Corporate Ethics Codes: A Practical Application of Liability Prevention

With the great increase in litigation, insurance costs, and consumer prices, both managers and businesses should take a proactive position in avoiding liability. Legal liability may attach when a duty has been breached; many actions falling into this category are also considered unethical. Since muc...

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Bibliographic Details
Authors: Blodgett, Mark S. (Author) ; Carlson, Patricia J. (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 1997
In: Journal of business ethics
Year: 1997, Volume: 16, Issue: 12, Pages: 1363-1369
Further subjects:B Corporate Code
B Great Increase
B Ethic Code
B Business Application
B Economic Growth
Online Access: Volltext (JSTOR)
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Description
Summary:With the great increase in litigation, insurance costs, and consumer prices, both managers and businesses should take a proactive position in avoiding liability. Legal liability may attach when a duty has been breached; many actions falling into this category are also considered unethical. Since much of business liability is caused by a breach of a duty by a business to either an individual, another business, or to society, this article asserts that the practice of liability prevention is a practical business application of ethics. In today's highly litigious environment, it is appropriate for the concept of general liability prevention to be included in corporate codes of ethics.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1023/A:1005718721517