BUL3320 - Chapter 2

WH Framework

Important because it takes away students' tendency to believe questions of ethics are simply matters of opinion

Epicurus's view on intrinsic value

The only thing that is intrinsically valuable is one's own pleasure

Epicurus's view on securing pleasure

The best way to secure pleasure is to live a virtuous, moderately ascetic life

Epicurus's philosophical precursor

The precursor of Utilitarianism

Seneca's view on virtue and happiness

Virtue alone is sufficient for happiness, nothing else makes a contribution

Seneca's view on health and wealth

Indifferent to health and wealth as they do not contribute to happiness

Seneca's view on a virtuous life goal

Seeking them as an end them can be an impediment to attaining a virtuous life

Seneca's definition of virtue

Virtue is a True and immovable judgment

Ethics (noun, definition 1)

The science of right conduct and character

Ethics (noun, definition 2)

The science which treats of the nature and grounds of moral obligation and of the rules which ought to determine conduct in accordance with this obligation

Ethics (noun, definition 3)

The doctrine of man's duty in respect to himself and the rights of others

Ethics (noun, definition 4)

The whole of the moral sciences

natural jurisprudence (Jurisprudence means study of Law)

Ethics (noun, definition 5)

A particular system of principles and rules concerning moral obligations and regard for the rights of others, whether true or false

Ethics (noun, definition 6)

Rules of practice in respect to a single class of human actions and duties: as, social ethics

medical ethics

Wisdom (Cardinal Virtue of Stoicism)

A wise person is the one that takes the right course of action, not just instrumentally, but morally

Courage (Cardinal Virtue of Stoicism)

Not about eliminating fear, but rather accepting it and pushing through with endurance and resilience

Temperance (Moderation, Cardinal Virtue of Stoicism)

Act with restraint, self

Justice (Morality, Cardinal Virtue of Stoicism)

Piety, honesty, equity, and fair dealing

doing what is right and fair, particularly when the going gets tough

Stoicism

The endurance of pain or hardship without the display of feelings and without complaint

Ongoing process of the Stoic way of living

Developing self

First principle of Stoic philosophy

Manage your expectations and judgments

Second principle of Stoic philosophy

Be realistic about what you have the power to change

Third principle of Stoic philosophy

Understand the meaning of equanimity—and practice it

Fourth principle of Stoic philosophy

Call out your emotions for exactly what they are

Fifth principle of Stoic philosophy

Live in harmony with nature—particularly human nature

Prudence (Cardinal Virtue of Christianity)

A prudent person will take the time to consider all possible options and their outcomes, praying for guidance and seeking counsel from others while carefully weighing the guidance

Justice (Cardinal Virtue of Christianity)

Giving your neighbor what is rightly his due by elevating his dignity, treating everyone with dignity and respect

Fortitude (Cardinal Virtue of Christianity)

How you endure your inevitable suffering

exists in the physical, spiritual, and moral life and seeks to fortify and strengthen you in all areas

Temperance (Cardinal Virtue of Christianity)

The virtue by which we find balance in our appetites and passions and practice moderation in our use of created goods and our conduct with people, keeping our desires honorable

Ten non

virtues of Body (Buddhism)

Ten non

virtues of Speech (Buddhism)

Ten non

virtues of Mind (Buddhism)

Ten Virtues of Body (Buddhism)

Protect Life, Give Generously, Maintain One's Discipline

Ten Virtues of Speech (Buddhism)

Speak Honestly, Reconcile, Speak Pleasantly, Speak Meaningfully

Ten Virtues of Mind (Buddhism)

Generosity, Loving Kindness, Correct View of Reality

First Commandment

You shall have no other God's before me

Second Commandment

Thou shalt not make unto thee any graven images

Third Commandment

Thou shalt not take the name of the Lord thy God in vain

Fourth Commandment

Remember the Sabbath day and keep it Holy

Fifth Commandment

Honor your father and mother

Sixth Commandment

Thou shalt not kill

Seventh Commandment

Thou shalt not commit adultery

Eighth Commandment

Thou shalt not steal

Ninth Commandment

Thou shalt not bear false witness

Tenth Commandment

You shall not covet

First Computer Ethics Commandment

Thou shalt not use a computer to harm other people

Second Computer Ethics Commandment

Thou shalt not interfere with other people's computer work

Third Computer Ethics Commandment

Thou shalt not snoop around in other people's computer files

Fourth Computer Ethics Commandment

Thou shalt not use a computer to steal

Fifth Computer Ethics Commandment

Thou shalt not use a computer to bear false witness

Sixth Computer Ethics Commandment

Thou shalt not copy or use proprietary software for which you have not paid (without permission)

