Business ethics and corporate social responsibility adms 3660 petrenko anton, phd office hours. Csr activities are equal to theft equal to imposing tax. Social responsibility is a means of achieving sustainability. An overview of corporate social responsibility 4 what is the business case for csr. Corporate social responsibility csr has become a major focus of interest for development practitioners in recent years. The vast amount of literature available on the subject ensures that there exist innumerable definitions of corporate governance. This course module is designed to help professors teach business ethics and corporate social responsibility. Health, disease and healing in the larger social context v photos.
In todays economic and social environment, issues related to social responsibility and sustainability are gaining more and more importance, especially in the business sector. View notes lecture 4 corporate social responsibility 1 2 from adms 3660 at york university. As a lecturer in economics and business studies with a wide. Notes selfinstructional material 1 introduction introduction for a very long time, there has been a real and a significant need for a good textbook on business ethics and corporate governance. You can easily adapt the mba lecture notes, study materials. Two broad principlescharity and stewardshiphave help to shape thinking about csr. Acca p1 ethics and social responsibility free resources for acca and cima students free acca and cima on line courses free acca, cima, fia notes, lectures, tests and forums. It should provide quality goods and services at reasonable prices to their consumers. Similarly, the world business council for sustainable development wbcsd, 1999 seeks to develop a clear understanding of corporate social responsibility, including a matrix of corporate social responsibility indicators. This is why the concentration of the this paper will be on the concept of corporate social responsibility csr. Business ethics and corporate social responsibility.
In the new companies act 20, there is the new provision for the corporate social responsibility under the section 5 of the companies act 20. Financial disclosure is a very important and critical component of corporate governance. Business goals are inseparable from the societies and environments within which they operate. Business ethics, corporate social responsibility and corporate governance. Whilst shortterm economic gain can be pursued, the failure to account for longerterm social and. Corporate social responsibility 1 why do corporations have social responsibilities. Chapter 15 lecture 1 definitions and relationships corporate social responsibility csr is the process by which businesses negotiate their role in society in the business world, ethics is the study of morally appropriate behaviors and decisions, examining what should be done although the two are linked in most firms, csr. Discuss the importance of social responsibility, including environmental sustainability, and how it can enhance a corporations innovation strategy shared value.
Legal environment and business law notes pdf download. Morality and rationality in formal organisation 11. The lesson provides the case for and against corporate social responsibility, the complexities of business ethics, and how cultural standards change what is considered ethical for a business. The notion of csr has became more significant with time. Students can download the study materials and pdf books and they can use them in their academic preparation. You can easily adapt the mba lecture notes, study materials, and. This textbook covers the issues related to corporate governance, business ethics, risk management and ethical decisions. Sep 01, 2010 corporate social responsibility lecture notes 1. Chapter 15 lecture 1 definitions and relationships corporate social responsibility csr is the process by which businesses negotiate their role in society in the business world, ethics is the study of morally appropriate behaviors and decisions, examining what should be done although the two are linked in most firms, csr activities are no.
Corporate social responsibility strategy and ethics corporate responsibilityethics. Csp aims to measure the contribution the social variable makes to economic. In todays society corporations are expected to take more responsibility. Corporate governance and executive compensation for. Oct 17, 2018 wondering what is social responsibility or corporate social responsibility or csr, dont worry we have this video to help you understand corporate social responsibility, a definition of corporate. It demonstrates why a greed is good approach to capitalism is dangerous.
Csr requires the business organizations to entail the obligation from the implicit social contract. Responsibility csr and ethics chapter 15 lecture 1 definitions and relationships corporate social responsibility csr is the process by which businesses negotiate their role in society in the business world, ethics is the study of morally appropriate behaviors and decisions, examining what should be done although the two are linked in most firms, csr. Corporate social responsibility introduction the debate about corporate social responsibility csr began in the early 20th century, as concerns about large corporations and their power came to the fore. Can anyone tell me where to find the rest of the lecture, and also the lecture for chapter 6 control systems. Corporate social responsibility csr refers to strategies corporations or firms. In accordance with section 5 the functions of the csr committee include. Lecture 4 corporate social responsibility 1 2 business. For example, they argue, ackerman and bauer3 among them, that the connotation of responsibility is that of the process of merely assuming an obligation.
