"Ethics, Values and Integrity"
Ethics, Values and Integrity By Meg Clifford and Luke Fuszard Ethics vs. Morality • What’s the difference? • Is one superior to the other? Doing the “Right Thing” • Is the right thing the same in China? • Saudi Arabia? • Russia? Sources of Ethics • Mom and Pop/Family • Friends • School • Religion • Culture • Government • What are some other sources of ethics? Some Ethical Theories… Plato’s Ideal Society • Philosopher Kings (Gold) • Auxiliaries (Silver) • Artisans (Bronze) Aristotle • Happiness –A sound life in accordance with reason • Virtue –Neither excess nor deficiency Utilitarianism • The greatest good for the greatest number • Hedonic Calculus • Principle of utility Nietzsche • Always act as if you were doomed to repeat life forever Kant • Always act as if your actions were to become a universal maxim Ethical Checklist • Facts • Issues • Stakeholders • Alternate possibilities Some examples… WorldCom • Overestimated earnings by $3.8 million • Laid off 17,000 employees • Stock dropped from over $64 to under one dollar • Former CEO received $366 million in low interest loans Martha Stewart • Allegedly sold stock on inside trading information provided by Merrill Lynch If you know the right thing to do… Will you do it? Case Study #1 • You are the Treasurer of an organization… Case Study #2 • You are the New Member Selection Chair… Share your own moral dilemma • What did you do? • What would you have done differently? WIN AS MUCH AS YOU CAN WIN AS MUCH AS YOU CAN Reflections… • What did we learn? • How can we relate this exercise to our own lives/organizations? • What kind of thoughts were going through your head? Any questions?