IBUS1101 Lecture Notes - Lecture 4: Corporate Social Responsibility, Harvard Business Review, Appropriate Behavior
18 Jul 2018
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Document Summary
Week 4 ethics, corporate social responsibility, sustainability and governance in. Ethical behaviour and its importance in international business: Ethical behaviour is essential for successful business in today"s global marketplace. Ethical behaviour is about doing the right things" for the company, the employees, the community, the government, and the natural environment. It requires companies to act in ways that all stakeholders consider honest, transparent and fair. Global business leaders define ethical behaviour in terms of four key components: corporate governance: Corporate governance is the system of procedures and processes by which corporations are managed, directed, and controlled. Corporate governance provides the means through which the organisation"s directors and managers undertake ethical behaviour, corporate social responsibility, and sustainability. Corporate governance provides the structure through which the objectives of a company are set and the means of attaining those objectives and monitoring performance are determined: corporate ethics:
