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Fundamentals of Business Law

6 th Edition. Fundamentals of Business Law. Chapter 3 Ethics and Social Responsibility. Nature of Business Ethics. What is Business Ethics? Why is Business Ethics Important? Case 3.1 Time Warner Entertainment Co. v. Six Flags Over Georgia, LLC (2002). Setting the Right Ethical Tone.

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Fundamentals of Business Law

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  1. 6th Edition Fundamentalsof Business Law Chapter 3Ethics and Social Responsibility

  2. Nature of Business Ethics • What is Business Ethics? • Why is Business Ethics Important? • Case 3.1 Time Warner Entertainment Co. v. Six Flags Over Georgia, LLC (2002). • Setting the Right Ethical Tone. • Importance of Ethical Leadership. • Creating Ethical Codes of Conduct. • Corporate Compliance Programs. • Sarbanes-Oxley Act and Web-Based Reporting Systems.

  3. Nature of Business Ethics • Conflicts and Trade Offs. • Case 3.2 Remsburg v. Docusearch, Inc. (2003). • Defying the Rules: ENRON. • Accounting Issues. • ‘Off the Books’ Transactions. • Self-Dealing. • Corporate Culture.

  4. Business Ethics and the Law • Legal compliance is the moral minimum. • Laws regulation Business. • “Gray” areas in the Law. • Case 3.3 Pavlik v. Lane Ltd./Tobacco Exporters International (1998). • Technological Developments and Legal Uncertainties. • Case 3.4 Blakey v. Continental Airlines, Inc. (2000).

  5. Approaches to Ethical Reasoning • Duty-Based Ethics. • Religious Ethical Standards. • Kantian Ethics. • Principle of Rights. • Outcome-Based Ethics.

  6. Corporate Social Responsibility • Views: • Profit Maximization. • Stakeholder Approach. • Corporate Citizenship. • Role of Public Opinion. • Maximum vs. Minimum Profits.

  7. Business Ethics on a Global Level • Monitoring Employment Practices of Foreign Suppliers. • Foreign Corrupt Practices Act: • Bribery and Public Corruption. • Accounting Requirements. • Penalties for Violations.

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