corporate leaders with moral, Christian values and upholding the highest ethical standards of practice through excellent service delivery to humanity and carry out social responsibility of the business to all its stakeholders. This course helps students to identify, build and promote moral skills of the leaders that are needed most, including integrity, responsibility, compassion, and forgiveness throughout the organization. The course covers the benefits derived from entrepreneurship and importance of social responsibility as another goal of business.
Effective corporate governance of the
business will raise investor confidence, and thus trust, in the companies and develop capital markets that will help achieve high sustained growth for the business and the economy. Corporate governance provides an overview of our corporate governance system and sets foundations for students to make corporate managements more accountable, and their auditors more rigorous. The course will include OECD corporate governance, SEC corporate governance, BSP corporate governance and the white paper for Asia. Corporate social responsibility is seriously considering the impact of a company’s action on society. It requires the company to consider its acts in terms of a whole social system and is held responsible for the effects of its acts anywhere in that system. Corporate social responsibility in a globalized industrial world is about making the business investment and the community promise sustainable for the company and for the communities we operate in, its people and environment. 1. LEADERSHIP 2. INTEGRITY 3. RESPECT 4. RELATIONSHIP 1.Leadership 2. INTEGRITY the quality of being honest and having strong moral principles; moral uprightness 3. RESPECT LEVEL I : ECONOMIC –the first and foremost social responsibility of a firm is economic. The firm must survive by producing goods and services at a profit. LEVEL II: LEGAL- society expects firms to operate their business within the legal framework. LEVEL III: ETHICAL – these responsibilities are those over and above the ones codified in laws and are in line with societal norms and customs. They are expected, though not required, by society even though they may be ill defined. This could include things such as environmental ethics. LEVEL IV: PHILANTRHROPY – corporate giving is discretionary although increasingly desired by stakeholder communities. Participants ◦ Investors/ stockholders ◦ Owners / managers Change Issues ◦ Hyper competition ◦ Globalization Trust ◦ Trust grows when performance meets expectation; ◦ Distrust if fails to meet expectation Participants ◦ Those with contracts with firm ◦ Owners / managers • Change Issues ◦ Need for flexibility ◦ Internationalization Trust ◦ Trust grows when keeps legal and social contracts over time; ◦ Distrust if do willing to violate them Participants ◦ Primary and secondary ◦ Owners / managers • Change Issues ◦ Information access to firm increases ◦ Systems open to scrutiny • Trust ◦ Trust grows when stakeholders feel included in decision making ◦ Distrust if feel excluded Participants ◦ Spokespersons for tertiary ◦ Owners / managers • Change Issues ◦ Pressure to include tertiary ◦ Worry about environment • Trust ◦ Trust grows when firm willing to negotiate with spokespersons for tertiary ◦ Distrust if feel excluded 1. Reputation and brands management 2. Business Risk Management 3. Employee Recruitment, Motivation and Retention 4. Access to capital 5. Learning and innovation 6. Cost savings and operational efficiency 7. Competitiveness and market positioning 8. Social License to operate 9. Improved Relation with regulators 10..Organizational transformation and continued improvement Understand the footprints an organization leaves in the world around you using the following framework: 1. Governance and management practices 2. Human resource management 3. Environment, health and safety 4. Community investment and involvement, and 5. Human Rights