BUS 101: Chapter 4
Corporate Policy
Refers to the position a firm takes on social and pol issues.
Ethics
Standards of moral behavior that is accepted by society as right versus wrong. (Is it legal? Fair? How will it make me feel about myself?)
Social Audit
Systematic evaluation of an organization's progress toward implementing programs that are socially responsible.
Corporate Social Responsibility
A business's concern for the welfare of society.
Corporate Responsibility
Hiring minority workers, making safe products, etc.
Insider Trading
Insiders use private company info to further their own fortunes or those of their family and friends.
Corporate Social Initiatives
More enhanced of philanthropy; related to company's competencies.
Whistleblowers
People who report illegal or unethical behavior.
Corporate Philanthropy
Dimension of social responsibility that includes charitable donations.
Integrity-Based Ethics Codes
Ethical standards that define the organization's values, support ethically sound behavior, and stress a shared accountability among employees.
Compliance-Based Ethics Codes
Ethical standards that emphasize preventing unlawful behavior by increasing control and penalties.