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  • Essay / Code of Ethics in Global Corporations - 778

    When global and domestic corporations fail to follow a strict code of ethics, it puts them at risk of potential business collapse. This happens when shareholders lose confidence in the company's decisions and its ability to maintain or increase its growth margins. Every business's agenda should always include the success of its company, its shareholders and surrounding communities. Utilitarianism is probably the most widely accepted code of ethics. This code of ethics is the most practical approach because it is known to create the least suffering for individuals and communities directly linked to the company. It would be highly unethical for a company to participate or engage in activities, agreements or transactions that create widespread suffering within its communities, simply for the simple reason of maximizing its profits. Unfortunately, several large global companies not only tolerate this behavior, but also participate in