Eliminating child labour from the sialkot soccer ball industry, journal of corporate citizenship, pp. Use resources and capabilities to increase profits for shareholders stay within the rules of the game fiduciary responsibility of employees to owners, i. By following the provision of the csr, the companies are giving something back to the society. Corporate social responsibility, africa, ghana, mining industry. Social responsibility of business ethical aspects of corporate policy 10.
Adopting key social responsibility principles, such as accountability and transparency, can help ensure the longterm viability and success of any organization or system. Debates, models and practices across government, law and business, cheltenham. Introduction to corporate social responsibility unitar. Corporate social responsibility lectures lecture 1. Business ethics, corporate social responsibility, and. The lecture podcast for corporate governance and social responsibility finishes on page 51 of the lecture notes. Business ethics lecture note pdf ethics can be used to evaluate other peoples behaviour, for instance ethics. Corporate governance and executive compensation for corporate. Formulate and recommend to the board, a corporate social responsibility policy which shall indicate that the activities to be undertaken by the company will be as specified in schedule vii. Trusteeship management gandhian philosophy of wealth management 6. In 2010, the international organization for standardization iso published an international standard, iso 26000. Social responsibility increasingly an interest and concern of public, investors and employees frequently social responsibility can provide winwin scenarios, e. Corporate social responsibility, sociology short notes.
An understanding before delving further on the subject, it is important to define the concept of corporate governance. The composition of the corporate social responsibility committee is required to be disclosed in the boards report prepared under the act. Pdf the importance of business ethics and corporate social. Download this document for corporate social responsibility at maastricht university for free and find more useful study materials for your courses.
The importance of business ethics and corporate social. Corporate governance and executive compensation for corporate social responsibility abstract we link the corporate governance literature in financial economics to the agency cost perspective of corporate social responsibility csr to derive theoretical predictions about the relationship. It is useful at this stage to note that business is driven by values. Implementing corporate social responsibility 18 task 1. Concerns about corporate social responsibility csr have grown significantly during the last two decades campbell 2005, 1. Enlightened selfinterest the corporation takes on social responsibilities insofar as doing so promotes its own selfinterest i. Pdf corporate social responsibility and social welfare. Thumbnails document outline attachments find more documents from this course. Csr is an umbrella term which covers firms ethical objectives. Analyzing the concept of corporate social responsibility. This study views business ethics, the question of corporate social responsibility, and the.
Jun 19, 2012 the lesson provides the case for and against corporate social responsibility, the complexities of business ethics, and how cultural standards change what is considered ethical for a business. Corporate social responsibility csr firms have a range of responsibilities to various stakeholders including the wider community in which they operate. While development ngos have been critical of voluntary corporate initiatives, official development agencies have taken a more positive view and in some cases encouraged csr. Discuss the importance of social responsibility, including environmental sustainability. It is the function performed not only by corporation president and the army general but also of the shop supervisors and the company commander. Download business ethics, corporate social responsibility, and governance notes for mba pdf. The novus project is a combination of video tutorials designed to be used in conjunction with a free business simulation software program. Globalization, corporate social responsibility and poverty. Csr corporate social responsibility lecture notes vub. Business ethics and social responsibility bus 104 bmcc.
In ghana the concept has tended to focus on the external environment to the neglect of the internal environment from where employees operate. The social and political context of reproduction cont. Csr concerns lots of issues both inside a corporation and with external stakeholders. Learn vocabulary, terms, and more with flashcards, games, and other study tools. An implementation guide for business finally, it should be noted that neither the initiatives nor companies referenced in this guide are necessarily endorsed by iisd, or by any of the abovementioned individuals. Corporate social responsibility in the 21 st century. These responsibilities are often called corporate social responsibility csr. Standards are different from the ones used in the company. Corporate social responsibility strategy and ethics corporate responsibilityethics historically, we have been led by the principle that.