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Q: What companies have ethical policies?
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What legislative act prompted many US companies to develop internal ethical policies and procedure?

The Sarbanes-Oxley Act


Do ethical companies only recruit ethical people?

Ethical companies make an effort to recruit ethical people but can only tell what a person's history indicates. There is no foolproof method for screening for integrity.


Can companies have illegal policies?

Companies cannot have a policy that is illegal Companies CAN publish illegal policies. They cannot compel employees to obey those policies not punish those who disobey illegal policies.


Identify the four types of groups that serve as watchdogs regarding how well companies enforce their ethical and social responsibility policies?

Socially conscious investors Environmentalists Union Officials Customers


Do companies have policies for political and charitable contributions?

Many companies have policies about political and charitable contributions


Do companies have policies about gifts?

Many companies also have policies about practices such as giving and receiving gifts


What is the ethical responsibility of business professionals?

Be honesty in the working place and with policies...


When making a decision involving an ethical dilemma you should rely solely on your organization's policies. True or False?

False. Your organization may not have ethical policies. You need to think it out and decide what is right as an individual, taking the policies into account, of course, but not betraying your conscience for them either.


What are the 5 things the law organizational policies professional association policies community morality and individual conscience can be drawn upon when faced with an ethical dilemma?

These 5 things (the law, organizational policies, professional association policies, community morality, and individual conscience) can be drawn upon when faced with an ethical dilemma.


Why do Companies develop policies?

Companies develop policies generally to help them run efficiently in achieving their objectives


Should the government be involved in enforcing ethical practices for private companies?

YES Government should be involved in enforcing ethical practices in private companies because even in private companies, scientific advancement should not be placed above ethical codes that would be inhumane


Does foremost insurance company offers commercial policies?

iThe Commercial policies are offered by General Insurance companies, whereas life policies are issued by Life Insurance companies