Ethics constitutes the cornerstone of business. The common perception and typecasting of many people is that of business being unscrupulous and opportunistic. This has largely been a result of the fall in the recent past, due to highly unethical and undesirable means, of huge global businesses such as Enron, WorldCom, Hollinger and Tyco to name just a few. In many other countries, it is common practice to come across a number of corporations make millions and even billions, only to fall by the wayside after being caught in the legal net.

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2. Ethics constitutes the cornerstone of business. The common perception and
typecasting of many people is that of business being unscrupulous and
opportunistic. This has largely been a result of the fall in the recent past, due
to highly unethical and undesirable means, of huge global businesses such as
Enron, WorldCom, Hollinger and Tyco to name just a few. In many other
countries, it is common practice to come across a number of corporations
make millions and even billions, only to fall by the wayside after being caught
in the legal net.
Ethics constitutes the cornerstone of business. The common perception and
typecasting of many people is that of business being unscrupulous and
opportunistic. This has largely been a result of the fall in the recent past, due
to highly unethical and undesirable means, of huge global businesses such as
Enron, WorldCom, Hollinger and Tyco to name just a few. In many other
countries, it is common practice to come across a number of corporations
make millions and even billions, only to fall by the wayside after being caught
in the legal net.

3. A question that often arises is this: Isn’t ethics in business subjective, the way
it is for humans? What is ethical for one person is not for another, and vice
versa. So, what is this big noise about ethics in organizations? Some people
also argue that the notion of ethics keeps shifting with circumstances and
time. Is there a point in really creating such a hullabaloo about ethics, which,
like a shifting goalpost, is different things to different people?
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4. This is the nub of the topic of ethics. It is well understood that as in one’s
personal life, ethics in business could also vary based on how one looks at it.
This is why in corporate circles, a whole set of principles has come to be
classified as meeting standards pertaining to ethics.
When an organization meets these standards, it is considered to have stuck to
principles of ethics. If it does not, it is not considered to have meet the ethics
standards set out by the industry. this of course, does not mean that the
organization is unethical, but it is just that it fails to meet ethics standards.
MEETING ORGANIZATIONAL
ETHICS STANDARDS
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5. The components against which an organization is defined as meeting the
ethics standards are set out by the respective industry. this is a product of
thinking that has been evolving for a long time. A result of the experiences in
the industry; ethics standards in organizations are a measure of how highly or
lowly they need to be rated in terms of being ethical and compliant with rules.
NetZealous LLC Ethics and Compliance Training offers complete insight into
all the areas of ethics in business. NetZealous LLC Ethics and Compliance
Training is a great guide for organizations and individuals to get started with
ways of being ethical and compliant. These are the areas in which NetZealous
LLC Ethics and Compliance Training is offered:
WHAT ARE THE ETHICS STANDARDS
THAT ORGANIZATIONS ARE
EXPECTED TO MEET?
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6. One of the most important aspects of ethics in business is avoiding conflict
of interest. A person who works for an organization that is in medical devices
and also owns an organization that is in the same business is definitely
committing conflict of interest. It is to avoid situations such as this that
NetZealous LLC Ethics and Compliance Training is offered to organizations.
AVOIDING CONFLICT OF
INTEREST
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7. It goes without saying that fair dealing is a prerequisite of business ethics.
Dealing fairly means being impartial to all the parties involved in a deal.
Favoring one over the other or working secretly against any of the parties is a
business standard that is expected of an organization or individual that
practices fair dealing. NetZealous LLC Ethics and Compliance Training gives
insights into how to deal with parties fairly, and what is considered unfair
dealings and how to avoid them.
DEALING FAIRLY
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8. Sensitive information lies at the heart of any business organization. Any
leakage of this vital information can cause havoc to an organization. There
have been many instances in which this has been done by individuals who are
in the midst of information security. Avoiding this kind of information
leakage by being compliant with regulatory requirements in this regard is a
hallmark of ethics and compliance. NetZealous LLC Ethics and Compliance
Training offers complete understanding of how to safeguard information
security. Its trainings have helped organizations avoid leakage of security
information.
DEVELOPING LEAK-PROOF
INFORMATION SECURITY
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9. Insider trading is a dangerous activity that involves manipulation of a
company’s trading on the stock exchanges. It is the act of revealing sensitive
information about an organization by a person who has access to this
information. This divulging of information is of course, made for gaining
rewards. This is considered unscrupulous because it gives the competitor
unfair advantage by having information about the organization’s business
decisions. Insider trading is usually carried out by high level executives of an
organization, as it is they who have information at that level or access to it.
