AFM131 Chapter Notes - Chapter 5: Corporate Social Responsibility, Triple Bottom Line
14 Jun 2018
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Chapter 5
Ethics: Standards of moral behaviour that are accepted by society as right versus
wrong.
Compliance Based Ethics Codes: Ethical standards that emphasize preventing
unlawful behaviour by increasing control and by penalizing wrongdoers.
Integrity Based Ethics Codes: Ethial stadards that defie the orgaizatio’s
guiding values, create an environment that supports ethically sound behaviour,
and stress a shared accountability among employees.
Whistleblowers: People who report illegal or unethical behavior.
Corporate Social Responsibility: A usiess’s oer for the elfare of soiety.
Corporate Philanthropy: Dimension of social responsibility that includes
charitable donations.
Corporate Social Initiatives: Dimension of social responsibility that includes
enhanced forms of corporate philanthropy that are more directly related to the
opay’s opeteies.
Corporate Responsibility: Dimension of social responsibility that includes
everything from hiring minority workers to making safe products.
Corporate Policy: Dimension of social responsibility that refers to the position a
firm takes on social and political issues.
Insider Trading: An unethical activity in which insiders use private company
information to further their own fortunes or those of their family and friends.
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Document Summary
Ethics: standards of moral behaviour that are accepted by society as right versus wrong. Compliance based ethics codes: ethical standards that emphasize preventing unlawful behaviour by increasing control and by penalizing wrongdoers. Integrity based ethics codes: ethi(cid:272)al sta(cid:374)dards that defi(cid:374)e the orga(cid:374)izatio(cid:374)"s guiding values, create an environment that supports ethically sound behaviour, and stress a shared accountability among employees. Whistleblowers: people who report illegal or unethical behavior. Corporate social responsibility: a (cid:271)usi(cid:374)ess"s (cid:272)o(cid:374)(cid:272)er(cid:374) for the (cid:449)elfare of so(cid:272)iety. Corporate philanthropy: dimension of social responsibility that includes charitable donations. Corporate social initiatives: dimension of social responsibility that includes enhanced forms of corporate philanthropy that are more directly related to the (cid:272)o(cid:373)pa(cid:374)y"s (cid:272)o(cid:373)pete(cid:374)(cid:272)ies. Corporate responsibility: dimension of social responsibility that includes everything from hiring minority workers to making safe products. Corporate policy: dimension of social responsibility that refers to the position a firm takes on social and political issues.
