BUSINESS LAW MidState Technical ollege商法中国家技术学院.pptVIP

BUSINESS LAW ETHICS As we proceed…keep these in mind Let’s be clear on the terms LAW: Rules created by the governing body of a society to maintain harmony, stability and justice in that society. MORALS: Values that govern society’s attitude between right and wrong. ETHICS: Developing a way of determining what values ought to be—How we ought to act—embraces characteristics of honesty, fairness, compassion, integrity. WHY DISCUSS VALUES and MORALS in BUSINESS LAW CLASS??!! What we “value” impacts society Changing morals impacts our value system Society impacts the formation of law. Changes? Really? Did you know… Equal rights – DiscriminationPartner benefits for unmarried peopleStem Cell researchPrivacy issues – search and seizure – Patriot actSmoking BansStandards for Board of Director oversight of CorporationAcceptability of language over the airwavesSarbanes-Oxley Act Where do ETHICS come into play? Ethical Theories Ethical Relativism Situational ethics Social Contract Theory Utilitarianism Rational or Objective Ethics Role Model Ethics… Ethical characteristics- Role Model Theory Setting your own ethical standards through: Honesty Integrity Fairness Compassion Personal Ethics ~ Business Ethics How do personal ethical standards impact business? How do you establish “rules of conduct”…An ethical lifestyle? Some motivated by what others think Some motivated to do what is right Some motivated by fear of consequences Some motivated by compliance “Golden Rule” The Relationship between Law and Ethics Society has instituted THE LAW that tells us certain conduct is unacceptable and will administer punishment. The Law cannot administer punishment for unethical behavior----BUT---- Ethics may be the foundation of our legal system! Character Ethics, Business, Law In the long run, theres no capitalism without conscience. There is no wealth without character. President George W. Bush Source: Washington Post, Wednesday, July 10, 2002 * * WorldCom In the