COLEGIO DE STO.

NIÑO
B3 NUCENTRO EMA TOWN CENTER, CAMALIG, MEYCAUAYAN CITY, BULACAN
Tel No. (044) 769 3717 | Mobile No. 0917 315 1324
Email address: colegiodestoninomeycau@gmail.com

Corporate Accountability – refers to the act of

BUSINESS ETHICS being accountable to the stakeholders of an
organization, which may include shareholders,
AND SOCIAL employees, supplier, customers, the local
community and even the particular country.

RESPONSIBILITY 3. Transparency - it refers to the lack of hidden

agendas conditions, accompanied by the availability
Chapter 3: Core Principles in of full information required for collaboration,
Business Operations cooperation and collective decision making.

Corporate Transparency – describes the extent to

1. Fairness - refers to the level of even-handedness
which a corporation`s actions are observable by
in dispensing justice whereby claims are recognized
outsiders.
in the order of their legal and contractual priority.
4. Stewardship - is an ethic embodies the
Justice - means giving each person what he or she
responsible planning and management resources.
deserves. Justice and Fairness are closely related
Stewardship is the role of steward that manage
terms that are often today used interchangeably.
another property.
Principles of Justice
By applying all these principles, these result a
specific business benefits.
“Equal should be treated equally and unequal`s
unequally” – Aristotle
8 Business Benefits
Different Kinds of Justice
1. Enhanced reputations and good will
1. Distributive Justice – refers to extent to which
2. Reduced risks and costs
society`s institutions ensure that benefits and
3. Protection from their own employees and agents
burdens are distributed among society`s members
4. Stronger competitive positions
in a way that are fair and just
5. Expanded access to capital, credit, and foreign
2. Retributive or Corrective Justice – refers to the
investment
extent to which punishments are fair and just.
6. Increased profits
7. Sustained long-term growth
3. Compensatory Justice – refers to the extent to
8. International respect for enterprises and
which people are fairly compensated for their
emerging markets
injuries by those who have injured them.
Reference: Business Ethics & Social Responsibility
2. Accountability - is the obligation of an by Violeta L. Jerusalem
individual or organizations to account for its Marjueve M. Palencia
activities, accept responsibility for them, and to Jonas M. Palencia
disclose results in a transparent manner. It also
includes the responsibility for money or other Subject Teacher: Ebenezer R. Santos
entrusted property.
Submitted to: Mr. Japee Moros
(CSN-Academic Coordinator)
 COLEGIO DE STO. NIÑO
B3 NUCENTRO EMA TOWN CENTER, CAMALIG, MEYCAUAYAN CITY, BULACAN
Tel No. (044) 769 3717 | Mobile No. 0917 315 1324
Email address: colegiodestoninomeycau@gmail.com

Name:______________________________________________Date____________________________________

Section: ___________________ Subject: Business Ethics & Responsibility Score: __________________

Topics: Core Principles in Business Operations

1. Explain why it is important for business enterprise to practice these core principles in their
organization. (Explain each principle) (20 pts)