State any one compliance mechanism that a business can establish in order to ensure that decisions are taken as per ethical standards.
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Even among those who believe they know ethics, there is not total agreement on the meaning of the terms that are used.
Below are some ethics terms used on this website and in publications of the Ethics Research Center, the research arm of ECI. Many of the definitions come from our own files, but we have also tried to indicate where a definition is derived from another source.
ECI has also compiled a list of the definitions of values typically used in codes.
Agency
Belief that one has the power to enact change. Agency is a critical component in reporting decisions because most people will only report if they believe their action has the potential to make a difference.
Aspirational
A strong desire to achieve something high or great. An aspirational code would be intended to reach a higher standard of “doing what is right,” superseding mere compliance with what the law mandates.
Benchmarking
The process of comparing to established “best practices,” peer organizations or even past results in order to better understand strengths, challenges and progress made.
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