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Integrative Social Contracts Theory.

Corporations enhance the Welfare of Society through the Satisfaction of Consumers and interest of Workers by
Leveraging Corporations Special Advantages. This is the Moral Foundation of the Corporation.

The Social Contract also serves as a Tool to measure the Performance of Productive Organizations.

When such Organizations fulfill the terms of the Social Contract, they are Morally justified. When they do not,
they should be condemned.

Hyper Norms are Universal and impose certain conditions on all Business Activity.

The Macro-Social Contract functions at Global Level, provided specific conditions under which Micro-Social
Contracts may be developed.

Micro Social Contracts are Community Contracts developed to guide Business Activity.
The Essentials of Social Contracts theory are shown below:
Hyper Norms. Universal.


1. Personal Freedom.
2. Physical Security.
3. Political Participation.
4. Informed Consent.
5. Ownership of Property.
6. Right of Subsistence.
7. Equal Dignity to All Humans.
Macro Social Contract.
Globally Based.

1. Moral Free Space.
2. Free Consent with Right to Exist.
3. Compatible with Hyper Norms.
4. Priority Levels.
Micro Social Contract. Community Based.

Individual Norms:

1. Do Not Lie In Negotiations.
2. Honor All Contracts.
3. Give Job Preference To Natives.
4. Give Preference To Local Suppliers.
5. Provide A Safe Work Place.
Hyper Norms are Universal Norms that are equally applicable to all persons Worldwide. Hyper Norms provide the Basis
for evaluating all other Norms.
They stand for the Basic Principles that are Fundamental to Human Existence: Example- Human Rights,
Ownership of Property, Right to Live etc.
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3.Distributive.Justice. avoid waste. etc and burdens like Work. …………………………………………………………………………………………………………………… The Global Business Standards Codex (The GBS Codex). Fiduciary Principle. Retributive Justice. Reliability Principle. and Equality. The severity of Punishment should be in proportion to the magnitude of the Crime. 1) Fiduciary Principle: • Act as a Fiduciary for the Company and its Investors. 3) Compensatory Justice: Compensatory Justice is concerned with compensating the Party Injured by the Wrongful Act. 3) Reliability Principle: . Fairness. USA offer the Global Business Standards Codex. 2. • Principles of Justice may be divided into Three Types. Leisure. 5. 2) Retributive Justice: Retributive Justice is concerned with Punishment for Wrong Doing. 7. Jobs. • Refrain from Theft and Misappropriation. and safeguard the Property entrusted to you.2) Justice Principles: • Justice is associated with issues of Rights. 8. and Compensatory Justice. 6. Wealth. A Just Act treats you Fairly. Property Principle. Transparency Principle. Responsiveness Principle. Boston. Taxes. Citizenship Principle. Social and Civil Obligations. 4. A Just Act respects your Rights. • Carry out the Company’s Business in a Diligent and Loyal manner. Professors in Harvard University. a round up of widely endorsed Conduct Guidelines for Companies around the World. Dignity Principle. • For Companies that want to assess their Code Of Conduct or Craft a New One. This includes necessary Medical Treatment and Services and Goods that are needed to Rectify the Injury. • They have arranged the Standards according to Eight underlying Ethical Principles: 1. 1) Distributive Justice: Society has many benefits like Income. 2) Property Principle: • Respect Property and the Rights of those who own it. Fairness Principle. Education. which can be allocated based on a) Equal Share to Each Person b) Based on Need c) Based on Effort d) Based on Merit e) Based on Social Contribution.

6) Fairness Principle: • Engage in Free and Fair Competition. Refrain from Deceptive Acts and Practices. and other Voluntary Undertakings. Agreements. Safety. Keep Accurate Records. Market Place and the Community. and Human Rights of others. 4) Transparency Principle: • Conduct Business in a Truthful and Open manner. whether embodied in Legally Enforceable Contracts or not. Privacy. avoid Improper Involvement in Politics and Government and Contribute to Community Betterment. and make timely disclosures of material information. . • Be faithful to your word and follow through on Promises. • Refrain from Coercion and Adopt Practices that Enhance Human Development in the Work Place.• Honor Commitments. 7) Citizenship Principle: • Act as Responsible Citizens of the Community. and be Responsive to Public Needs while Recognizing the Governments Role and the Jurisdiction in Protecting the Public Interest. and Practice Nondiscrimination in Employment and Contracting. Respect the Law. deal with all parties Fairly and Equitably. 8) Responsiveness Principle: • Engage with parties who may have Legitimate Claims and Concerns relating to the Company’s Activities. Protect Public Goods. 5) Dignity Principle: • Respect the Dignity of all People. Co-Operate with Public Authorities. while respecting Obligations of Confidentiality & Privacy. • Protect the Health.