A partnership model of corporate ethics

Wood, Greg 2002, A partnership model of corporate ethics, Journal of business ethics, vol. 40, no. 1, pp. 61-73, doi: 10.1023/A:1019990724275.

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Title A partnership model of corporate ethics
Author(s) Wood, Greg
Journal name Journal of business ethics
Volume number 40
Issue number 1
Start page 61
End page 73
Publisher D. Reidel Pub. Co.
Place of publication Dordrecht, Netherlands
Publication date 2002-09
ISSN 0167-4544
Keyword(s) Australia
Summary The stock market crash of 1987 had a profound effect on corporate Australia and the Australian community in general. The fall-out revealed that some of our most respected business figures had not been as ethical, or even as lawful, as we would have hoped. This impropriety produced in Australia an awakening to business ethics. Whilst many companies endeavoured to introduce ethical practices into their corporations, they perceived ethics as a way of minimising damage to the corporation and in some cases as a means of competitive advantage. What was lost was the reason that one should embark on business ethics; and that is to make the society and corporate Australia a more ethical place in which to exist.This paper proposes a model based on 2 factors: commitment and partnerships, as a means of enabling corporate Australia to refocus attention on the main purpose of being inherently ethical in all that we do. This ethical model requires a commitment to partnerships with all stakeholders both internal and external in an attempt to enhance the level of ethical business practices that are contemplated and pursued within corporate Australia. Whilst the research agenda and the information collected is Australian-based, it is hoped that the ideas contained within this paper will have a wider appeal to corporations in similar cultural settings.
Language eng
DOI 10.1023/A:1019990724275
Field of Research 150399 Business and Management not elsewhere classified
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2002, Kluwer Academic Publishers
Persistent URL http://hdl.handle.net/10536/DRO/DU:30001611

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