Managing Common Business Ethics Issues
- To Avoid Antitrust Issues at Trade Shows
During trade shows, it is best to make sure your ID is on display at all times. You don’t want to be accused of trying to trick competitors into giving out confidential information. At the same time, make sure that anyone you’re talking to has their ID displayed. You don’t want to fall victim to any foul play. Lastly, steer away from any conversation about prices.
- Don't Fall for the Bribe
In business dealings, whenever someone offers a shortcut, always take a step back and make sure it doesn’t violate any bribery laws. Remember, if it sounds too good to be true, it probably is.
- Disclose Potential Conflicts of Interest
For example, if you’re part of a decision-making committee that’s about to enter sales negotiations with a company where a relative is employed, disclose your familial connections at once to your HR, legal and/or compliance department. Then drop out of the committee to help reduce the risk of conflicts of interest.
- Beware of What You Give
When dealing with inspectors or government officials, be careful that a friendly attitude won’t be mistaken for something else. For example, you and a safety inspector might really get along. But if you, say, lend him a book, he could think you’re trying to buy special treatment, especially when your company’s up for a safety inspection.
- Respect Company Assets
Photocopying a page or two for personal use? Taking a pen here or there? You may justify these things in various ways, but these acts are ethical violations all the same. Whether it’s a company car, a credit card, a computer, or even a mouse pad, they are company assets; taking them is tantamount to stealing.