RSM100Y1 Chapter Notes - Chapter 2,4, 5: Double Taxation, Zipper, Radio-Frequency Identification
Document Summary
Organizations combine ethical behaviour with profitable operation. Business ethics: standards of conduct and moral values regarding right and wrong actions in the business environment. Csr: corporate social responsibility: objective: to enhance society"s well-being through philosophies, policies, procedures and actions. Sarbanes-oxley act of 2002: u. s. federal legislation designed to deter and punish corporate and accounting fraud and corruption. Designed to protect the interests of workers and shareholders by requiring enhanced financial disclosures, criminal penalties for ceos and cfos who defraud investors, and safeguards for whistle-blowers. The act also established a new regulatory body for public accounting firms: c-sox is the canadian version. Three pronged approach to ethics and social responsibility: 1. Engaging in traditional corporate philanthropy (donating: 2. Identifying opportunities to create value by doing the right thing. Internet unethical behaviour (i. e. data breach, internet abuse) Individual ethics: family, education, culture, firm environment and religion shape our responses.
