CRISTINA SOLIS [email protected] APRIL 21, 2014
Ethics and Corporate Social Responsibility
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What is Business Ethics? -Doing business ethics means providing
reasons for how things ought to be in the economic world. -The
determination about right and wrong.
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Ethical Concerns In the past Ethical issues were less of a
concern to management in return companies were dealing with wrong
doing and unethical decisions. In 2002 a The Sarbanes-Oxley Act law
was put in tact to regulate big companies to oversight the public
accounting firms that audit the financial records for these big
corporations to make sure they were doing their job correctly.
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Failing to make the right decision Ultimately, the costs of
increased governmental oversight and regulation are passed along to
society in the form of higher prices and taxes.
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Ethic Concerns Grows
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Benefits of Ethical Behavior Working without fatal accidents
Eliminating occupational diseases Increasing diversity in the
workplace Increasing the benefits of mining for local communities
Increasing energy A strong ethical Culture is important in the
workplace!
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Corporate Social Responsibility (CSR) CSR emphasizes both in
the responsibility to make money and the responsibility to interact
ethically with the surrounding community Contributions to the
overall economy, job opportunities, and charitable contributions
and service. Organizations measure through social audits.
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The 4 Components of CSR
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Social Responsibility General Public -Public Health Issues
-Protecting the Environment -The business is Sustainable -
Employees -Working in a Safe Environment -Having Equal Job
Opportunities -Not Tolerating any type of Discrimination -No Sexual
Harassment tolerated. Investors -Working in a Safe Environment
-Having Equal Job Opportunities -Not Tolerating any type of
Discrimination -No Sexual Harassment tolerated. The Customer -The
right for the customer to feel safe. -Keeping the customers
informed about the products and services they are receiving. -Give
the Customers the option to choose. -The ability to give feedback
on the service that was provide to them.
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Ways to Improve Ethical Behavior Establish a Code of Ethics for
employees to follow Provide training in ethical reasoning Give
incentives for passing audits Having integrity programs within the
company
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Questions 1. What law was put in place to regulate business to
make sure that the business was working under ethical standards? A.
Glass-Steagall Act B. The Sarbanes-Oxley Act D. Prudent Investor
Act C. Fraudulent Transfer Act 2. Which of the following does the
term Corporate Social Responsibility relate to? A. Ethical Conduct
B. Environmental Practice C. Human Rights & Employee Relations
D. Community Investment E. All of the above Answers: 1.)B 2.
)E
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References "About NBES 2013." National Business Ethics Survey
from the Ethics Resource Center RSS. N.p., n.d. Web. 18 Apr. 2014.
Brusseau, James. "The Business Ethics Workshop, v. 1.0." Flat World
Knowledge. N.p., n.d. Web. 11 Apr. 2014. "Business Ethics and
Corporate Social ResponsibilityAn Anglo American Case Study."
Business Case Studies. N.p., n.d. Web. 16 Apr. 2014. Schermerhorn,
Thomas,, Jr., and John Dienhart. "Strategic Leadership of Ethical
Behavior in Business." Academy of Management Executive 18.2 (2004):
56-66. Web.