SHRM CP EXAM LATEST
Ethics - ANSWERS-set of behavioral guidelines an org expects EEs to
follow
Donaldson's Ethical Decision Framework - ANSWERS-seeks to decide
if an action that is unacceptable in a home country will be acceptable
abroad by asking:
1) if the response is due to a difference in economic development
- if the home country would have allowed this behavior when they were
at the same stage of development, then you may proceed
2) Can the MNE compete without this and does the action violate a basic
human right?
- If no to both, you may proceed
Governance - ANSWERS-System of rules and processes set up by an
organization to ensure its compliance with local and international laws,
accounting rules, ethical norms, internal codes of conduct, and other
standards.
2 keys to good governance - ANSWERS-1) written code of conduct
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, SHRM CP EXAM LATEST
2) compliance program
Sustainability Sweet Spot - ANSWERS-place where an action can fulfill
expectations in social, environmental, & economic areas
Shared Value - ANSWERS-creating economic value in a way that also
creates value for society
3 ways to create shared value - ANSWERS-1) Redeveloping products
and markets
2) Redefining Productivity to reduce waste and ensure safety
3) Enabling local cluster development to build & enhance local orgs and
infrastructure
3 factors leading to focus on the triple bottom line - ANSWERS-1)
increased importance of CSR
2) increased data mining & analytics capabilities
3) standardization of reporting metrics & methods
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2
, SHRM CP EXAM LATEST
Components of a Value Based Code of Conduct - ANSWERS-1) Org
values and mission statement
2) Org expectations and conduct guidelines
OECD (Organization for Economic Cooperation and Development) -
ANSWERS-Created guidelines for MNE CSR that covers disclosure and
transparency, workforce relations, environment, bribery, consumer
interests, & access to STEM
UN Global Compact - ANSWERS-1A voluntary corporate citizenship
initiative endorsing 10 key principles that focus on four key areas of
concern: the environment, anticorruption, the welfare of workers around
the world, and global human rights.
Caux Principles - ANSWERS-International business principles set on:
1) Human Dignity
2) Kyosei (living & working together for the common good)
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3
, SHRM CP EXAM LATEST
ISO 26000 standards - ANSWERS-Quality standard for CSR with no
compliance
SA 8000 - ANSWERS-standard for human rights in supply chain
only standard with a compliance component
GRI G4 Sustainability Reporting Guidelines - ANSWERS-Universally
accepted standard for global reporting of CSR Material Aspects
Material Aspects - ANSWERS-issues that are significant to business'
economic, environmental, and social impacts and that substantively
influence the assessments and decisions of its stakeholders
KPMG Survey of Corporate Responsibility Reporting - ANSWERS-
Provides a detailed examination of the extent of reporting worldwide,
what is being reported on, and quality of those reports
3 areas CSR can capture value - ANSWERS-1) Growth via
sustainability sweet spot products
2) Return on Capital via savings and increased savings
3) Risk Management
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PAGE
4
Ethics - ANSWERS-set of behavioral guidelines an org expects EEs to
follow
Donaldson's Ethical Decision Framework - ANSWERS-seeks to decide
if an action that is unacceptable in a home country will be acceptable
abroad by asking:
1) if the response is due to a difference in economic development
- if the home country would have allowed this behavior when they were
at the same stage of development, then you may proceed
2) Can the MNE compete without this and does the action violate a basic
human right?
- If no to both, you may proceed
Governance - ANSWERS-System of rules and processes set up by an
organization to ensure its compliance with local and international laws,
accounting rules, ethical norms, internal codes of conduct, and other
standards.
2 keys to good governance - ANSWERS-1) written code of conduct
END OF
PAGE
1
, SHRM CP EXAM LATEST
2) compliance program
Sustainability Sweet Spot - ANSWERS-place where an action can fulfill
expectations in social, environmental, & economic areas
Shared Value - ANSWERS-creating economic value in a way that also
creates value for society
3 ways to create shared value - ANSWERS-1) Redeveloping products
and markets
2) Redefining Productivity to reduce waste and ensure safety
3) Enabling local cluster development to build & enhance local orgs and
infrastructure
3 factors leading to focus on the triple bottom line - ANSWERS-1)
increased importance of CSR
2) increased data mining & analytics capabilities
3) standardization of reporting metrics & methods
END OF
PAGE
2
, SHRM CP EXAM LATEST
Components of a Value Based Code of Conduct - ANSWERS-1) Org
values and mission statement
2) Org expectations and conduct guidelines
OECD (Organization for Economic Cooperation and Development) -
ANSWERS-Created guidelines for MNE CSR that covers disclosure and
transparency, workforce relations, environment, bribery, consumer
interests, & access to STEM
UN Global Compact - ANSWERS-1A voluntary corporate citizenship
initiative endorsing 10 key principles that focus on four key areas of
concern: the environment, anticorruption, the welfare of workers around
the world, and global human rights.
Caux Principles - ANSWERS-International business principles set on:
1) Human Dignity
2) Kyosei (living & working together for the common good)
END OF
PAGE
3
, SHRM CP EXAM LATEST
ISO 26000 standards - ANSWERS-Quality standard for CSR with no
compliance
SA 8000 - ANSWERS-standard for human rights in supply chain
only standard with a compliance component
GRI G4 Sustainability Reporting Guidelines - ANSWERS-Universally
accepted standard for global reporting of CSR Material Aspects
Material Aspects - ANSWERS-issues that are significant to business'
economic, environmental, and social impacts and that substantively
influence the assessments and decisions of its stakeholders
KPMG Survey of Corporate Responsibility Reporting - ANSWERS-
Provides a detailed examination of the extent of reporting worldwide,
what is being reported on, and quality of those reports
3 areas CSR can capture value - ANSWERS-1) Growth via
sustainability sweet spot products
2) Return on Capital via savings and increased savings
3) Risk Management
END OF
PAGE
4
