State the nature and purpose of the mode of ethics management (MEM) in which ethical behaviour is detected in a company and good conduct is recognised (rewarded).
The nature of the mode of ethics management (MEM) where ethical behavior is detected and recognized is to encourage and promote a culture of ethics within the company. The purpose of this mode is to ensure that employees adhere to ethical standards and values, creating a positive work environment where honesty, integrity, and responsibility are valued.
By detecting and recognizing ethical behavior, the company is able to reinforce the importance of ethics in decision-making and actions. It also serves as a way to inspire and motivate employees to continue behaving ethically and making moral choices in their work.
Rewarding good conduct in this mode of ethics management can come in the form of public recognition, awards, bonuses, promotions, or other incentives that acknowledge and appreciate employees for their adherence to ethical principles. This helps to create a sense of accountability and responsibility among employees, leading to a more ethical and trustworthy company culture.