1. Emphasize mutual benefits in customer, vendor, client, and community relationships
2. Employees take responsibility for company actions
3. A sense of purpose or vision valued and used by employees in their work
4. Emphasize fairness in the treatment of employees, customers, vendors, and clients

A congressional act passed in response to illegal and unethical behavior by managers and executives. The act sets stricter rules for business; especially accounting practices including requiring more open and consistent disclosure of financial data, CEOs’ assurance that the data is completely accurate, and provisions that affect the employee-employer relationship.

1. HRM practices must result in the greatest good for the largest number of people
2. Employment practices must respect basic human rights of privacy, due process, consent and free speech
3. Managers must treat employees and customers equitably and fairly