Seventh Computer Ethics Commandment

Thou shalt not use other people's computer resources without authorization or proper compensation

Eighth Computer Ethics Commandment

Thou shalt not appropriate other people's intellectual output

Ninth Computer Ethics Commandment

Thou shalt think about the social consequences of the program you are writing or the system you are designing

Tenth Computer Ethics Commandment

Thou shalt always use a computer in ways that ensure consideration and respect for other humans

Ethics for Accountants

Described as the business values and moral judgments of accountants in their day

Regulation of Accountants' Ethics

Regulated by State law and federal law (Sarbanes Oxley)

Function of accounting in society

Guardians of private and public fisc through Audited Financial Statements and various Tax Returns

AICPA Code of Professional Conduct

A code that AICPA has for professional conduct

SOX Code of Ethics content requirement (Legal)

Legal Compliance

SOX Code of Ethics content requirement (Technology)

Use of Company Computer Equipment

SOX Code of Ethics content requirement (Environment)

Environmental Compliance

SOX Code of Ethics content requirement (Interest)

Conflicts of Interest

SOX Code of Ethics content requirement (Opportunity)

Corporate Opportunities

SOX Code of Ethics content requirement (Records)

Maintenance of Corporate Books and Records

SOX Code of Ethics content requirement (Fairness)

Fair Dealing

SOX Code of Ethics content requirement (Benefits)

Gifts and Entertainment

SOX Code of Ethics content requirement (Market)

Antitrust

SOX Code of Ethics content requirement (Assets)

Protection of Company Assets

SOX Code of Ethics content requirement (Information)

Confidentiality

SOX Code of Ethics content requirement (Communication)

Media/Public Discussions

SOX Code of Ethics content requirement (Exemptions)

Waivers

SOX Code of Ethics content requirement (Standards)

Compliance Standards and Procedures

SOX Code of Ethics content requirement (Securities)

Insider Trading

Benefits of a Code of Ethics (Intellectual Property)

Reflect company's commitment to protection of intellectual property

Benefits of a Code of Ethics (Diversity)

Reflect company's commitment to diversity

Benefits of a Code of Ethics (Community)

Reflect company's commitment to promotion of good community relationships

Benefits of a Code of Ethics (Culture)

Reflect company's commitment to respect for cultural differences and how to respond when customs and laws in other countries conflict with our standards and expectations

Benefits of a Code of Ethics (Environment)

Reflect company's commitment to environmental responsibilities and actions

Benefits of a Code of Ethics (Safety)

Reflect company's commitment to safety practices

Benefits of a Code of Ethics (Finance)

Reflect company's commitment to financial and accounting maintenance and reporting practices

Benefits of a Code of Ethics (Compensation)

Reflect company's commitment to compensation standards

Benefits of a Code of Ethics (Regulatory)

Reflect company's commitment to regulatory compliance

Benefits of a Code of Ethics (Professionalism)

Reflect company's commitment to professional standards and expectations

Distinction between Code of Ethics and Code of Conduct

A Code of Conduct spells out whether specific behaviors or actions are acceptable or not acceptable

Purpose of a Code of Conduct

Should spell out how to report a violation of company policy or ethics as well as the consequences for not reporting a violation or providing false information in an attempt to conceal the violation

Consequences of taking shortcuts to attain goals

May cause adverse side effects

Consequences of treating people disrespectfully

May result in treating people disrespectfully, or in a biased manner based on race, gender, social class, or religion

Consequences of incivility

Incivility towards colleagues and customers

Consequences of misuse of resources

Use of corporate resources for personal use

Benefit Corporation

An existing corporation may become a benefit corporation by amending its articles of incorporation to include a statement that the corporation is a benefit corporation

Corporate purpose of a Benefit Corporation

Has the purpose of creating general public benefit

Specific public benefits for a Benefit Corporation

May identify one or more specific public benefits in addition to its general purposes

Professional corporation as a Benefit Corporation

A professional corporation that is a benefit corporation does not violate s. 621.08 by having as its purpose the creation of general public benefit or a specific public benefit

Values Management

Emphasizes prioritizing moral values for the organization and ensuring that behaviors are aligned with those values

First common trait of Effective Values Management

Management articulates a clear vision of ethics and integrity through all levels of the organization