Title: Compliance and its effectiveness in preventing unethical behavior : analysis of the Siemens business conduct guidelines
Authors : Risi, David
et. al : No
Published in : Multinationale Unternehmen und Institutionen im Wandel : Herausforderungen für Wirtschaft, Recht und Gesellschaft
Pages : 291
Pages to: 310
Editors of the parent work: Brändli, Sandra
Publisher / Ed. Institution : Stämpfli
Publisher / Ed. Institution: Bern
Issue Date: 2013
License (according to publishing contract) : Licence according to publishing contract
Series : Schriften der Assistierenden der Universität St. Gallen (HSG)
Series volume: 8
Type of review: Editorial review
Language : English
Subject (DDC) : 170: Ethics
658.4: Executive Management
Abstract: In the course of globalization the sovereignty of the nation state and its democratically legitimated institutions are eroded. The economy does not develop under territorial regulatory frameworks anymore but rather defines the still residual latitude of the state. Multinational companies find themselves in a new political economic double role that implies ethical conflicts and poses big challenges for multinational companies. Over the course of the last decades various corporate scandals were caused by unethical behavior by people acting within or on behalf of a corporation. The consequences of such scandals included serious damage to the concerned companies. As a reaction to the increasing risk of scandals many companies implemented compliance-based ethics programs. To what extent such programs can provide ethical and legal business activities varies in practice. It can be assumed that the ethical dimension in particular is missed out because the discourse is dominated by a legal approach to the expanse of ethical considerations. This assumption is tested by analyzing the Business Conduct Guidelines of the company Siemens which is famous for its ethical program and has been used for best practice by other companies.
Departement: School of Management and Law
Organisational Unit: Center for Human Capital Management (ZHCM)
Publication type: Book part
ISBN: 978-3-7272-2287-0
URI: https://digitalcollection.zhaw.ch/handle/11475/18008
Appears in Collections:Publikationen School of Management and Law

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