as society's accepted standards of moral behavior, that is, behaviors accepted by society as right rather than wrong.
compliance based ethics codes
emphasize preventing unlawful behavior by increasing control and penalizing wrongdoers.
intergrity based ethics codes
define the organization's guiding values, create an environment that supports ethically sound behavior, and stress shared accountability.
(insiders who report illegal or unethical behavior) must feel protected from retaliation.
corporate social responsbility (CSR)
is the concern businesses have for the welfare of society, not just for their owners. CSR goes well beyond being ethical. It is based on a commitment to integrity, fairness, and respect.
includes charitable donations to nonprofit groups of all kinds. [McDonald Houses for families whose critically ill children require treatment away from home. The Bill & Melinda Gates Foundation is by far the nation's largest philanthropic foundation, with assets of more than $35 billion.]
corporate social initiatives
include enhanced forms of corporate philanthropy. Corporate social initiatives differ from traditional philanthropy in that they are more directly related to the company's competencies.
includes everything from hiring minority workers to making safe products, minimizing pollution, using energy wisely, and providing a safe work environment—essentially everything that has to do with acting responsibly within society.
refers to the position a firm takes on social and political issues
uses private company information to further insiders' own fortunes or those of their family and friends. A high-profile case implicated home-style diva Martha Stewart. While Stewart was never convicted of insider trading
is a systematic evaluation of an organization's progress toward implementing socially responsible and responsive programs
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