ethical environment in a company may be created and corporate scandals may be avoided.

Q26. State how far a sound ethical environment in a company may be created and corporate scandals may be avoided.
Ans. Creating an ethical environment in a company: A sound ethical environment in a company may be created and corporate scandals may be avoided by adopting the following methods:

  1. Ensuring that employees are aware of their legal and ethical responsibility.: Some ethical organizations are having policies to train and motivate employees towards ethical behavior. To start with, such initiation should be from the top. A number of Companies in India and abroad are being known for their quality and soundness of their ethical program-mes. Companies like Raytheon, Texas Instruments, Wipro are pioneers in establishing ethical environment among the employees enabling them to take ethical decisions. Read More …