ETHICS INSTITUTIONALIZATION IN ORGANIZATIONS AS THE TOOLS FOR MANAGEMENT OPTIMIZATION AND HUMAN RESOURCES DEVELOPMENT

The paper tackles practical problems of corporate governance and the prospects of their successful solution. It emphasizes the necessity to tend to optimizing management/corporate governance by the means of business ethics while implementing due values in organization life through ethics institutionalization processes. It is also maintained that a new set of knowledge of scientifically-based ethics institutionalization processes and relevant human resource augmentation has recently formed. The potential of people behaviour in a workplace and in social order reconstruction are realized through implementation of ethics infrastructure tools in organizations, enterprises and institutions. The aim of this paper is to prove thoroughly that these means of human resource development, management optimization, improvement of social capital has not adequately grasped yet both by business community and by the public. The matters stands in this way since human resources are often interpreted only quantitatively without taking into account the quality of interpersonal relations system, and the decisive impact of moral environment] in organizations upon human abilities/inabilities, to perform vested functions properly, in socially responsible manner. In modern organizations during the processes of human resource formation or (re) construction the value management is widely implemented, when the values of responsibility, fairness, honesty, integrity, transparency, and trust are emphasized. These values stipulate the environment that promotes realization of human being positive properties and appropriate behavioural habits. It is supposed that acquisition of this knowledge should be purposively accelerated in Lithuania for the sake of management optimization, economic effectiveness and competitiveness of the nation.