IBUS1101 Lecture Notes - Lecture 4: Operation Car Wash, International Trade, Data Mining

• School: University of Sydney
• Department: International Business
• Course: IBUS1101
• Professor: Sidney Gray

Document Summary

Lecture 4 (29/3/18) corporate governance, ethics, social. Et of relatio(cid:374)ships (cid:271)et(cid:449)ee(cid:374) (cid:272)o(cid:373)pa(cid:374)(cid:455)"s management, its board of directors, its shareholders and other stakeholders. Provides structure through which objectives of a company + means of attaining them + monitoring performance are set. Provides means through which firms undertake ethical behaviour, csr and sustainability. Implementing appropriate conduct hard for mne (operating in many countries) use of third-party suppliers and contractors (can behave badly) Ethics, csr, sustainability increasingly incorporated into framework of company. Inappropriate conduct: falsify/misrepresent contracts, pay or accept bribes, tolerate sweatshop conditions or abuse employees, false advertising/deceptive marketing, undertake activities harmful to natural environment. Trust rise in china: +3% in ngos, +7% in business. Employees are trusted in many countries around the world (us, china, india) Un (cid:862)glo(cid:271)al co(cid:373)pa(cid:272)t(cid:863) voluntary cs initiative (4000 corporate members: human rights, labour, environment, anti corruption. G20/ oecd (organisation for economic co-operation and development: set guidelines of the principles of corporate governance.