GUARDIAN ANGEL ACADEMY

Senior High School Department

School Year 2020-2021 (2nd Semester)
Business Ethics and Social Responsibility

Module 2 Lesson #2
Inclusive Dates: Feb. 1-5, 2021
Name: _________________________________________ Grade Level and Section: Grade 12-Nataniel

Learning Objective/s:
illustrate how fairness, accountability, transparency and stewardship is observed in business and
nonprofit organizations

Topic: Fairness, Transparency, Accountability and Stewardship

Introduction
Existential question: “Which is better, managing a business solo or with a partner?”

Learning Development
A Good Corporate Governance in all businesses and even in non-profit organizations such as foundations is
very important in order to build trust and confidence with the investors, donors, and the community in
general. A good corporate governance builds the integrity of the institution.
Below are the Core Principles of a Good Corporate Governance:
FAIRNESS
Fairness comes from the old English word faeger, which means “pleasing or attractive.” It is the quality of
making judgments that are free from discrimination. Fairness in the context of a business organization involves
balancing the interests involved in all decision-making including any decisions related to hiring, firing
(including the investigatory process), and the compensation and rewards system. Hiring the right people is one
of the most important decisions an organization makes.
ACCOUNTABILITY
Accountability is the obligation of an individual or organization to account for its activities, accept
responsibility for them, and to disclose the results in a transparent manner. Accountability in the context of a
business organization is the obligation to demonstrate that work has been conducted in compliance with
agreed rules and standards or to report fairly and accurately on performance results vis-à-vis mandated roles
and/or plans.
TRANSPARENCY
Transparency is defined as being authentic in the way an organization message themselves externally – to
stakeholders, to prospective customers and talent, and within the community. It allows stakeholders to
understand whether the activities of social institutions provide a genuine service to civil society and whether
money is used appropriately. Thus, transparency means there is lack of hidden agendas or conditions,
accompanied by the availability of full information required of collaboration, cooperation, and collective
decision-making.
STEWARDSHIP
In Biblical terms, stewardship is defined as utilizing and managing all resources God provides for the glory of
God and the betterment of His creation. That definition plays a critical role in today’s business landscape. In
the context of business organization, stewardship refers to taking responsibility for the business and the
effects it has on the world around it. This involves considering more than just the bottom line and looking at
elements such as values, ethics, and morals

Learning Engagement
Read each item carefully. Choose the letter of the correct answer
1. You insert the exact amount into the vending machine at school for a can of soda. Two cans are released
from the machine. What will you do with the extra can of soda?
a. Offer the can of juice to your classmate.
b. Keep the extra can of soda for you.
c. Report an incident to appropriate school personnel.

2. Employees expect that their employers will be transparent. What does this refer to?
a. The need for an office space to use glass walls.
b. Employees are responsible for their employer’s actions.
c. Employers to provide honest and clear information to their employees.

3. Joseph found out his teacher’s password to open her Facebook account. What is the ethically correct thing
for him to do?
a. Give the password to all other students.
b. Tell the teacher so she may change it.
c. Keep it to himself and if someone finds out the password it is not his problem.

4. Arriving to work on time is an example of which characteristic of a good employee?

a. Timeliness
b. Personal accountability
c. Adaptability

5. Providing wrong information on the resume is an example of which of the following:

a. Lack of transparency on employee’s part.
b. Poor transparency on an employer’s part.
c. Lack of accountability on an employer’s part

Learning Assimilation
CASE STUDY: MANG EUGENIO VENTURA: FILIPINO TAXI DRIVER WITH A GOLDEN HEART

The story of Mang Eugenio Ventura, an extraordinary cab driver, went viral in the social media when a
passenger spread the good work about him, not rejecting passengers (despite heavy traffic in Metro Manila)
and declining tips. Apart from being fair and honest, he is the jolly type – he just laughs off the congestion on
the main roads of the city. He got featured in an episode of the TV Program “Mission Possible.”
Questions:
1. What do you think has molded the fair, honest and cheerful behavior of Mang Eugenio?
-For me it is molded by the love that he has on his job, Mang Eugenio is happy on his job that’s why that
happiness brings a good relationship to every people or to his passengers.
2. What lesson have you learned from the good example of Mang Eugenio?
-The lesson that I learned from Mang Eugenio is do good things not just to impress people, but do it
because it is the right thing to do.
3. In school, how can you teach and train students in fair, honest and ethical behavior?
-As a student I can teach them by being a good example, by being a good influence towards them. Because
some people adapt things that they notice on their surroundings.
SUBMIT YOUR ACTIVITIES ON FEB. 8, 2021.