COMMERCE 1E03 Chapter Notes - Chapter 5: Corporate Social Responsibility, Federal Accountability Act, Cibc World Markets
30 Jan 2017
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Example of canadian companies caught in scandals: livent, cibc world markets, nortel, Westjet had spied on air canada"s confidential website for reservations. Elections 2011, some households received phone calls directing to wrong polling stations ( if they were not supporting conservatives) Options backdating - altering date a stock option was granted, usually to an earlier date, when the stock price was lower. Legality is laws written to protect from fraud theft and violence. Ethics - standards of moral behaviour, behaviour accepted by society as right vs wrong. Many sources state basic moral values from all cultures : integrity, respect for human life, self- control, honesty, courage, self-sacrifice, while cheating, cowardice and cruelty are wrong. Ethics begins with each person"s behaviour in daily lives. Studies show a strong relationship between academic dishonesty of undergraduates and dishonesty at work. How will it make me feel about myself. People learn standards and values from observing what others do.
