Question:

• Individuals structurize corporation,

who shall be responsible for unethical
actions? Individual or Corporation. It is
just like machines not individuals in
case of mechanical accidents.

• Enron-Arthur Andersen case(2002)

Theory of Ethical Relativism
Multinationals Multi- societies
different ethical beliefs
Different Concepts of Right and
Wrong Multiplicity of moral
codes No one "right" answer
to ethical questions.
Result When in Rome, do as the
Romans do (There are NO absolute
Standards).
 Philosopher James Rachel's &
Ethical Relativism
• Dis-agreements even in proven
scientific matters from society to
Society.
• The Example of Flat earth.
• Evil Spirits are pathogens.
• Why should we assume that, if
ethical truth exists, everyone must
know it?'
 Moral Developments and
Moral Reasoning
• We sometimes assume that a person's
values are formed during childhood and do
not change .
• In fact, a great deal of psychological
research, as well as one's own personal
experience, demonstrates that as people
mature, they change their values in very
deep and profound ways.
• Just as people's physical, emotional, and
cognitive abilities develop as they age, so
also their ability to deal with moral issues
develops as they move through their lives.