Name: MARY ANN ALTEROS Year & Section: 3B MM

Subject: BA CORE 6 Date: October 20,

2020

EXPLAIN

1. How is business ethics linked with Corporate Social

Responsibility (CSR)?

Business Ethics has a big role in Corporate Social Responsibility

as it forms out somewhat different territory having to do with issues
like honesty, rights, equity and the exercise of corporate power
towards the society. Business Ethics considering the responsibilities
and obligations not only to stockholders or towards the workplace but
also within the scope of society and to the environment. It is very
important to have a business ethics in the Corporate social
responsibility because you’re not only focusing on the company
internally but having it, teaches you on how to be amenable in your
surrounding as well as in social group. Every organization takes moral
obligation towards society. CSR is one of such moral obligation.
Means corporations should not be the cause of concern for
environment pollution as I mentioned earlier. Doing business without
harming any others and the environment are the moral responsibility
of corporations towards society. Whatever positive things corporate get
from society are to be returned back in a most optimistic way by the
corporate. This relationship between business ethics and corporate
social responsibility as any ethical company must abide by the rules
of society and as a good citizen. Business ethics and CSR linked
together because they cannot be separable, if you want a business
that does behave ethically and want to contribute to economic
development while improving quality of life you must linked it together
to have a better organization in the future.

2. How is business ethics linked with Good Governance?

Business Ethics are part of good governance, throughout the years

of trade and business became a primary way of life of by the people. In
recorded history, trade has been a significant contributor to the
development of individual communities and of society in general.
Business reputation and ethics have played a role in that
improvement. The bigger the business entity becomes some form of
governance is necessarily. Businesses whether they are sole
proprietorship, partnership or corporations need to assured that they
are maintaining business practices that guarantee business ethics
and trustworthiness to their customers.
Example in the early 1980s, cyanide was discovered in bottles of
Tylenol in the Chicago area. The poisoning was intentional, rather
than an industrial accident. McNeil Laboratories, a subsidiary of
Johnson & Johnson, was the manufacturer. When they learned of the
danger to the public, they did the right thing—the ethical thing. They
recalled every bottle of Tylenol on the shelves of every store that sold
them, and they replaced them with newly redesigned tamper-proof
packaging (https://www.nytimes.com/2002/03/23/your-money/IHT-
tylenol-made-a-hero-of-johnson-johnson-the-recall-that-started.html).
This is the best way example of a company that have a GOOD
GOVERNANCE AND ETHICS! because Good Corporate Governance
with business ethics are the key to growing profits and reputation of
each company.