Chapter 4 Presentation 2

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  1. 1. RESPONDING TO WHISTLEBLOWERS Whistle-blower Aterm for someone who reports illegal or unethical conduct to superiors or to the public. In some cases, these actions are protected by law. Sarbanes-Oxley Act of 2002 Makes it illegal to fire or punish employees who help authorities investigate stock market fraud. Managements response to whistle-blowing sends a message of company support of business ethics.
  2. 2. WRITING A CODE OF ETHICS A code of ethics describes a businesss moral philosophy and gives concrete guidelines for carrying it out. Forcesyou to clarify your own values and principles. Helps resolve and prevent problems Provides some protection against claims of unfairness. Companies hire a compliance officer to handle these situations.
  3. 3. WRITING A CODE OF ETHICS The code must balance contrasting qualities in an effective way: Mustbe general enough to apply to many situations, yet specific enough to offer practical help. The code should reflect your values but also respect the beliefs of those who will be effected. The values can be idealistic, but the guidelines must be realistic. Code of Ethics should be continually evolving without drifting from its core benefits.
  4. 4. INTELLECTUAL PROPERTY Intellectual Property Isartistic and industrial creations of the mind. Possession of these creations is protected by law. The owners are entitled to credit and usually some form of payment when their works are used, especially used for commercial gain. Artistic creations are protected by copyrights Exclusiveright to perform, display, copy, or distribute an artistic work. Applied as soon as work is created
  5. 5. INTELLECTUAL PROPERTY Patent Isthe exclusive right to make, use or sell a device or process.Trademark Asymbol that indicates that the use of a brand or brand name is legally protected and cannot be used by other businesses.
  6. 6. VIOLATING INTELLECTUAL PROPERTY LAWS Infringement Violatingrightsa copyright, trademark, or patent holdersWays to avoid infringement Fair UseLaw for the limited quotation of a copyrighted work without permission or payment to the copyright holder Public DomainMeans the copyright or patent has expired
  7. 7. CONFLICT OF INTEREST/CONFIDENTIALITY Conflict of Interest Existswhen personal considerations and professional obligations interfere with each other.Confidentiality Cancreate a conflict of interest with employees Signa Non-Disclosure clause so when you leave the company, you are not permitted to speak, or reveal facts about the company. Takingadvice from inside information can lead to prison time.