1. Key Points of Ch 4

2. Your learning so far --VALUES --Self-Knowledge ------------------
--Self-control
--Understanding/emotional intelligence
Good Management Practice
Autonomy + Mastery + Purpose = Context for Social & Business Ethics

3. The Nature of Ethics Ethics
The inner-guiding moral principles, values, and beliefs that people use to analyze or interpret a situation and then decide what is the right or appropriate way to behave

4. Dealing with Ethical Issues
There are no absolute or indisputable rules or principles that can be developed to decide if an action is ethical or unethical
Neither laws nor ethics are fixed principles
Managers must confront the need to decide what is appropriate and inappropriate as they use a company’s resources to produce goods and services
Ethical beliefs lead to the development of laws and regulations to prevent certain behaviors or encourage others 4

5. The Relationship Between Ethics and Law
Grasp the difference between ethics, and the political and legal process. Can ethics and laws change through time? Society as a whole, using the political and legal process, can pass laws that specify what people can and cannot do. Examples: The personhood and rights of transgender individuals Legality of cannabis

6. Well known ethical/moral rule
Difference between stakeholders and shareholders?

7. Types of Company Stakeholders
Figure 4.1

8. Executive Pay – Discussed in Text
Executives sit on one another’s Boards of directors and basically set their own pay
Can and should laws pass in order to change this?
Laws have passed in an attempt to change dishonest and fraudeulent acts within businesses – AI and Internet Security controversies may also lead to regulatory change
2002 Sarbannes-Oxley Act

9. 4 Rules for Ethical Decision Making

10. Organizational Ethics: Guiding Practices and Beliefs of a Firm or Organization - COE’s are Common

11. Then Why The Deviation from Ethical Behavior? Conflict Theory

12. Approaches to Corporate Social Resposibility