D072: Module 2

to corporations and their stakeholders.

CSR, when conducted in good faith, is beneficial to _______ and __________

A company voluntarily engages in actions that benefit society, be it economically, socially, politically, or environmentally

Define the term corporate social responsibility (CSR).

Enlightened self-interest is an idea that states that persons who act to further the interests of others, ultimately serve their own self-interest

Define the term enlightened self-interest.

Greenwashing occurs when a company conveys a false impression or providing misleading information about how their products are environmentally friendly

Define the term greenwashing.

Internal transparency is the perceived quality of intentionally shared information

Define the term internal transparency.

A person who informs on a person or organization engaged in an illegal activity.

Define the term whistleblower.

Whistleblowers

SOX also grants protection to ___________.

World Trade Organization (WTO)

What institution functions as an international instrument to support ethical trade on a global scale?

To increase profits and shareholder trust through positive public relations and high ethical standards and to reduce business and legal risks by taking responsibility for corporate actions

What is aim of CSR?

SOX makes it both unethical and illegal to deceive shareholders, creditors, and the public at large.

What is the primary purpose of Sarbanes-Oxley Act (SOX).

It establishes the organization's key values and describes the company's obligation to its stakeholders

What is the purpose of a code of ethics?

The WTO oversee the implementation of trade agreements between nations

What is the purpose of the World Trade Organization (WTO)?

Transparency, whistleblower programs, ethics training, and modeling of appropriate behavior

What steps can upper management take to create the conditions for employees to act ethically?

Unions, the company's employees, investors, suppliers, consumers, local and national governments, and communities that may be affected by corporate activities such as construction, manufacturing, and pollution

Who is considered a stakeholder?

code of ethics

_______________leads to greater ethical awareness, consistency in application, and the avoidance of ethical disasters

Enlightened self-interest

_________often plays a part in the corporate adoption of CSR