The actions of the individual can seem unethical but it can essentially occur in any place owing to the stresses encountered by the business. The recommendations for the managers are proposed below to avoid these issues.
The managers need to factor in the stakeholders. They need to consider all the people in the company and not only focus on the investors.
There must be careful weighing of the situation. The managers must primarily follow the mandates of the law.
There must be transparency and procedural justice. The ethics of duty is focused on ensuring that the managers and the management remain truthful.
Some of the recommendation to the managers is detailed below:
The credibility of the company leads to the long-term sustenance. The managers must focus on developing credibility in the operations to develop this future growth.
The system of ethics and certain tenets associated with ethics does not change. This must be factored in all of the processes of the company.
The management of the company must develop their corporate governance. This will cause a trickle-down effect and prevent malfeasance.
These are some of the recommendations that are proposed to the managers. Apart from this, the managers need to balance between absolute ethics and relative ethics to strike a balance between self-preservation and collective growth of the society.