COMMERCE 1E03 Lecture Notes - Lecture 5: Corporate Social Responsibility, Federal Accountability Act, Business Ethics
3 Feb 2017
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Canadian companies that have been caught in unethical behavior: livent, cibc, world markets, nortel, westjet. Unethical behavior can be accused by: for-pro t businesses, government employees (elections canada) Corporate scandals: lottery corporations, research in motion (rim, federal government sponsorship scandal, hollinger international inc. To restore trust in the free-market system and leaders: those who have broken the law need to be punished accordingly, new laws making accounting records more transparent and more laws making business people more accountable. It refers to the albs we have written to protect ourselves from fraud, theft, and violence. The standards of moral behaviour; that is, behavior that is accepted by society as right versus wrong. Sources of basic moral values: integrity, respect for human life, self-control, honesty, courage, and self-sacri ce are right; cheating, cowardice, and cruelty are wrong: bible, aristotle"s ethics, william shakespeare"s king lear, the quran, analects of confucius. Golden rule: do unto others as you would have them do unto you.