The most notorious case related to the Galleon Group, founded by Sri
Lankan-American businessman Raj Rajaratnam, his brother Rengan
Rajaratnam, Anil Kumar and Rajat Gupta in the late 2000’s. NetZealous LLC
Ethics and Compliance Training has complete details of how organizations
can detect and avoid insider trading.
ELIMINATING INSIDER TRADING
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10. This is a very important element of corporate ethics. This involves the
responsibility of having to disclose material information with a company
board to all its investors at the same time. Suppressing some information to
some people constitutes unethical practice, because selective disclosure means
some investors have received information about the company’s investment
ahead of others, enabling them to take important investment decisions. This
practice was brought into effect by the Regulation Fair Disclosure passed by
the US Securities and Exchange Commission in 2000. NetZealous LLC Ethics
and Compliance Training offers organizations and individuals the learning
needed to understand fair disclosure and ways of avoiding it.
MAKING FAIR DISCLOSURE
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11. Individuals have the right to form or join any political party. Political parties
taking the support of political parties is a fairly common practice in most
countries, but when they are seen to be associated with tainted political
figures, their reputation takes a hit and their business suffers. NetZealous LLC
Ethics and Compliance Training helps organizations understand the laws and
rules relating to businesses and political parties.
POLITICAL AFFILIATION
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12. It is important for organizations or their top management to not only prevent
ethics violations, but to also take preventive actions to ensure that they do not
happen again. An organization that does not report ethics violations to the
authorities is as guilty as an organization or individual that has carried out the
violations. NetZealous LLC Ethics and Compliance Training helps
organizations understand the classification of ethics violations and ways by
which to report them.
REPORTING OF VIOLATIONS IN
ETHICS TO THE RELEVANT
AUTHORITIES
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13. There are many regulations concerning workplace
safety and prevention of violence. An organization
that does not take steps to implement these is
considered unethical, because such behaviors can
have serious repercussions on the state of the
employee’s wellbeing. There are several workplace
safety regulations such as OSHA, which have to be
implemented by organizations. Many legislations also
relate to guaranteeing a safe workplace. NetZealous
LLC Ethics and Compliance Training is a good
means to understanding ways of implementing the
relevant provisions of these legislations.
PREVENTING WORKPLACE VIOLENCE
AND ENSURING WORKPLACE SAFETY
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14. When an organization has alcoholic employees in
its midst; there are bound to be problems for the
individual, the other employees, as well as the
management. Any organization has to take care to
ensure that no alcoholic employee takes up
employment in the first place. If this cannot be
avoided, the organization, especially HR, has to
make sure that that alcoholic does not come to
work after consuming alcohol and does not create
problems for others. NetZealous LLC Ethics and
Compliance Training has some of the best experts
in the field of HR, who will impart understanding
and training on the ways to avoid hiring an
alcoholic employees and ways of dealing with one.
PREVENTING ALCOHOL ABUSE
FROM EMPLOYEES
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15. Many countries of the world practice the principle of laissez faire, or fair trade.
The laissez faire principle was born in the spirit of the French Revolution. In
business, it roughly means allowing for free competition. This is the
foundation of the business ethics of many democratic countries such as the
US, the UK, Australia, and so on. However, some businesses carry out
practices that undercut and undervalue the spirit of competition. This hurts
the economy as well as the consumer. It militates against this slogan. Signing
agreements that curtail competition, forming cartels, predatory pricing,
practicing unacceptable behaviors, and manipulating the market power are
some of the unethical practices associated with anti-competitive conduct.
NetZealous LLC Ethics and Compliance Training is the solution to these
problems. Its ethics trainings offer complete knowledge of how to avoid these
practices and ways of detecting them.
PRACTICING ANTI-COMPETITIVE
CONDUCT
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16. Discrimination against an employee in any way relating to the person’s color, race,
nationality, religion, sexual orientation, physical condition and many other aspects
is strictly illegal in the US. There are a number of laws that make discrimination
on these grounds illegal. It is also illegal to harass an employee for these or other
reasons. All these are strictly spelt out by relevant laws. Title VII of the Civil
Rights Act of 1964, according to which it is illegal to discriminate in employment
on the basis of color, race, ethnicity or sex; the Age Discrimination in
Employment Act (ADEA), according to which an employer cannot discriminate
against employees who are 40 years of age and older; and the Americans with
Disabilities Act (ADA), according to which it is illegal to discriminate against
people with disabilities, are just some of these Acts.
NetZealous LLC Ethics and Compliance Training offers full knowledge of these
Acts and helps employees and employers understand the meaning of these laws
and ways of implementing them, so that the organization does not invite legal
action.
NOT DISCRIMINATING AGAINST
AND/OR HARASSING
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17. FOLLOW US
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