Romi Almanzor March 24, 2021

MBA-1a
Central Colleges of the Philippines

Ethics and Corporate Responsibility

(by Angelito Ramiso Jr.)

Business ethics, in general, is concerned with the roles and obligations of managers and
employees as business agents. It can also address issues of corporate behavior as well as broader
problems concerning capitalism's role and regulation.

On the other hand, corporate social responsibility is more concerned with the business (or
organization) and its responsibilities and behavior toward other stakeholders in the broader social
system.

In this sense, CSR is a more limited concept than business ethics, focusing on the so-called
corporate "person" rather than individual conduct and personal motives and intentions. And this
emphasis on what the company is "doing" often raises concerns about the environment, worker
rights, and long-term viability.

Business ethics deals with issues such as honesty, rights, equity, and the exercise of corporate
power in a slightly different way. CSR can address any of these topics, but it usually focuses on the
last one, namely, corporate power exercise.

Employees, consumers, local governments, and the environment are just a few of the stakeholders
that companies must consider today. To put it another way, corporations are legal entities with
legal rights and a set of moral obligations that people who have an effect on others bear. That is
the subject of business ethics as it relates to companies.