Individual Roles and Conflicting Moral Obligations: Examples from Corporate and Professional New Zealand

<p>This paper is concerned with the notion of role morality. It attempts to answer the question of how individuals deal with conflicts between role morality and personal convictions. Based upon the answer to this question the paper further attempts to answer the question of how institutions that establish role morality need to proceed in order to ensure that the rules and principles issued by them are actually followed. Finally, the paper takes a look at the situation in professional and corporate societies in New Zealand and the way professional associations and business corporations in New Zealand deal with the fact that obligations under professional and corporate ethics may conflict with the personal convictions of professionals and employees.</p>

Individual Roles and Conflicting Moral Obligations: Examples from Corporate and Professional New Zealand

<p>This paper is concerned with the notion of role morality. It attempts to answer the question of how individuals deal with conflicts between role morality and personal convictions. Based upon the answer to this question the paper further attempts to answer the question of how institutions that establish role morality need to proceed in order to ensure that the rules and principles issued by them are actually followed. Finally, the paper takes a look at the situation in professional and corporate societies in New Zealand and the way professional associations and business corporations in New Zealand deal with the fact that obligations under professional and corporate ethics may conflict with the personal convictions of professionals and employees.</p>

Enhancing Financial Reporting Quality through Corporate Ethics Commitment: A Malaysian Review

A rising number of cases involving ethical misconduct within firms have of late received considerable attention in Malaysia. Despite the country's declaring having a strong corporate governance policy, strengthened through the Code of Ethics for Company Directors and Malaysia Code of Corporate Governance, the unethical practices and lack of integrity within firms remain an issue. PricewaterhouseCoopers (PwC) Malaysia conducted a survey in 2018, it was found that 41 percent of Malaysian registered companies were guilty of committing some forms of economic crimes, specifically business misconduct, asset misappropriation, bribery, and corruption. They added, the actual number may be higher due to many cases of ethical misconduct that typically go unreported. Furthermore, crimes of ethical misconduct in Malaysia have also increased by 28 percent in the last two years. It was revealed taht corporate culture was the most influential element in helping detect early warning signs of ethical misconduct within a firm. A KPMG 2019 report published in the subsequent year also suggested that an unhinged desire for a wealthy lifestyle acts as a prime motivation behind many of the unethical behaviors discovered. Thus, in the light of the increasingly worsening situation of ethical misconduct in Malaysian firms, the need to explore these corporate ethical issues has never become more crucial and appropriate. The ubiquitous nature of the issue has subsequently jeopardized the financial reporting quality of Malaysia's firms. Keywords: Corporate Ethics, Corporate Governance, Earnings Management, Financial Reporting Quality

The Influence of Corporate Ethics Culture on Whistleblowing Mechanisms and Their Impact on Fraud Detection (Empirical Study in the Anti Fraud Division of PT. Bank XYZ in Jakarta 2020)

Fraud is one of the main problems for many organizations today. The more cases of fraud that occur in the banking sector in Indonesia, it is necessary to have fraud prevention efforts. This study aims to examine the effect of corporate ethical culture on the whistleblowing mechanism and its impact on fraud detection. This research was conducted using an explanatory quantitative research method with a survey through distributing questionnaires to all anti-fraud employees and the internal audit work unit who were directly involved in the whistleblowing mechanism at Bank XYZ who became respondents. The total respondents in this study amounted to 89 respondents. Statistical testing in this study used a statistical test approach with Smart PLS software version 3.0. The results of this study indicate that the company's ethical culture has a significant positive effect on the whistleblowing mechanism, the whistleblowing mechanism has a significant positive effect on fraud detection and the company's ethical culture has a significant positive effect on fraud detection with the whistleblowing mechanism while the influence of corporate ethical culture has no significant effect on fraud detection.

Enhancing Financial Reporting Quality through Corporate Ethics Commitment

Objective - A rising number of cases involving ethical misconduct within firms have of late received considerable attention in Malaysia. Despite the country's declaring having a strong corporate governance policy, strengthened through the Code of Ethics for Company Directors and Malaysia Code of Corporate Governance, unethical practices, and lack of integrity within firms remain an issue. This paper aims to review the current implementation of corporate ethical conducts among corporate governance practitioners as well as factors that influence corporate ethics commitment in a firm. Methodology/Technique - This paper is developed from extensive readings of previous literature on corporate governance practices and their effect on the quality of financial reports. Findings - This paper discloses collective approaches of corporate ethics practiced in Malaysian firms and how the implementation has enhanced the firms' overall financial reporting quality. It demonstrates current issues and the importance of corporate ethics commitment to enhance financial reporting quality. Firms that emphasize ethical commitments, reduce the risk of financial statement fraud and firms will naturally gain trust from their stakeholders. Novelty - This paper stresses the importance of sound ethical conduct above other factors that influence the financial reporting quality of firms in Malaysia. This paper is the result of extensive research on corporate ethics commitment and financial reporting quality. Type of Paper - Review. Keywords: Corporate Ethics; Corporate Governance; Financial Reporting Quality JEL Classification: G34, M41.

Antimonopoly Compliance in the Energy Sector

The purpose of the article is to identify and clarify the main features of the functioning and implementation of the antimonopoly compliance system at electric power enterprises. The main idea of the article is to use various methods (analysis, induction, etc.) to conduct a study of changes in domestic legislation that relate to the legislative consolidation of the antimonopoly compliance system. Based on statistical data and data from scientific sources, we can identify the main areas of activity of energy companies, where violations of antitrust legislation are most common, which will be identified and prevented by the antitrust compliance system. The scientific novelty of this article is confirmed by the almost absent publications of other authors, which study the effectiveness of the antimonopoly compliance system in the field of electric power industry. The author comes to the conclusion that the antitrust compliance system is an effective mechanism that allows identifying antitrust risks both inside the company and outside it. An increase in the number of companies that have antitrust compliance services will reduce the number of illegal violations by unscrupulous market participants, while these circumstances affect not only the electric power industry, but also other areas of the Russian economy. According to the author, the implementation of antitrust compliance will help to: l) reduce the number of offences committed by companies; 2) to prevent the actions of employees, which may in its work, to violate the antitrust laws; 3) to reduce the number of anti-competitive actions. Availability of antitrust compliance within the company promotes as corporate ethics, and the adoption by the staff of the values of the organization.

Cultivating Patriotism—A Pioneering Note on a Russian Dimension of Corporate Ethics Management

Corporate codes of conduct address various issues, some of which can be country-specific. A tentative analysis of the content of 42 codes of the leading Russian private companies implies that about a quarter of them consider patriotism, which generally matches the significant attention paid to this issue in Russian society. Of 10 companies with the biggest annual revenue, four (40%) consider patriotism in their codes. The main topics are pride in a company’s relevance to state development, initiatives, and interests, as well as care for the veterans of the World War II. The present study implies that patriotism can be an important dimension of corporate ethics management in some countries.