Anti-Corruption Practices and Implementation Mechanisms of the Fortune Global 500 as an Answer for an Ethical Values Crisis - Research Results

From the Aristotelian perspective, the global crisis of the recent years is an example of what the business ethics could be, but, to the great extent, it isn't. In this paper, the authors formulate a thesis that the corruption scandals of the last decade are not only one of the causes of the global economic crisis, but it is also the source of a much more deep and serious crisis of moral values of contemporary enterprises. The moral dimension of the global crisis has resulted in a crisis of social trust towards corporations and their leaders. The authors of the presented article firstly discuss the relationship between business ethics and organizational crisis, and then analyze the practices and mechanisms of the anti-corruption policies of Fortune Global 500 companies, which seems to be evidence for their following the 10th Global Compact Principle.In the conclusion, the authors propose a list of necessary actions that should be realized for building a framework for legal and ethical behaviors of the modern organization and its members.