MGM101H5 Chapter Notes - Chapter 6: Corporate Social Responsibility, Ponzi Scheme, Whistleblower
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MGM101H5 Full Course Notes
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Document Summary
Chapter 6 notes ethics and corporate social responsibility. Ponzi scheme; investment fraud that involves payment of purported returns to existing investors from funds contributed by new investors. Ethics; reflection of moral principles or beliefs about what individual views as being right or wrong. Board of directors; governing body of corporation, comprising individuals chosen or. Integrity; honesty, reliability, ethics, moral judgement elected to oversee management of organization. Code of conduct; name for statement that describes required responsibilities, actions, and rules of behavior of organization"s employees. Forensic accounting; integration of accounting, auditing, and investigative skills: critical to determine potential extent of damage organization may have incurred. Csr; is 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: different for everyone.
