The phrases "Socially Responsible", "Corporate 'Social Responsibility", a "The Social Responsibility of Business" are at times used as though they were synonymous with business ethics. But this can be misleading if it is taken to imply that business ethics deals exclusively with the relationships between business organizations and what have come to be called their" external constituencies such as customers, suppliers, government agency , community groups and even host countries. For while these relationship define a large and very important sub-domain of business ethics, they do not exhaust the field, there remain equally important "internal constituencies" (employees, stockholders, boards of directors and senior executives) as well as ethical issues that do not lend them- selves to "constituency" or stakeholder analysis. Thus, business ethics is a more embracing field of inquiry than corporate social responsibility, even though it includes the latter. Questions, like moral responsibilities, obligations and virtues in business decision making also form part of ethics e.g. choices and character of persons, the policies and cultures of organization. The subject of business ethics, therefore, is multi-leveled. At the level of the individual ("the ethics and values of business person"), attention is paid to the values by which self-interest and other motives are balanced by concern for fairness, properness, right / wrong and the common good, both within and outside the company. At the level of the organization ("the ethics of a business enterprise"), the focus is on the spoken or unspoken group consciousness that every company has either by design or by default, as it pursues its economic objectives. Finally, at the level of society itself (" the ethics of business system"), business ethics examines the pattern of cultural, political and economic forces that drive individuals and firm's values that define democratic capitalism in a global environment. The ethics of Corporate Governance is therefore; the determination of what is "right", "fair", "proper" and "just" in decisions and actions that affect other people -goes for beyond simple questions of bribery, theft and collusion. It focus on what our relationships are and ought to be - with our employees, our customers, our stock holders, our creditors, our suppliers, our distributors, our neighbors and other members of the community / society in which we operate.
Basic people skills, patience, understanding, tolerance, concern, hopefull strong moral values (regardless of what most people thing of lawyerly ethics) and so forth. A good work ethic, ability to reason and apply simple logic, good communicator, the ability to 'read the body language' of potential clients is a definite plus, and so on and so on. You also need a very good education at a good college! Glad that I can help, :), -Hayley
he should be the one who looks for the interest of the others.values employees as people, respect is given for the whole person.doesn't play psychological games with others.who focuses on the ultimate objective.should be committed to honesty, fair play and quality work.
A very good question but I suggest you consult a legal professional
That is a very good question. I will look that up and edit my answer when I've found it. I hope that doesn't happen, but if it does I don't think that's right. I'll be right back to edit my answer with a real answer. Edit: I could not find any info on your question. Now I have a question for you. Is this a regular occurrence or is this just a hypothetical question?
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Good governance, good performance Poor governance, poor performance
§Good ethics should be seen as a driver of profitability rather than a burden on business. §An ethical framework is part of good corporate governance and suggests a well run business. §Investors are reassured about the company's approach to risk management. §Employees will be motivated in the knowledge that they operate in an environment of good ethical corporate behaviour
It means that corporate governance is a theoretical application of good practice but the quality of management is what would govern the quality of the governance in the final analysis as they would be responsible for ensuring it was applied.
Corporate codes of ethics are not just for show but they do make for good public and private relations. The corporate code of ethics is not always followed through from the top down.
Cico and BrT gained recognition in the area of corporate governance. Industry analysts acknowledged that BrT strictly complied with good corporate governance practices, often a rarity in the Brazilian telecommunications industry.
It dependsIt depends very much on the company, its competitive environment, the kind of business they are doing. This is the probably most asked question in companies on the executive level. In the USA the government tried to answer this question with the Sorban-Oxley Act and give minimal requirements to the companies. Also there are whole departments at business faculties, which try to answer this question.
vigilance / Anti corruption / ethics in business for good governance
Corporate governance is the system by which corporations are managed (or 'governed'). The governance structure specifies the distribution of rights and responsibilities among the organisation's hierarchy (including positions like creditors and board of directors) which in turn will dictate how and when objectives are made.
Anita Ernstorfer has written: 'Capacity development for good governance' -- subject(s): Public administration, Corporate governance
to intitutionalyze the principles of good corporate governance in the entire organizations
Liabilities are linked to corporate governance as they represent obligations that a company owes to external parties. Effective corporate governance helps ensure that these liabilities are managed and disclosed properly, promoting transparency and accountability within the organization. Good governance practices also help in monitoring and managing risks associated with liabilities, ultimately safeguarding the company's financial health and reputation.
There seven characteristics of corporate governance, being, accountability, discipline, fairness, independence, transparency, responsibility and social responsibility. Vongani Masondo