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Transparency implies openness, communication, and accountability. Transparency is practiced in companies, organizations, administrations, and communities. [ 1 ] For example, in a business relation, fees are clarified at the outset by a transparent agent, so there are no surprises later.
In a blame culture, problem-solving is replaced by blame-avoidance. Blame shifting may exist between rival factions. Maintaining one's reputation may be a key factor explaining the relationship between accountability and blame avoidance. The blame culture is a serious issue in certain sectors such as safety-critical domains.
Accountability, in terms of ethics and governance, is equated with answerability, culpability, liability, and the expectation of account-giving. [ 1 ] As in an aspect of governance , it has been central to discussions related to problems in the public sector , nonprofit , private ( corporate ), and individual contexts.
Otherwise said, companies must focus on the ethics of employees in order to create an ethical business. Employees must know the difference between what is acceptable and unacceptable in the workplace. These standards are found in the written code of ethics or may be referred to as the employee handbook. These standards are a written form of ...
Disclosure and transparency: [20] [21] Organizations should clarify and make publicly known the roles and responsibilities of board and management to provide stakeholders with a level of accountability. They should also implement procedures to independently verify and safeguard the integrity of the company's financial reporting.
Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper. [citation needed]