Presentation on theme: "Ethics, Leadership Mr. John Rouda DIFD 321 Winthrop University."— Presentation transcript:
Ethics, Leadership Mr. John Rouda DIFD 321 Winthrop University
Ethics Standards of moral behavior, that is, behavior that is accepted by society as right versus wrong.
Ethical Decision making 5 steps: Recognize an ethical issue Get the facts Evaluate alternative actions Act on your decision Reflect on your decision
Compliance-based ethics Prevent unlawful behavior by increasing control and penalizing violations
Integrity-based ethics Define the organizations guiding values and create an environment that supports ethically sound behavior
Sarbanes-Oxley 2002 Act Set new standards for ethical codes within publically traded businesses.
Corporate Philanthropy Corporate Philanthropy: Those activities that companies voluntarily undertake to have a positive impact on society, including cash contributions, contributions of products and services, volunteerism, and other business transactions to advance a cause, issue or nonprofit organization. Donating money and other corporate resources to social causes. Corporate philanthropy refers to the practice of companies of all sizes and sectors making charitable contributions to address a variety of social, economic and other issues as part of their overall corporate citizenship strategy. Corporate philanthropy is a key component of a corporation’s broader social responsibility and includes cash gifts, product donations and employee volunteerism. It serves as a major link between the corporation and its communities.
Corporate Responsibility Corporate Social Responsibility: Obeying the letter and spirit of the law; mitigating or remedying operational harm; and sustainable development of natural resources. Achieving commercial success in ways that honor ethical values and respect people, communities, and the natural environment. Addressing the legal, ethical, commercial and other expectations society has for business, and making decisions that fairly balance the claims of all key stakeholders. Companies that consciously integrate strategies that seek to maximize the creation of environmental and social value within their core business models, operations and supply chains.