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ETHICS OF BUSINESS ORGANIZATIONS.
Term Paper ID:29794
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Essay Subject:
Ethical standards business organizations should take.... More...
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5 Pages / 1125 Words
12 sources, 14 Citations,
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Paper Abstract:
Ethical standards business organizations should take. Needed to qualify them for inclusion in Financial Times Stock Exchange (FTSE) index, and FTSE4 Good Index. Focus on information systems (IS). Management function in high-tech firms. Social performance of a business; standards of behavior. Individual attitudes. Issues involved.
Paper Introduction:
ETHICS AND PROFESSIONALISM IN INFORMATION SYSTEMS MANAGEMENT
The Issue
Recent revelations in both Europe and North America in relation to the behaviour of high-level business executives involving both the reporting of financial information and the manipulation of market activity brought the already poor public perception of business ethics to new lows. The question of business ethics, however, is neither as new nor as narrow as reactions to the recent revelations would suggest.
Socially responsible investing (SRI) is a movement with a good track record that seeks to encourage higher levels of corporate ethics by channelling investment funds only to those firms that protect the rights of society through accountably corporate behaviour (Chaffey, Bocij, Greasley, & Hickie, 2002). Th
Text of the Paper:
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The Financial Times Stock Exchange (FTSE) indexdeveloping organisation has composed ethical guidelines for use inassessing the ethical behaviour of major business organisations. ethics and professionalism in information systems management The Issue Recent revelations in both Europe and North America in relation to thebehaviour of high-level business executives involving both the reporting offinancial information and the manipulation of market activity brought thealready poor public perception of business ethics to new lows. Ethical standards in IS management, thus, begins and ends withindividual behaviours and attitudes. Among the more important of theseissues are the following: > Organisational cultures which can either promote ethical behaviour or foster unethical behaviour > Allowing new employees to violate the intellectual property rights of their former employers by recreating the intellectual property in the new IS environment > Data security involving access and the ability to alter data > Violations of employee rights through electronic monitoring Rogerson, McRobb, and Fairweather (2 1) contend that the basis forpromoting ethical behaviour in IS management environments is the adoptionof a meaningful code of ethics by each organisation. (2nd ed). FTSE4Good new constituent additions. Management information systems: Managing the digital firm. C., and Laudon, J. Telecommunications Policy, 13, 233-242Chaffey, D., Bocij, P., Greasley, A., & Hickie, S. They provides asuggested model code of ethics that includes both (1) a set of fundamentalprinciples, and (2) detailed actions to be followed by individuals in ISmanagement environments in relation to each fundamental principal. During thesereviews, all firms are re-evaluated. Information is both a resource and a commodity. (2 2), Business information systems: Technology development and management. Retrieved from the Internet 2 3- 1-21 at: http://www.ccsr.cse.dmu.ac.uk/resources/ general/ethicol/Ecv9no1.htmlTreanor, J. Information in organisations: Directions for information management. The Guardian. The FTSE reviews the compositionof the FTSE4Good Index twice yearly - March and September. ccsr.cse.dmu.ac.uk/resources/general/ethicol/Ecv11no1.htmlRogerson, S., & Prior, M. New code of ethics. London: Pitman.Rogerson, S., McRobb, S., & Fairweather, B. The FTSE4Good index is a social responsibility index designed tomeasure corporate social responsibility on a global scale. Retrieved from the Internet 2 3- 1-21 at: http://www.ftse4good.com/de Jager, P. Retrieved from the Internet 2 3- 1-21 at: http://www. IMIS Journal, 1-3. Declaration of human rights "should govern corporate life". Retrieved from the Internet 2 3- 1-21 at: http://www. (2 1, January). Craig Mackenzie, chief of InsightInvestment, believes that as few of 1 percent of the businessorganizations included in the FTSE 1 Index could qualify for inclusion inthe FTSE4Good Index (quoted in Treanor, 2 2). Thefundamental principles are as follows (Rogerson, McRobb, & Fairweather,2 1, p. (Eds.). In turn, according to Kirk (1999) contends thatsuch situations draw "attention to the ethics of information managementpractice" (p. The treatment of workersinvolves issues related to property rights, system quality, quality oflife, and the protection of human rights. IMIS Journal, 1- 2. The FTSEguidelines could be applied to business organizations of any size; however,the FTSE indexes (market performance or ethical performance) focus on largeorganizations. This role places ethical responsibilities onthe