CORPORATE SOCI/\L

RESPONSIBILITY
a n d G O O D G O V E RN A N
in the MILLENNIAL AGI

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CORPORATE SOCIAL RESPONSIBILITY
AND GOOD GOVERNANCE
IN THE MILLENNIAL AGE
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PROF. ANGELITA ONG CAMILAR-SERRANO, OBA

 CORPORATE SOCIAL RESPONSIBILITY
AND GOOD GOVERNANCE
IN THE MILLENNIAL AGE

COPYRIGHT 2019

Prof. Angelita Ong Camilar-Serrano, DBA

ISBN: 978-621-427-063-7

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 PREFACE iii

CHAPTER 1
ETHICS AND IUSINESS.
II
Nature of Business 2
The Importance of Ethics in Business 5
The Relationship Between Ethics and Business 6
The Morality of Profit 8
Ethics and Morality in Business 15
My Ethical Reflection 19
Ethical Quiz 23
Ethical Case 25

CHAPTER 2
NORMATIVE ETHICAL THEORIES I
IN BUSINESS DECISION-MAKING 31-82]

The Nature of Normative Ethics 32

Kohl berg's Stages of Moral Development 35
The Machiavellian Principles 41
Utilitarianism of Jeremy Bentham 48
The Kantian Ethics of Immanuel Kant 53
The Principles of Justice by John Rawls 57
The Legal Positivism of Thomas Hobbes 61
Divine Command Ethics 64
Ethical Egoism of Ayn Rand 66
My Ethical Reflection 69
Ethical Quiz 73
Ethical Case 77
CHAPTER 3
GOOD GOVERNANCE AND CODE OF ETHICS 83- 112

Concepts of Good Governance 84

Ethics, Values and Moral In Governance 90
Individuals Influences on Ethical Behavior 91
Situational Influences on Ethical Behavior 94
Codes of Ethics 99
Codes of Conduct 103
My Ethical Reflection 105
Ethical Quiz 109
Ethical Case 111

CHAPTER 4
CORPORATE GOVERNANCE AND ETHICS 113- 146

Corporate Governance 114

Potential Challenges in Corporate Governance 119
The Two Distinct Approaches to Corporate 121
Governance
The Agency Theory 123
The Stewardship Theory 127
The Stakeholder Theory 129
My Ethical Reflection 135
Ethical Quiz 141
Ethical Case 143
 APTER 5
RPORATE SOCIAL RESPONSIBILITY
D ETHICS 147- 190

The Concept of Corporate Social Responsibility 148

Drivers of CSR
151
Historical Phases of CSR
152
Different Views of CSR
155
Pyramid of Corporate Social Responsibilities 158
Social Responsibility to Stakeholders
162
My Ethical Reflection
177
Ethical Quiz
181
Ethical Case
185

CHAPTER 6
ETHICAL ISSUES AND PROBLEMS
IN THE BUSINESS WORLD 191- 244

Employee Favoritism
192
Gift-Giving and Bribery
193
Discrimination and Harassment
198
Health and Safety
200
Incorrect Accounting
203
Social Media
205
Whistleblowing 206
Nondisclosure and Corporate Espionage 207
Conflict of Interest 212
Just Compensation 214
Wrongful Dismissal 217
Money Laundering 219
Insider Trading 222
Multi-Level Marketing and Pyramiding 223
Mergers and Acquisitions 225
Environmental Issues 227

vil
 Unfair Competition 231
My Ethical Reflection 23.3
Ethical Quiz 237
Ethical Case 239

CHAPTER 7
DEVELOPING GOOD WORK ETHICS
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The 5Cs Model of Work 246

Work Ethics 251
My Ethical Reflection 261
Ethical Quiz 265
Ethical Case 267

REFERENCES 269- 286

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