Critical Business Asset for Strategic Global Change
Chapter Six: Ethical Issues for Multinational Corporations
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Ethical Issues for Multinational Corporations
In this chapter, we look at various mechanisms business organizations have created or participate in to promote ethical decision-making in spite of the temptation to focus on the bottom line at all cost. These are a focus on creating ethical corporate cultures, participation in global agreements that create ongoing shared commitments to ethical behavior, and mandatory transparency in richly detailed financial reporting.
On April 22, 1903, the building that is home to the New York Stock Exchange at 18 Broad Street opened. Not only is it a US national landmark, but it is also a globally recognized icon of free market capitalism. The pediment is entitled “Integrity Protecting the Works of Man,” the work of the prolific American sculptor John Quincy Adams Ward (see figure 6.1).
Figure 6.1 New York Stock Exchange Façade—Pediment.
← 109 | 110 → In the center is a 22-foot figure of Integrity. Agriculture and Mining are to her left, and Science, Industry, and Invention are on her right. Together these figures represent the sources of American prosperity. The waves on either extreme of the pediment symbolize the ocean-to-ocean influence of the New York Stock Exchange. As a result of the ravages of pollution and flaws in the marble, combined with the 90-ton weight of the statues, the Exchange replaced the marble figures with lead-coated replicas weighing only 10 tons in 1936 (“New York Stock Exchange...
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