Ethics and moral codes in business

Business scandals involving financial irregularities, exploitation of foreign workers, discrimination, environmental damage or misleading customers on a grand scale can be enough to sink a company. Whatever the size of your business, drawing up a code of ethics can help you avoid any moral slips and let your customers and trading partners know you take the way your company behaves seriously.

Moral relativism may be any of several philosophical positions concerned with the differences in moral judgments across different people and cultures. Descriptive moral relativism holds only that some people do in fact disagree about what is moral; meta-ethical moral relativism holds that in such disagreements, nobody is objectively right or wrong; and normative moral relativism holds that because nobody is right or wrong, we ought to tolerate the behavior of others even when we disagree about the morality of it.

Not all descriptive relativists adopt meta-ethical relativism, and moreover, not all meta-ethical relativists adopt normative relativism. Richard Rorty, for example, argued that relativist philosophers believe "that the grounds for choosing between such opinions is less algorithmic than had been thought", but not that any belief is as valid as any other.^[1]

Moral relativism has been debated for thousands of years, from ancient Greece and India to the present day, in diverse fields including philosophy, science, and religion.

Treat Customers Fairly

Always be fair and completely transparent with your customers. Pledge to go above and beyond what is legally required of you. Make sure your customers have access to all the information they need prior to making a purchase or signing a contract with you and offer continued support throughout your relationship with them. State a clear returns policy if you run a shop and make any additional charges, such as credit card processing fees or shipping costs, clear on itemized invoices or receipts.

Avoid Exploitation

As well as making sure you're paying your direct employees a living wage as opposed to the minimum wage, you should make sure you're not dealing with any suppliers or contractors who could be exploiting workers in other countries. Pledge to fully investigate any business you deal with on foreign soil. Don't just accept a company's word that it adheres to local laws and minimum wage legislation. Send a team to visit the premises of any firm you deal with to make sure its workers are not being exploited.

Diversity

Develop an equal opportunities policy to make sure you have a diverse work force and foster a culture that welcomes contributions from people of different backgrounds. Take a zero-tolerance approach to discrimination on the grounds of race, religion, gender, sexual orientation and disability in every aspect of your business.

Gifts, Gratuities and Kickbacks

Make it a major offense for any of your staff--up to and including board level--to accept any form of gift or payment over a certain value from clients, customers or suppliers. Any gift below the level you set should be declared in writing to your human resources department. The level you set is a matter for your own discretion. It should also be an offense warranting dismissal for any of your workers to offer a payment to any policy-maker that has influence in your industry area.

Sustainability

Avoid dealing with other businesses that engage in activities that could be damaging to the environment. You should also commit to reducing your firm's carbon footprint and a recycling program.

Moral relativism may be any of several philosophical positions concerned with the differences in moral judgments across different people and cultures. Descriptive moral relativism holds only that some people do in fact disagree about what is moral; meta-ethical moral relativism holds that in such disagreements, nobody is objectively right or wrong; and normative moral relativism holds that because nobody is right or wrong, we ought to tolerate the behavior of others even when we disagree about the morality of it.

Not all descriptive relativists adopt meta-ethical relativism, and moreover, not all meta-ethical relativists adopt normative relativism. Richard Rorty, for example, argued that relativist philosophers believe "that the grounds for choosing between such opinions is less algorithmic than had been thought", but not that any belief is as valid as any other.^[1]

Moral relativism has been debated for thousands of years, from ancient Greece and India to the present day, in diverse fields including philosophy, science, and religion.

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