GOVN 400 Lecture 4: Unit 4
Unit 4
o Cadbury principles
The British developed this code in 1992 in response to a number of
governance failures; it laid the foundation for ethical behaviour and
transparency in financial reporting. The Cadbury framework provides
recommendations to ensure transparency, accountability, and ethical
behaviour. While compliance is not mandatory, all publicly-traded
corporations on the London Stock Exchange are expected to declare their
compliance, or explain why they do not comply.
o corporate social responsibility
Corporate social responsibility (CSR) is a business approach that contributes to
sustainable development by delivering economic, social and environmental benefits for all
stakeholders. CSR is a concept with many definitions and practices.
o social licence
A related concept is that of “social licence,” created by gaining the support of
communities and various partners in the approval process of a project and
maintained by ongoing social acceptance of a project. Gaining approval
requires an open dialogue with all those that a project might impact, which
takes time.
o sustainability
o triple bottom line
o United Nations Global Compact
The United Nations Global Compact is a United Nationsinitiative to encourage
businesses worldwide to adopt sustainable and socially responsible policies, and to report
on their implementation.
o What role does the Cadbury Code play in private sector governance?
o Compare and contrast the concepts of corporate social responsibility and
social licence? How are they similar? How are they different?
o Critique the concept of triple bottom line. How does it fit with the concept
of sustainability?
o How does the concept of servant-leader fit with the concept of authenticity
and the changing paradigm of leadership?
1) visioning isn't everything, but it's the beginning of everything; 2) listening is hard work
requiring a major investment of personal time and effort - and it is worth every ounce of
energy expended; 3) my job involves being a talent scout and committing to my staff's
success; 4) it is good to give away my power; and 5) I am a community builder.
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
The british developed this code in 1992 in response to a number of governance failures; it laid the foundation for ethical behaviour and transparency in financial reporting. The cadbury framework provides recommendations to ensure transparency, accountability, and ethical behaviour. While compliance is not mandatory, all publicly-traded corporations on the london stock exchange are expected to declare their compliance, or explain why they do not comply: corporate social responsibility. Corporate social responsibility (csr) is a business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders. Csr is a concept with many definitions and practices: social licence. A related concept is that of social licence, created by gaining the support of communities and various partners in the approval process of a project and maintained by ongoing social acceptance of a project.
