![]() Stronger emphasis on corporate social responsibility and integrity management.Business regulations mandate stronger ethical safeguards (Federal Sentencing Guidelines for Organizations Sarbanes-Oxley Act of 2002).Anticorruption efforts grow: OECD Convention on Bribery (1997-2000) UN Convention Against Corruption (2003) UN Global Compact adopts 10th principle against corruption (2004).The role of business in promoting sustainable development.Challenge of negotiating ethics standards of numerous cultures in increasingly global business climate.Workers, whose parents experienced layoffs 20 years prior, are less loyal to companies and frequently change jobs, resulting in knowledge loss and increased competition from rival firms. Great Recession takes a toll on faith in U.S. ![]() Acts of terror and aggression occur internationally, including 9/11 in the US. Hackers and data thieves plague businesses and government agencies. Personal data is collected and sold openly. Combination of excessive risk-taking and lack of effective controls destroys high-profile firms. Unprecedented economic growth is followed by financial failures. Global Sullivan Principles (1999) engage corporations in fight for human rights and social justice.Royal Dutch Shell International begins issuing annual reports on their ethical performance. ![]()
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