Business Ethics Consultants Key Terms

Learn about services offered by business ethics consultants
By Terri Deno Business ethics consultants are important to have in business. They are essential for businesses that strive to maintain honest practices between employees and with customer relations. A business ethics consultant can provide many services including research, studies and training to meet the ethical standards put forth in the business model. A business ethics consultant can also provide assistance in creating, developing and implementing a new set of ethical standards for any type of business.

Due diligence

Due diligence is a process used to evaluate an opportunity for an organization. This evaluation can be for the ethical standards an opportunity provides when businesses are looking to merge or invest in another company. A consultant can provide support when using due diligence.
Try:  Santa Clara University provides an example of combining ethics and due diligence to make important business decisions.

Corporate social responsibility (CSR)

Another service of business ethics consultants is the ability to help a business achieve a specific level of corporate social responsibility. This is a process of a business working aspects of self-regulation into the business model for meeting the legal and ethical standards of the industry.
Try:  Robert Stavins has written a blog on The Huffington Post that talks about corporations making an effort to attain social responsibility in business practices.

Ethical assurance

Ethical assurance is an evaluation of the standards of ethical practice in a business. Businesses can set up guidelines for ethical assurance with the help of a consultant.
Try:  The Accountability Rating provides standards for businesses to meet. A consultant can use this to rate the ethical assurance of a business compared to other businesses around the world.

Ethical investing

Ethical investing is a way for businesses to invest corporate funds into secure, profitable and ethical opportunities. A consultant can provide a business with a number of resources to find ethical investments.
Try:  Ethical Investing provides information on ethical investing and resources to find honest investments for businesses.

Institute for Global Ethics

The Institute for Global Ethics is a nonprofit organization that promotes the practice of making ethical decisions for individuals, groups and businesses. The organization also provides services to assist businesses and groups in implementing ethical standards.
Try:  Learn more about the Institute for Global Ethics at its website.

Business ethics training

Business ethics training is a program provided by many business ethics consultants that provides specific training techniques for employees. Topics covered include understanding and implementing the ethical standards of the particular business.
Try:  Peak Ethics provides the specifics on tailoring a business ethics training program for any type of business.