What are relavancy of rwanda moral standards with business ethics in social economic development?
Answers
Building an effective ethics management system is an ongoing effort, not a one-time project. Even in countries with well-developed economies and government institutions, ethics management systems undergo frequent revisions. For example, at the federal, state, and local government levels in the United States, ethics reform is a continuous process. The current generation of federal ethics measures includes the Ethics Reform Act of 1989; the Honest and Open Government Act of 2007; various presidential memoranda on pay freezes, transparency, and open government; and a recent Executive Order on Presidential Records. In addition, all states have ethics commissions or oversight agencies and have laws requiring local governments to enforce ethics laws and regulations. In the business sector, the widespread impact of corruption and unethical practices in recent years has led to the enactment of far-reaching federal laws to curb such abuses. One prominent example is the Sarbanes-Oxley Act of 2002, enacted in response to several major accounting scandals involving Enron, Tyco International, Adelphia, Peregrine Systems, and WorldCom.