MGM101H5 Chapter : 6th Lecture - Ethics and Corporate Social Responsibility
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MGM101H5 Full Course Notes
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Chapter 6: ethics and corporate social responsibility (page 122-147) In the past, managers have followed one rule in making business decisions: make the most money possible: companies that did things the fastest and the cheapest were the industry leaders. Consumers today demand socially responsible initiatives from most, if not all, companies whether it be through fair trade practices or the preservation of human rights: companies centered on corporate social responsibility are actually thriving in today"s business environment. Ethics is a reflection of the moral principles or beliefs about what an individual views as being right or wrong. Ponzi scheme: a type of investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Examples of federal felonies include securities fraud, investment adviser fraud, money laundering, theft from an employee benefit plan, falsifying sec filings, perjury associated with the ponzi scheme, and records falsification and the misrepresentation of results.
