The idea has come to imply varied issues to various people, but generally it is coming to know what it right or wrong in the office and doing what’s proper – that is in regard to results of merchandise/companies and in relationships with stakeholders. Many firms added equal opportunity places of work to their human resources division to make sure compliance, and normally the consciousness of business about discrimination, equal opportunity, and equal pay for equal work came to the fore.
Each signatory agreed to have a written code of ethics, set up acceptable ethics training programs for their workers, set up monitoring mechanisms to detect improper exercise, share their best practices, and be accountable to the public.
In 1977, following a sequence of scandals involving bribery by U. S. companies abroad together with the Lockheed $12 million bribery case that led to the autumn of the Japanese government at the time, the U. S. authorities passed the Overseas Corrupt Practices Act.
In 1979 three anthologies in business ethics appeared: Tom Beauchamp and Norman Bowie, Ethical Concept and Business; Thomas Donaldson and Patricia Werhane, Ethical Issues in Business: A Philosophical Strategy; and Vincent Barry, Moral Issues in Business.
Be it the relation of enterprise and politics, be it the position of business in financial inequality, or be it the function of enterprise in new applied sciences and big knowledge – these are all new ethical challenges which ask for wider and deeper conceptualizations of the position of enterprise and its embeddedness in wider society.