Summary Resume-Ethics Responsibility
and Sustainability
Corporate ethics program - ANS✔some combination of a statement of values, code of
conduce and or ethics, ethics training, ethics audits and consulting services, ethics
officers and committees and ethics reporting systems
Statement of values - ANS✔a description of the beliefs, principles, and basic
assumptions about what is desirable or worth striving for in an organization
code of conduct - ANS✔explicitly sates what appropriate behaviors is by identifying
what is acceptable and unacceptable
code of ethics - ANS✔a statement of principles or values that guide behavior by
describing the general value system within which a corporation attempts to operate in a
given environment
conflict of interest - ANS✔a situation in which an individual has a private or personal
interest that is suffice to appear to influence the objective exercise of that individuals
duties
Three types of conflict of interest - ANS✔Real - actual interest of persona gain
knowledge
Apparent - conflict can be deduced from appearances
Potential - a situation that may develop into a conflict of interest
Pagano - ethics of business actions - ANS✔1. Is it legal - core starting point
2. the benefit cost test - utilitarian perspective "creates good for the greatest number"
3.the categorical imperative - universal standard "if it's good for the goose than it's good
for the gander"
4. The light of day test - actions appeared on TV?
5. Do unto others - Golden Rule "do you want this to happen to you?
6. the ventilations test - get a 2nd opinion from a wise friend who is not invested
ethics audit - ANS✔a systematic effort to discover actual or potential unethical behavior
in an organization
ethics officer - ANS✔an independent manager reporting to he board of directors or CEO
who reviews complaints or information from anyone in the organization or any
stakeholder, studies the situation and recommends action if necessary
ethics committee - ANS✔A group, comprising directors, managers, or staff formed to
monitor ethical standards and behavior
Whistle-blowing - ANS✔An act of voluntary disclosure of inappropriate behavior of
decisions to persona in positions of authority in an organization
Ethics Programs - Approaches - ANS✔Formal Approach - unacceptable practices or
behaviours and emphasizes compliance and penalties.
Monological Approach - managers and employees to determine themselves what is
right or wrong. Codes of values, philosophies, and ethics would facilitate this approach
Dialogical Approach - values and opinions of all stakeholders are involved
, Integrity Management - ANS✔An ethics program that combines a compliance based
and a values banned approach
Corporate Social Responsibility - ANS✔The way a corporation achieves a balance
among its economic, social, and environmental responsibilities in its operations so as to
address shareholder and other stakeholder expectation.
Management & Leadership Models - ANS✔Immoral - avoid of ethical principles and
actively opposed to what is moral. selfish approach knows right and wrong and chooses
wrong. motivated by greed laws are regarded as barriers
Amoral - without ethics but not actively moral. Two types intentionally/unintentionally
They lack ethical awareness and sensitivity.
Moral - conform to high standards of ethical behaviours or professional standards prefer
higher standards. Ethics is a driving force of the organization
The Pyramid of Corporate Social Responsibility - ANS✔Philanthropic - be a good
corporate citizen contribute resources to the community improve quality of life
Ethical - be ethical, obligation to do what is right, just and fair. Avoid harm
Legal - obey the law, law is societies codification of right and wrong play by the rules of
the game
Economic - be profitable the foundation upon which all others rest
Corporate Sustainability - ANS✔corporate activities demonstrating the inclusion of
social environmental as well as economic responsibilities in business operations as they
impact all skate holders.
Reputation Management - ANS✔any effort to enhance the corporations image and good
name; in the past, the focus of these efforts was on media and public relations and, to
some extent, crisis management
Social impact management - ANS✔defined by the Aspen Institute as :the field of inquiry
as the intersection of business needs and wider societal concerns that reflects and
respects the complex interdependency between two.
