Restoring Confidence in Corporate America

Paper Summary:

The image of organizational ethics and the trust in corporate America suffered severely from the showers of Wall Street scandals, countless breaches of confidence and numerous example of abuse of power. The paper shows that among other factors, organizational ethics decline is often attributed to corporate greed, work pressure and stress, and lack of effective internal and external regulation. However, experts suggest that in times of distress and tough economic conditions it is more important than ever to remain faithful to personal and organizational moral principles. The paper analyzes the reasons that led to the corporate confidence crisis and looks at solutions to the existing problems. The study provides useful information concerning organizational ethics policies, analyzes various problems associated with moral behavior and decision making in the modern workplace and discusses several ways to improve and promote workplace ethics. The report examines the effects of the Sarbanes-Oxley Law, analyzes organizational internal processes aimed to build value-based corporate culture and discusses the benefits and challenges of formal educational training to advance ethical behavior in business. The paper includes tables and an outline.

Table of Contents
Executive Summary
Introduction
Corporate Scandals
The Concept of Workplace Ethics
Results of the Study
Organizational Ethics Policies
Reasons Behind Workplace Ethics Decline
Restoring Workplace Ethics and Trust
- Through Government Regulation: SOX
- Through Internal Mechanisms
- Through University Education
Summary
Appendix
Works Cited

From the Paper:

"Perhaps that is the reason why many people believe that companies' ethical guidelines and codes of conduct are no more than a charade, used to show off in front of clients, business partners and competitors. After all, to be perceived as an ethical organization is one way to maintain a reputation for high standards. In addition, ethical behavior has a tendency to relieve public concern about social and environmental responsibilities, as well as to ease the pressure for government regulation. On top of that, according to Amy Zipkin (2000), the author of "Management: Getting Religion on Corporate Ethics," "taking a strong ethical stand helps shield senior officers from legal troubles.""

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