Ethics And Ethics Of Ethics

775 Words4 Pages
With the “Repo 105” manipulation, assets and liabilities were reduced at the reporting date, and the leverage ratio was decreased as well because the numerator and the denominator of that ratio are reduced by the same amount. As a result, Lehman Brothers declared bankruptcy and former officials of Lehman brothers have agreed to pay $90 million to settle a shareholder lawsuit.
We can refer from the two previous examples that ethics education is crucial. The main reason for ethics education is that ethics courses and training would help students, who are going to become future managers and business decision makers, to resolve such ethical dilemmas correctly. As we know that most dilemmas often have multiple decision criteria. Business ethics classes would help students to realize which decision criteria lead to a preference for a given decision alternative. Besides helping future business players, another important reason for education of ethics is the fact that it is inescapable. Without the existence and appreciation of ethics and the codes of conduct, the world will be at lost and have no ways of assessing what is desirable and adds to the public wellness, and what is sabotaging the social standards. Having the code of ethics is not merely a way to secure survivability of the company, but also helps the company to make the right decisions in dilemmas and expressing commitments to the society. Similar to the discussions of social responsibilities that companies should hold

More about Ethics And Ethics Of Ethics

Get Access