RSM100Y1 Chapter Notes - Chapter 2: Corporate Social Responsibility, Whistleblower, Choose The Right
Document Summary
Business ethics: standards of conduct/moral values regarding right and wrong actions in business environments. Corporate social responsibility: enhancing society"s well-being through philosophies, policies, procedures, and actions. > sarbanes-oxley act of 2002: new rules and regulations for securities trading and accounting practices. > us federal legislation designed to deter and punish corporate and accounting fraud and corruption; protects interests of workers and shareholders by requiring enhanced financial disclosures, criminal penalties for ceos and cfos who defraud investors, and safeguards for whistle-blowers. > ethics compliance officers: conduct employee training programs to help spot potential fraud and abuse, investigate sexual harassment and discrimination charges, monitors potential conflicts of interest. Engage in traditional corporate philanthropy, such as giving to worthy causes. Identifying opportunities to create value by doing the right thing. Cartier and tiffany & co. won"t purchase gems from myanmar because of civil rights violations.
