MGM101H5 Chapter Notes - Chapter 6: Corporate Social Responsibility, Ponzi Scheme, Whistleblower

• School: UTM
• Department: Management
• Course: MGM101H5
• Professor: Dave Swanston

Document Summary

Ponzi scheme: type of investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ethics: reflection of moral principles or beliefs about what an individual views as being right or wrong. Board of directors: term for governing body of corporation, comprising individuals chosen or elected to oversee management of organization. *check pg 130 for steps / zones of decision making* Whistleblowing: process thru which an individual informs someone in authority of dishonest act or dishonest behaviour of another person. Code of conduct: names for a statement that describes the required responsibilities, actions, and rules of behaviour of organization"s employees. Forensic accounting: integration of accounting, auditing and investigative skills. Corporate social responsibility: understanding that purpose of organization is to create shared value (business and society) by strategically integrating into its actions a partnership mentality with society where objectives of both parties are met.