Possible costs or financial implications of ethical lapses

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Question

What is the proper role of ethics in a business? What are the possible costs or financial implications of ethical lapses? Use an example that you know of, to discuss costs and implications of ethical lapses. List four (4) topics that you would recommend be included in a business ethics policy or statement. Pick one to explain what it should say and why it is important to a business. Many business analysts suggest other things are important to a business other than "shareholder return" and profits for shareholders (See Friedman Article). If you are the CEO or CFO of a business, how much (state an amount as a percent of your company's profits) should a business forgo in profits to invest other priorities or stakeholders? Explain and rationalize your recommendation.

Reference no: EM133576672

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