INTERNATIONAL BUSINESS ETHICS

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INTERNATIONAL BUSINESSETHICS : 

INTERNATIONAL BUSINESSETHICS T. Leigh Anenson, J.D., LL.M.

THREE GLOBAL FORCES : 

THREE GLOBAL FORCES GROWTH OF WORLD TRADE & INVESTMENT SPREAD OF GLOBAL INFORMATION RISE OF PUBLIC AWARENESS OF MORAL ISSUES

SOURCES OF CODES OF ETHICS : 

SOURCES OF CODES OF ETHICS 1) INTERNATIONAL CHAMBER OF COMMERCE (ICC) bribery, marketing, advertising 2) CAUX ROUND TABLE 3) INTERFAITH DECLARATION Christians, Muslims, Jews 4) UN CODE OF CONDUCT FOR TRANSNATIONAL CORPORATIONS

INTERFAITH DECLARATION 1994 = FOUR KEY VALUES : 

INTERFAITH DECLARATION 1994 = FOUR KEY VALUES 1) JUSTICE 2) MUTUAL RESPECT 3) STEWARDSHIP 4) HONESTY

CAUX ROUND TABLE 7 PRINCIPLES FOR INTERNATIONAL BUSINESS : 

CAUX ROUND TABLE 7 PRINCIPLES FOR INTERNATIONAL BUSINESS 1) shareholders ? stakeholders 2) social & economic impact in foreign state? world community 3) look beyond law ? spirit of trust 4) respect for rules 5) support for multilateral trade 6) respect for the environment 7) avoidance of illicit operations

ETHICS: FIVE TOPICS : 

ETHICS: FIVE TOPICS 1) environment 2) standards 3) bribery 4) advertising 5) human rights

UNITED NATIONS CONVENTION AGAINST CORRUPTION (UNCAC) : 

UNITED NATIONS CONVENTION AGAINST CORRUPTION (UNCAC) FIRST GLOBAL FRAMEWORK FOR COMBATING CORRUPTION ENTERED INTO FORCE 12-14-05 140 COUNTRIES SIGNED IT (12/15/06) 80 RATIFIED IT (12/15/06) First Conference of the UNCAC, Dead Sea Resort, Jordan, 12-06

2006 Transparency International Corruption Perceptions Index : 

2006 Transparency International Corruption Perceptions Index Country Rank = Top Ten 1. Finland 9.6  Iceland 9.6  New Zealand 9.6 4. Denmark 9.5 5. Singapore 9.4 6. Sweden 9.2 7. Switzerland 9.1 8. Norway 8.8 9. Australia 8.7  Netherlands 8.7 Country Rank = Bottom Thirteen 151. Belarus 2.1  Cambodia 2.1  Côte d´Ivoire 2.1  Equatorial Guinea 2.1  Uzbekistan 2.1 156. Bangladesh 2.0  Chad 2.0  Congo 2.0  Sudan 2.0 160. Guinea 1.9  Iraq 1.9  Myanmar 1.9 163. Haiti 1.8

PRACTICAL IMPORTANCE OF ETHICAL STANDARDS : 

PRACTICAL IMPORTANCE OF ETHICAL STANDARDS GOOD MARKETING BUSINESS PLANNING (i.e. it may become the law)