RSM100Y1 Chapter Notes - Chapter 2: Public Company, Canadian Human Rights Commission, Consumerism
Document Summary
In 2010, industry canada began a new voluntary standard on social responsibility, known as iso sr26000: focuses on seven principles: International norms of behaviour: has led to more firms paying attention to creating clearer standards and procedures for ethical behaviour. Business ethics: standards of conduct and moral values regarding right and wrong actions in the business environment. The ethical values of executives and individual employees at all levels can influence a business"s decisions and actions. Business ethics are also shaped by the ethical climate within an organization or even within a country (i. e. working age). A recent study found that 49% of employees surveyed witnessed misconduct on the job in 2009, down from 56% in 2007. Walmart canada has grouped its social responsibility priorities into four broad categories: environment, people, responsible sourcing, the community. Sarbanes-oxley act of 2002: u. s. federal legislation designed to deter and punish corporate and accounting fraud and corruption.
