Sustainability Block 2 Summary
Week 1 – Introducton
Ethics Moral guidelines that govern good behaviour.
In order words, it is about what is (or what you) consider to be right or
wrong
Sustainability the economic development that meets the needs of the present
generaton without compromising the ability of future generatons to meet
their own needs
Myriad terms Relatonship between business and society, including ethics, corporate
citzenship, corporate sustainability CSR, corporate social performance,
corporate philanthropy, corporate social responsiveness, environmental
management, stakeholder management, sustainable development and
triple botom line.
Why are ethics so important to organisatonss
PELE
Ethical behaviour About what is right and what is wrong
Lawful behaviour What is lawful and unlawful
Behaving ethically means that you do what is morally right. But
how do we determine what is morally rights
Determine what is ethical:
formal and informal insttutons
the perspectve of the individual
influences
Deontology The end does not justfy the means
is een ethische stroming die uitgaat van absolute gedragsregels, vaak maar niet altid,
gesteld als normen. Er wordt ook wel gesproken over plichtethiek.
Perspecteve of kant argues that to act in the morally right way, people
must act for duty
Utlitarianism Is the view that the right moral acton is one that maximizes happiness for
all
is een ethische stroming die de morele waarde van een handeling afmeet aan de biidrage
die deze handeling levert aan het algemeen nut, waarbii onder algemeen nut het welziin
en geluk van alle mensen wordt verstaan.
Ethical dilemma’s Situatons in which none of the available alternatves seems ethically
acceptable and the right course of acton is not always clear
, Sustainability Block 2 Summary
Differences
Deontology Utlitarianism
Personal moral (maxim) becomes universal The end results justfes the means
law (consequentalism)
Duty obligaton and good will (doing good) All tmes, all places, all people
Ethics of duty (personal, intenton, intrinsic Greatest happiness principles (good of the
value) people)
Does not permit sacrifce of minorites for Ethics of welfare (group)
the collectve Permit sacrifce of minorites for the
collectve
Week 2 – theory pressure cooker corporate governance
Corporate governance Corporate governance involves a set of relatonships between a
company’s management, it’s board, it’s shareholders and other
stakeholders and other stakeholders.
It provided this structure through which the objectves of the
company are set, and the means of ataining those objectves
corporate decision making
Measures to prevent abuses of workers
United natons
Fairtrade
Transparency in the fashion industry
OECD principles of corparate govermmance
= de organate van Econominsche samenwerking en ontwikkeling is
een samenwerking van 34 landen om sociaal en econmisch beleid te
bespreken, te bestureden en te coordineren.
Objectve: make beter decisions, business thereby more succesful
Key: flow of informaton right info right people at right 4 core standards for good corporate
Danger fo too much infor: lose focus about what is importance governance TRAF
1. Ensureing the basis of a effectve corporate governance framework
2. The right of shareholders and key ownership functons
3. The equitable tratment of shareholder
4. The rile of stakeholder
5. Disclosure ans transparency
6. The responsibilitues of the board
Ineffectve followpup of decisions madei
Have we done its
Did it works
Yess -> effectvee
Week 1 – Introducton
Ethics Moral guidelines that govern good behaviour.
In order words, it is about what is (or what you) consider to be right or
wrong
Sustainability the economic development that meets the needs of the present
generaton without compromising the ability of future generatons to meet
their own needs
Myriad terms Relatonship between business and society, including ethics, corporate
citzenship, corporate sustainability CSR, corporate social performance,
corporate philanthropy, corporate social responsiveness, environmental
management, stakeholder management, sustainable development and
triple botom line.
Why are ethics so important to organisatonss
PELE
Ethical behaviour About what is right and what is wrong
Lawful behaviour What is lawful and unlawful
Behaving ethically means that you do what is morally right. But
how do we determine what is morally rights
Determine what is ethical:
formal and informal insttutons
the perspectve of the individual
influences
Deontology The end does not justfy the means
is een ethische stroming die uitgaat van absolute gedragsregels, vaak maar niet altid,
gesteld als normen. Er wordt ook wel gesproken over plichtethiek.
Perspecteve of kant argues that to act in the morally right way, people
must act for duty
Utlitarianism Is the view that the right moral acton is one that maximizes happiness for
all
is een ethische stroming die de morele waarde van een handeling afmeet aan de biidrage
die deze handeling levert aan het algemeen nut, waarbii onder algemeen nut het welziin
en geluk van alle mensen wordt verstaan.
Ethical dilemma’s Situatons in which none of the available alternatves seems ethically
acceptable and the right course of acton is not always clear
, Sustainability Block 2 Summary
Differences
Deontology Utlitarianism
Personal moral (maxim) becomes universal The end results justfes the means
law (consequentalism)
Duty obligaton and good will (doing good) All tmes, all places, all people
Ethics of duty (personal, intenton, intrinsic Greatest happiness principles (good of the
value) people)
Does not permit sacrifce of minorites for Ethics of welfare (group)
the collectve Permit sacrifce of minorites for the
collectve
Week 2 – theory pressure cooker corporate governance
Corporate governance Corporate governance involves a set of relatonships between a
company’s management, it’s board, it’s shareholders and other
stakeholders and other stakeholders.
It provided this structure through which the objectves of the
company are set, and the means of ataining those objectves
corporate decision making
Measures to prevent abuses of workers
United natons
Fairtrade
Transparency in the fashion industry
OECD principles of corparate govermmance
= de organate van Econominsche samenwerking en ontwikkeling is
een samenwerking van 34 landen om sociaal en econmisch beleid te
bespreken, te bestureden en te coordineren.
Objectve: make beter decisions, business thereby more succesful
Key: flow of informaton right info right people at right 4 core standards for good corporate
Danger fo too much infor: lose focus about what is importance governance TRAF
1. Ensureing the basis of a effectve corporate governance framework
2. The right of shareholders and key ownership functons
3. The equitable tratment of shareholder
4. The rile of stakeholder
5. Disclosure ans transparency
6. The responsibilitues of the board
Ineffectve followpup of decisions madei
Have we done its
Did it works
Yess -> effectvee
