by government groups, professional organizations, and independent companies. Ethics are taught in accounting courses at higher education institutions as well as by companies training accountants and auditors. Due to the diverse range of accounting services and recent corporate collapses, attention has been drawn to ethical standards accepted within the accounting profession. These collapses have resulted in a widespread disregard for the reputation of the accounting profession. To combat the criticism and prevent fraudulent accounting, various accounting organizations and governments have developed regulations and remedies for improved ethics among the accounting profession.

Blue Coat Systems

Blue Coat Systems was a company that provided hardware, software, and services designed for cybersecurity and network management. In 2016, it was acquired by and folded into Symantec. The company was known as CacheFlow until 2002. The company had "a broad security portfolio including hardware, software and services." The company was best known for web gateway appliances that scan internet traffic for security threats, authenticate users and manage encrypted traffic, as well as products to monitor and filter employee internet activity. It also produced consumer products, such as parental control software. The companys products were initially sold to internet service providers, but later products were intended for large companies.

Business and Professional Ethics Journal

Business and Professional Ethics Journal is a peer-reviewed academic journal that examines ethical issues in business encountered by professionals working in large organizational structures. It provides an outlet for original work that contributes to the development of alternative theories and practices within business and professional ethics, and that examines why global ethical issues, such as poverty alleviation and sustainability, emerge and persist. The journal is published by the Philosophy Documentation Center in cooperation with the Institute for Business and Professional Ethics at DePaul University. Members of the Society for Ethics Across the Curriculum have online access to this journal as a benefit of membership.

Business Ethics Quarterly

Business Ethics Quarterly is a peer-reviewed academic journal that publishes theoretical and empirical research relevant to all aspects of business ethics. It publishes articles and reviews on a broad range of topics, including the internal ethics of business organizations, the role of business organizations in larger social, political, and cultural frameworks, and the ethical quality of market-based societies and market-based relationships. Business Ethics Quarterly is an official journal of the Society for Business Ethics and is published on a non-profit basis by the Cambridge University Press. The editor-in-chief is Denis G. Arnold.

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