IS function in an organisation (Robson, 1997). Information Management Journal, 36(5), 82-85.Kirk, J. (1999, February). (2 2). Pursuing Ethics and Professionalism in IS Management In 2 2, Insight Investment, the fund management element of HBOS,urged the top 1 firms in the UK to improve their ethical standards ofbehaviour in relation to the treatment of workers and the use of bribery inthe conduct of operations (Treanor, 2 2). The specific focus of this paper ison the information systems (IS) management function within high-technologyfirms, with respect to (1) information rights and obligations, (2) propertyrights, (3) accountability and control, (4) system quality, and (5) qualityof life. 1). (2 2, September-October). Therefore, theethical responsibility of IS management stems from the situation wherein"information is not just affected by its environment, but is itself anactor affecting other elements in the environment" (Braman, 1989). The outcomes of the evaluationsdetermine which firms are added to the index and which firms are droppedfrom the index (FTSE, 2 3a). Rogerson and Prior (1999) suggested that ethical standards in ISmanagement apply to a variety of issues. Thequestion of business ethics, however, is neither as new nor as narrow asreactions to the recent revelations would suggest. FTSE4Good Index Series. Strategic management and information systems: An integrated approach. Socially responsible investing (SRI) is a movement with a good trackrecord that seeks to encourage higher levels of corporate ethics bychannelling investment funds only to those firms that protect the rights ofsociety through accountably corporate behaviour (Chaffey, Bocij, Greasley,& Hickie, 2 2). Information Research, 4(3), 1-8. In 2 1, many major business organizations, including high-technologyfirms, in the United Kingdom (UK) failed to meet the criteria for inclusionin the FTSE4Good Index (Bernstein, 2 1). P. Kirk (1999) relates the social performance of a business organisationto the image of the organisation. 82). The primaryfocus of the index is to recognise those business organizations, theperformance of which reflects to practice of high levels of ethicalstandards in relation to (1) the protection of human rights, (2) thepromotion of environmental sustainability, and (3) the fostering ofmutually beneficial relations with stakeholders in the activities of thebusiness organisations (FTSE, 2 3). (1997). (1989) Defining information: An approach for policymakers. Kirk (1999) points out further that theimage of a business organisation is largely the function the political andsocial contexts, through which information concerning the organisation ispresented to the public. Good, evil, and moral duty. London: FTSE. 3): > Principle 1 - Society: Uphold the health, safety and welfare of wider society, future generations, and the environment > Principle 2 - Organisations: Serve employers and clients honestly, competently, and diligently > Principle 3 - Peers: Respect and support the legitimate needs, interests, and aspirations of all colleagues and peers > Principle 4 - Staff: Encourage and assist organisational subordinates to fulfil their responsibilities and to develop their full potential > Principle 5 - Profession: Strive to be a fit representative of the IS management profession > Principle 6 - Self: Be honest in representing myself and continually strive to enhance both my professional competence and my ethical understanding Conclusion Peter de Jager (2 2), writing in Information Management Journal,observed that: "Ethics can be approached from at least two differentdirections. One can speak about ethics in the abstract, never bringingindividuals into the discussion and, in doing so, ignore its very essence,or allow that ethics is a personal, contentious issue, admitting that anyhonest discussion must use real-life examples to serve any useful purpose"(p. (2 3a). Retrieved from the Internet 2 3- 1-21 at: http://www. This paper considers the ethical standards that business organisationsshould seek to attain to assure their qualification for inclusion onindexes such as the FTSE4Good Index. (2 2, November 19). ftse.com/indices_marketdata/FTSE4Good/index_home.jspFTSE. Retrieved from the Internet 2 3- 1-21 at: http?// http:// www.silicon.com/ bin/bladerunner?3 REQEVENT= &REQAUTH=21 46&14 1REQSUB=REQINT1=45617FTSE. CIO, 1. guardian.co.uk/Print/ ,3858,4549552, .html (1999, February). Kirk (1999) noted that: "Information management has a clear role inmaking meaning and will embody through its practice, the beliefs and valuesof the organizations" (p. The use of bribery involvesissues related to information rights and obligations, accountability andcontrol, and the fostering of mutually beneficially relations withstakeholders (Loudon & Loudon, 2 2). (2 1, July 1 ). 1). London: FTSE. Is it ethical? Upper Saddle River, New Jersey: Prentice Hall.Robson, W. Retrieved 2 3- 1-21 at: http:// informationr.net/ir/4-3/paper57.htmlLaudon, K. ReferencesBraman, S. (7th ed.). (2 3). There's more to life than money: FTSE rates firms on ethics. London: FT Pitman.Bernstein, J.
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