Corporate citizenship expresses the required involvement of the company as a good citizen in society who realizes that contribution to the widespread good of society is an essential component of good and ethical business relations. As a part of extra complete compliance and ethics packages, many corporations have formulated inner insurance policies pertaining to the ethical conduct of employees. They are typically meant to establish the company’s expectations of staff and to offer steerage on handling a few of the more widespread ethical problems that may come up in the course of doing business. It is hoped that having such a policy will result in higher moral consciousness, consistency in application, and the avoidance of moral disasters. There are legal restrictions, which cover some elements of business ethics.
Laws regulate norms for environmental safety, staff’ rights, and truthful competition. But these measures don’t cover all moral practices within the management … Read More