MGMT 1 Chapter Notes - Chapter 4: Insider Trading, Corporate Social Responsibility

• School: UC-Irvine
• Department: Management
• Course: MGMT 1
• Professor: Grace Mc Laughlin

Document Summary

Ethics standards of moral behavior, that is, behavior accepted by society as right versus wrong. Legality refers only to laws written to protect people from fraud, theft, and violence. Compliance-based ethics codes ethical standards that emphasize preventing unlawful behavior by increasing control and by penalizing wrongdoers. Integrity-based ethics codes ethical standards that define the organization"s guiding values, create an environment that supports ethically sound behavior, and stress a shared accountability among employees. Whistleblowers insiders who report illegal or unethical behavior. Corporate social responsibility (csr) a business"s concern for the welfare of society. Corporate philanthropy the dimension of social responsibility that includes charitable donations. Corporate social initiatives enhanced forms of corporate philanthropy directly related to the company"s competencies. Corporate responsibility the dimension of social responsibility that includes everything from hiring minority workers to making safe products. Corporate policy the dimension of social responsibility that refers to the position a firm takes on social and political issues.