Comprehensive Ethics Audit: Process, Benefits, and Employee Views

This presentation provides a comprehensive overview of ethics audits, defining their purpose, the need for them, and the potential benefits. It explores the steps involved in conducting an ethics audit, including establishing a foundation, developing metrics, and assembling a functional team. The presentation uses Starbucks as a case study to illustrate how ethics audits are applied in practice, highlighting areas such as company values, code of conduct, and risk assessment. Furthermore, it examines the findings of an ethical audit from an employee perspective, focusing on working conditions, wages, and fair treatment. The conclusion emphasizes the importance of ethics audits in upholding ethical promises, preventing scandals, and building stakeholder confidence. The presentation also includes references to relevant sources, providing a foundation for further exploration of the topic.

Ethics Audit

Hello!
I am <insert name here>
I am presnet before you to
let you know about the
different aspects of Ethics
Audit.
2

1. Ethics Audit
What does it mean?

“ Ethics Audit refer to the
audits undertaken to
judge whether or not an
organization is following
their ethical codes/
values/codes of conduct,
which have been set by
the company itself.
4

Summary
▪ What ethics audit is and what it
encompasses would be the first focus of
discussion.
▪ The discussion would then cover the
manner in which an ethics audit is to be
undertaken.
▪ Lastly, the discussion would highlight
what all can be found from such audits,
particularly when undertaking it from
employees perspective.
5

Need
for
ethics
audit?
Why do we need to do
it?
6

Purpose of Ethics Audit: Ensuring transparency
7
Identification of relevant ethical issues
Reviewing and accessing adequacy of present practices
Designing practical strategies for modification of present
practices
Monitoring quality assurance strategy implementation

What would Ethics audit
save us from?
Any ethical scandal could be avoided
by undertaking regular ethics audit.
Some famous examples include:
▪ Facebook- Data breach
▪ Tesla- False and misleading
information (Jaeger, 2018)
▪ Samsung- Bribery charges (Shen,
2017)
8

Pros and Cons of Ethics Audit
Pros
▪ Takes cost, resources
and time of company
▪ Can be easily done
through financial audit
▪ Timely corrective
steps saves image of
company
▪ Maintains faith of
stakeholders of
company by making
timely interventions
Cons
▪ Error finding and
taking corrective
measures
▪ Highlights loopholes
left in financial audit
▪ Reputational
damages are costly
in long term
Decision?
▪ Fine line between
ethics and law, which
is often misused
▪ Ethical obligations
different from legal
ones
▪ Need Ethics Audit to
win stakeholder
confidence
9

Ethics Audit: Benefits of an Ethics Audit 10

2. How to undertake
Ethics Audit?
I know what it is, but how to do it?

Steps to undertake Ethics Audit
1. First step
Beginning through
a comprehensive
foundation
2. Second step
Developing clear
metrics
3. Third step
Creating a proper
functional team
12
4. Fourth step
Undertaking the
audit effectively
5. Fifth step
Keep an eye on
possible other
issues
6. Sixth step
Consistently
responding and
undertaking proper
communication