Business Ethics Assignment - Ethisphere institute

Annotated Bibliography: Ethisphere Institute 1

Business Ethics

Submitted by

Anas Qawasmeh

B00053700

To

Professor

Mary Kay Klien

On

2nd/March/2016

Verschoor, Curtis C.. (2008). Audit Committee Essentials. Wiley. Retrieved 1 March 2016, from http://www.myilibrary.com?ID=137421

This book, Audit Committee essentials, is primarily concerned with necessities of the individuals who have no legal knowledge or preparation in any case that has to do with the constantly changing governance requirements and audit committee’s demands. Later on in the book, the talking point brings up the Ethisphere institute by giving a brief introduction about it and from whom does it consist, then it brings up how business ethics can help businesses become more profitable. Here, Ehtisphere institute proposes five reasons why Ethics make businesses more profitable. The reason behind that is that ethical businesses attract and keep customers, they build and demand employee loyalty, attract investors, support easy brand extensions, and minimize cost. In all, this source will show the effort that Ethisphere institute has put to research on and prove how Ethics are beneficial and even profitable for the businesses. The importance of Ethisphere institute here is that it became, to the Audit Committee, an important resource for conduct, ethics, and the effect of ethics on businesses.

Ethisphere Announces the 2015 World’s Most Ethical Companies. (2015, March 9). Business Wire. Retrieved March 1, 2016, from http://www.businesswire.com/news/home/20150308005024/en/Ethisphere-Announces-2015-World’s-Ethical-Companies

This source is an online news article that is concerned with the announcement of 2015 world most ethical companies. These awards are based on ethical business practices, public trust, and good company performance. This article is published by Business Wire online press, and it begins with explaining who gives this award, to whom it’s given, and how many parties can receive it. Then, the article goes on with a quotation from CEO of Ethisphere institute that shows understanding of the complex challenges and dilemmas that companies face and struggle with, while maintaining their ethical principles and values during times of complications and no clear guide to what is ethical. Then the article moves on to talk about the winners of the awards, and what made them win. Then it explains the criteria of who can win, which is based on the Ethics Quotient. The importance of this source is that it shows that the Ethisphere Institute understands how hard ethical dilemmas can be for some companies, and that’s why they reward certain companies. Also, the source is important to understand how the Ethisphere institute chooses which companies are ethical and transparent.

P. (Producer). (2011, September 13). PepsiCo and Ethisphere discuss business ethics and responsibility [Video file]. Retrieved February 29, 2016, from https://www.youtube.com/watch?v=wggYMMGarJE

Here, an interview is conducted by a managing Director from Ethisphere institute with the Director of Sustainable Development at PepsiCo, on the celebration of selecting PepsiCo as the most ethical company for the year 2011, which happens to be the fifth year in a row. The director from PepsiCo, talks to the interviewer about the company's culture, ethics, and values. The director explains PepsiCo’s values and ethics by explaining Pepsi’s values statement as “Delivering sustained growth, through empowered people acting with responsibility and trust”. Afterward, the interviewer asks about the word “responsible” specifically. Moreover, the discussion moves to what does responsibility means to a company like PepsiCo, in which the director explains how responsibility has to be embedded in the business to keep in mind what’s good for the business and what good for the society. Then, the interview goes on to talk on the topic of how business ethics are essential for maintaining a successful and profitable business practices. In all, the real essence of this interview is to show how Ethics are important, how the Ethisphere institute celebrate it, and how worldwide companies are proud of winning such awards.

TIAA-CREF; TIAA-CREF named as a 2015 world's most ethical company by the Ethisphere institute. (2015). Investment Weekly News, , 651. Retrieved from http://ezproxy.aus.edu/login?url=http://search.proquest.com/docview/1664258664?accountid=16946

This journal article is about a financial services company called, TIAA-CREF, that received the award of world’s most ethical company for 2015. It explains how this company practiced its financial businesses while maintaing its ethical standards and transparency. Moreover, the sources discusses how the company insisted in all situations to maintain its integrity and conduct with its customers, and how that will contribute positively on the company. Next, the source explains the methodology that was applied in selecting the company; to explain, the article explains what the Ethics Quotient (EQ) is, how was it developed, and what does it measure. Moving on, the source clarifies the categories that are included in the EQ assessment, and what are the weights placed on each category. All in all, the main goal behind this source is to help in showing that the Ethisphere institute has certain demanding standards, and it only recognizes the companies that are worthy of being recognized.