
Individuals choose to act ethically or not.
Unethical behaviour is unacceptable and it has its victims.
Ethical theories are normative theories and propose how we ought to, or should, behave.
Such theories, known as moral philosophies, are intended to assist in explaining why a person believes one action is right but another action is wrong.
In developing an understanding of how individuals make ethical decisions, it is useful to have an understanding of ethical theories.
Normative ethical theories do not explain how we actually act or behave.
Rather, they seek to establish principles that guide peoples’ behaviour.
Ethical elitism is one of the classes of the teleological theories of ethical behaviour.
Ethical elitism - under this class of theories, society is viewed as being stratified and ethical behaviour should maximise the interests of only the top stratum, or the so-called elite
The dismissal of the accounts clerk in order to protect the reputation of the CEO would be seen as ethical behaviour by a society which subscribed to ethical elitism
Professor Garry Carnegie - FINANCIAL ACCOUNTING
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