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  • IB Ethics&CSR April 17 2012

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    Ritika Goyal
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    ETHICS AND SOCIAL RESPONSIBILITY IN INTERNATIONAL BUSINESS Understanding Ethics A system of moral principles a guiding sense of right and wrong Difficult to differentiate business ethics How do companies manage ethics? Code of Conduct Respect basic human rights and freedom Minimise any negative impact on the environment Minimise high stds of local political involvement Transfer technology Consumer protection Employment practices Understanding Social Responsibility The obligation of decision makers to take actions that protect and promote the welfare of society as a whole Makes businesses accountable

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    ETHICS AND SOCIAL RESPONSIBILITY IN INTERNATIONAL BUSINESS Understanding Ethics A system of moral principles a guiding sense of right and wrong Difficult to differentiate business ethics How do companies manage ethics? Code of Conduct Respect basic human rights and freedom Minimise any negative impact on the environment Minimise high stds of local political involvement Transfer technology Consumer protection Employment practices Understanding Social Responsibility The obligation of decision makers to take actions that protect and promote the welfare of society as a whole Makes businesses accountable

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    4 views15 pages

    IB Ethics&CSR April 17 2012

    Uploaded by

    Ritika Goyal
    ETHICS AND SOCIAL RESPONSIBILITY IN INTERNATIONAL BUSINESS Understanding Ethics A system of moral principles a guiding sense of right and wrong Difficult to differentiate business ethics How do companies manage ethics? Code of Conduct Respect basic human rights and freedom Minimise any negative impact on the environment Minimise high stds of local political involvement Transfer technology Consumer protection Employment practices Understanding Social Responsibility The obligation of decision makers to take actions that protect and promote the welfare of society as a whole Makes businesses accountable

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    of 15

    ETHICS AND SOCIAL RESPONSIBILITY IN INTERNATIONAL BUSINESS

    Understanding Ethics
    A system of moral principles A guiding sense of right and wrong

    Deeply- rooted in national culture and law


    Difficult to differentiate business ethics

    How do companies manage ethics?


    Mgmt. philosophy

    Code of Conduct

    Ethics committees

    Laws

    Trng. programmes

    Ethics hotline

    How do companies manage ethics?

    Code of Conduct
    Respect basic human rights and freedom Minimise any negative impact on the environment Maintain high stds of local political involvement Transfer technology

    Consumer protection
    Employment practices

    Understanding Social Responsibility


    The obligation of decision makers to take actions that

    protect and promote the welfare of society as a whole


    Makes businesses accountable for their actions

    Elements of Social Responsibility

    Response to market conditions Mandated social programmes Voluntary social programmes

    Globalization and impact on Society


    FDI Employment

    Corruption

    Environment

    Pricing

    Employee conditions

    FDI, Growth and Employment

    Home country loss: jobs

    Host country gain: capital/ technology

    Host country gain: jobs

    Host country loss: blockage of local entrepreneurship

    Corruption
    Determinants
    Cultural, legal, political forces Access to information Poverty index

    Consequences

    Corporate performance National economy Erosion of authority Lower credit rating

    Measures

    The OECD Convention The ICC Code of Rules Partnering Against Corruption Initiative (PACT)

    Corruption

    Environment
    Question of Sustainability

    Kyoto Protocol National initiatives


    Company initiatives

    Employee Conditions
    Working conditions

    Child labour Wages


    Working conditions Job security

    No discrimination Treatment

    The MNE Offer

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