COMM 1010 Chapter 5: COMM 1010 - Chapter 5 Vocabulary.docx

• School: Dalhousie University
• Department: Commerce
• Course: COMM 1010
• Professor: Mc Larney

Document Summary

Ethics: standards of moral behaviour; that is, behaviour that is accepted by society as right vs. wrong. Compliance-based ethics codes: ethical standards that emphasize preventing unlawful behaviour by increasing control and by penalizing wrongdoers. Integrity-based ethics codes: ethical standards that define the organization"s guiding values, create an environment that supports ethically sound behaviour, and stress a shared accountability among employees. Whistleblowers: people who report illegal or unethical behaviour. Corporate social responsibility (csr): a business"s concern for the welfare of society as a whole. Corporate philanthropy: dimension of social responsibility that includes charitable donations. Corporate social initiatives: dimension of social responsibility that includes enhanced forms of corporate philanthropy that are more directly related to the company"s competencies. Corporate policy: dimension of social responsibility that refers to the position a firm takes on social and political issues. Insider trading: an unethical activity in which insiders use private company information to further their own fortunes or those of their family and friends.