Category: Ethics

The presidency of Franklin D. Roosevelt began on March 4, 1993 (when he was assumed presidency as the 32nd President of the United States) and ended on April 12, 1945 (upon his death). Roosevelt assumed the presidency during the Great Depression. He introduced New Deal program for relief (government jobs for the unemployed), recovery (economic growth) and reform (regulation of transportation, bank and Wall Street). It involved expansion of the role of federal government in the economy. His leadership created many programs to support farmers and the unemployed, regulate business and high finance, and encourage growth of labor union (Abbott, 1990).

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Ethical behaviour in organisations is systematically developed and monitored by most corporate leaders in the Asia-Pacific region. In supporting ethical and moral practice and decision making, most companies construct a code of ethical conduct, in which organisational behaviour is regulated. However, many companies need to engage in effective ethical training to establish and foster a comprehensive corporate culture which supports ethical values and practice. Role-modelling of leaders and top-management, transparency and disclosure of the business practice but also a sense of diversity within the company can facilitate the ethical standards (McShane & Travaglione 2007).

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