CRISTINA SOLISCRISTINA .SOLIS853@MYCI .CSUCI .EDU

APRIL 21 , 2014

Ethics and Corporate Social Responsibility

What is Business Ethics?

-Doing business ethics means providing reasons for how things ought to be in the economic world.

-The determination about right and wrong.

Ethical Concerns

In the past Ethical issues were less of a concern to management in return companies were dealing with wrong doing and unethical decisions.

In 2002 a The Sarbanes-Oxley Act law was put in tact to regulate big companies to oversight the public accounting firms that audit the financial records for these big corporations to make sure they were doing their job correctly.

Failing to make the right decision

Ultimately, the costs of increased governmental oversight and regulation are passed along to society in the form of higher prices and taxes.

Ethic Concerns Grows

Benefits of Ethical Behavior

Working without fatal accidents

Eliminating occupational diseases

Increasing diversity in the workplace

Increasing the benefits of mining for local communities

Increasing energy

A strong ethical Culture is important in the workplace!

Corporate Social Responsibility (CSR)

CSR emphasizes both in the responsibility to make money and the responsibility to interact ethically with the surrounding community

• Contributions to the overall economy, job opportunities, and charitable contributions and service.

• Organizations measure through social audits.

The 4 Components of CSR

Social ResponsibilityGeneral Public

-Public Health Issues

-Protecting the Environment

-The business is Sustainable

-Employees

-Working in a Safe Environment

-Having Equal Job Opportunities

-Not Tolerating any type of Discrimination

-No Sexual Harassment tolerated.

Investors-Working in a Safe Environment

-Having Equal Job Opportunities

-Not Tolerating any type of Discrimination

-No Sexual Harassment tolerated.

The Customer

-The right for the customer to feel safe.

-Keeping the customers informed about the products and services they are receiving.

-Give the Customers the option to choose.

-The ability to give feedback on the service that was provide to them.

Ways to Improve Ethical Behavior

Establish a Code of Ethics for employees to follow

Provide training in ethical reasoningGive incentives for passing auditsHaving integrity programs within the company

Questions

1. What law was put in place to regulate business to make sure that the business was working under ethical standards?

A. Glass-Steagall Act B. The Sarbanes-Oxley Act D. Prudent Investor ActC. Fraudulent Transfer Act 2. Which of the following does the term Corporate Social

Responsibility relate to?A. Ethical ConductB. Environmental Practice C. Human Rights & Employee RelationsD. Community InvestmentE. All of the above

Answers: 1.)B 2. )E

References

"About NBES 2013." National Business Ethics Survey from the Ethics Resource Center RSS. N.p., n.d. Web. 18 Apr. 2014.

Brusseau, James. "The Business Ethics Workshop, v. 1.0." Flat World Knowledge. N.p., n.d. Web. 11 Apr. 2014.

"Business Ethics and Corporate Social ResponsibilityAn Anglo American Case Study." Business Case Studies. N.p., n.d. Web. 16 Apr. 2014.

Schermerhorn, Thomas,, Jr., and John Dienhart. "Strategic Leadership of Ethical Behavior in Business." Academy of Management Executive 18.2 (2004): 56-66. Web.