Tripe E (economic, ethical, and environmental) bottom line - ANS✔Evaluates a
corporations performance according to a summary of the economic, social, and
environmental value the corporation adds or destroys
Corporate citizenship - ANS✔Occurs when a corporation demonstrates that it takes into
account its complete impact on society and the environment as well as its economic
influence
Three Views of Corporate Citizenship - ANS✔Limited - corporate giving or philanthropic
responsibility was the focus, resigning is that something should be given back to the
community- considered to be enlightened self interest
Equivalent-Citizenship is defined as what society expects are responsibilities of
business, emphasis on sustainability the stewardship roles of business and the stakes
and Sustainability
Corporate ethics program - ANS✔some combination of a statement of values, code of
conduce and or ethics, ethics training, ethics audits and consulting services, ethics
officers and committees and ethics reporting systems
Statement of values - ANS✔a description of the beliefs, principles, and basic
assumptions about what is desirable or worth striving for in an organization
code of conduct - ANS✔explicitly sates what appropriate behaviors is by identifying
what is acceptable and unacceptable
code of ethics - ANS✔a statement of principles or values that guide behavior by
describing the general value system within which a corporation attempts to operate in a
given environment
conflict of interest - ANS✔a situation in which an individual has a private or personal
interest that is suffice to appear to influence the objective exercise of that individuals
duties
Three types of conflict of interest - ANS✔Real - actual interest of persona gain
knowledge
Apparent - conflict can be deduced from appearances
Potential - a situation that may develop into a conflict of interest
Pagano - ethics of business actions - ANS✔1. Is it legal - core starting point
2. the benefit cost test - utilitarian perspective "creates good for the greatest number"
3.the categorical imperative - universal standard "if it's good for the goose than it's good
for the gander"
4. The light of day test - actions appeared on TV?
5. Do unto others - Golden Rule "do you want this to happen to you?
6. the ventilations test - get a 2nd opinion from a wise friend who is not invested
ethics audit - ANS✔a systematic effort to discover actual or potential unethical behavior
in an organization
ethics officer - ANS✔an independent manager reporting to he board of directors or CEO
who reviews complaints or information from anyone in the organization or any
stakeholder, studies the situation and recommends action if necessary
ethics committee - ANS✔A group, comprising directors, managers, or staff formed to
monitor ethical standards and behavior
Whistle-blowing - ANS✔An act of voluntary disclosure of inappropriate behavior of
decisions to persona in positions of authority in an organization
Ethics Programs - Approaches - ANS✔Formal Approach - unacceptable practices or
behaviours and emphasizes compliance and penalties.
Monological Approach - managers and employees to determine themselves what is
right or wrong. Codes of values, philosophies, and ethics would facilitate this approach
Dialogical Approach - values and opinions of all stakeholders are involved
, Integrity Management - ANS✔An ethics program that combines a compliance based
and a values banned approach
Corporate Social Responsibility - ANS✔The way a corporation achieves a balance
among its economic, social, and environmental responsibilities in its operations so as to
address shareholder and other stakeholder expectation.
Management & Leadership Models - ANS✔Immoral - avoid of ethical principles and
actively opposed to what is moral. selfish approach knows right and wrong and chooses
wrong. motivated by greed laws are regarded as barriers
Amoral - without ethics but not actively moral. Two types intentionally/unintentionally
They lack ethical awareness and sensitivity.
Moral - conform to high standards of ethical behaviours or professional standards prefer
higher standards. Ethics is a driving force of the organization
The Pyramid of Corporate Social Responsibility - ANS✔Philanthropic - be a good
corporate citizen contribute resources to the community improve quality of life
Ethical - be ethical, obligation to do what is right, just and fair. Avoid harm
Legal - obey the law, law is societies codification of right and wrong play by the rules of
the game
Economic - be profitable the foundation upon which all others rest
Corporate Sustainability - ANS✔corporate activities demonstrating the inclusion of
social environmental as well as economic responsibilities in business operations as they
impact all skate holders.
Reputation Management - ANS✔any effort to enhance the corporations image and good
name; in the past, the focus of these efforts was on media and public relations and, to
some extent, crisis management
Social impact management - ANS✔defined by the Aspen Institute as :the field of inquiry
as the intersection of business needs and wider societal concerns that reflects and
respects the complex interdependency between two.
Tripe E (economic, ethical, and environmental) bottom line - ANS✔Evaluates a
corporations performance according to a summary of the economic, social, and
environmental value the corporation adds or destroys
Corporate citizenship - ANS✔Occurs when a corporation demonstrates that it takes into
account its complete impact on society and the environment as well as its economic
influence
Three Views of Corporate Citizenship - ANS✔Limited - corporate giving or philanthropic
responsibility was the focus, resigning is that something should be given back to the
community- considered to be enlightened self interest
Equivalent-Citizenship is defined as what society expects are responsibilities of
business, emphasis on sustainability the stewardship roles of business and the stakes
