...3. Corporations practicing stakeholder management will be more sustainable. Discuss. Over the years, social and ethical concerns have brought attention to the community that caused much bitter conflict to the relationship between business and society. As people become better educated and more affluent, rising expectations naturally follow for major institutions and these developed a backdrop against which criticisms towards businesses have grown. Therefore, these created the need for them to assume greater societal responsibilities rather than mere ruthless pursuit of own profits. Many businesses today share the same viewpoint that making profit for profit’s sake no longer leads to sustainable performance, stakeholder management has become an increasingly important aspect of a business’ operation integrating traditional economic considerations with environmental and social concerns (Jones 2012). While doing well and doing good are no longer seen to be mutually exclusive, corporations practicing stakeholder management is highly debated to be sustainable to a large extent. With all the benefits that it brings, this approach however also has its fair share of limitations to be discussed later in this essay. Outlining the term ‘sustainability’ Sustainability is the capacity to endure. One of the best known general definitions about sustainable development was expressed as “meeting the needs of the present without compromising the ability of future generations to meet their...
Words: 2049 - Pages: 9
...Running Header: Ethics Ethics and Local Governance Tristanjay V. Llantada Dr. Amir Afzal CIS 106 OCT 28, 2012 Ethics and Local Governance Whether dealing with business or local government, having to follow an ethical standard can help create an environment for people to feel comfortable. In a society where your data can be manipulated and use wrongfully, feeling comfortable will be hard to consider. Having an unstable system on a local government level, those stores your data can have an impact on a person’s life. For a while, the London Borough of Brent in the U.K. (United Kingdom) has stored citizen’s data on 12 different databases. The council’s divisions have their own copy of a resident’s data. Those copies were either incomplete or incorrect. The council also has two customer relationship management systems that have their own data of the resident with incontinences. First problem in this situation is that all of the resident’s data are scattered across different databases. Second issue is each database has different information then what another database has. “Employees would spend much of their time calling other departments to find out supplementary information” (Hudson, H. 2011, November 3). Confusion to a resident may occur if one department knows that person has a disability but other departments might have them as having no disability. In order to fix this huge problem, the council used what was called the Brent Client...
Words: 506 - Pages: 3
...TECHNOLOGY PARK MALAYSIA BUSINESS ETHICS AND GOVERNANCE INTAKE : UC2F1310IBM MODULE NAME & CODE : BM016-3.5-2-BEG LECTURER NAME : FARAHIDA BINTI ABDUL JAAFAR STUDENT NAME : ALLY HUMUD SALEH STUDENT ID : TP024190 HAND IN DATE: 29th JAN 2014 Contents CASE A 3 Background of the case 3 Evidence of Fabrication 4 Ethical Dilemma of the Case 5 Effect Stakeholders 6 Question 1: 7 Question 2: 7 Question 3: 8 Question 4: 8 Question 5: 9 Question 6: 9 Recommendation 9 Conclusion 10 Reference 11 CASE A Background of the case Jayson Blair is a former reporter of The New York Times Magazine who was fired for pretending to report from sites around the country while he was actually holed up in his Brooklyn apartment. Jayson Blair was born in March 23, 1976 in Virginia. At an early age he become a news reporter were by he wrote for his school paper at Centreville High School in Clifton. Later on he started working for a community newspaper at his teens. He went on to the journalism program at the University of Maryland's College Park campus (1994-98), where his talents boosted him to the editorship of its student newspaper named Diamondback. During his undergraduate days, he landed prestigious journalism internships at both the Boston Globe and the Washington post. (Jayson Blair, 2004) He then joined The New York Times magazine as an interning in 1998 and were he was offered an extended internship, which he declined in order to complete more...
Words: 2652 - Pages: 11
...Ethics has been defined as “moral principles that govern a person’s or group’s behavior”. Ethics affect different professions in different ways. Since citizen data is basically a bunch of records and files, I looked up a code of ethics for Record Managers locally and internationally. I found that there are multiple groups that work throughout the world helping governments with the records that they keep, the only one that I actually found that had a code of ethics was the Institute of Certified Records Management (CRM). The CRM’s code of ethics is extensive and very well put together. You have to actually become a member and if you are accused of unethical behavior you have to go through an ethical review board which determines if you can continue to use their designation. Two ethical issues that I believe are associated with the consolidation of citizen records in the London Borough of Bren are respecting the rights of privacy of individuals whose lives may be documented in intimate detail in those records and government agencies and other people can misuse the gathered information for their personal gain. The privacy issue would probably be my biggest concern since there can be very sensitive information about disabilities, mental and physical health issues, etc. listed in them. Government agencies can use the information to profile different groups of individuals on their actions, beliefs, and race. They can also use the information to seclude individuals from the majority...
Words: 341 - Pages: 2
...TABLE OF CONTENTS Pages 1. Executive Summary 3 2. Main Issues 4 3. Ethics Policy and its Development 5 3.1. Proposed Ethics Policy 5 3.2. Rationale of Ethics Policy 6 3.3. Policy Development 6 3.3.1. Virtue Ethic 7 3.3.2. Utilitarianism Ethic 7 3.3.3. Kantianism Ethic 8 3.4. Corporate Social Responsibility 8 4. Implementation, Effectiveness, and Limitations 9 4.1. Implementation of Ethics Policy 9 4.2. Effectiveness of Ethics Policy 10 4.3. Limitations of Ethics Policy 11 5. Conclusion 12 6. Reference List 14 1) Executive Summary The Coca-Cola Company was founded in 1892. The company, till date, offers a wide range of products to meet different demands of customers all over the world. Coca-Cola not only produces and sells soft drink and non-carbonated beverages; they also distribute bottled waters around the world. Increasing shareholder values would be any major company’s target, likewise Coca-Cola’s, having to keep costs low but yet selling the customers their trusted quality products. Coca-Cola operates in a very competitive environment being in the beverages industry. In 1893, Coca-Cola’s greatest competitor, Pepsi-Cola, came into the market, and rivalry has been going on from then till now. Competition leads...
Words: 2851 - Pages: 12
...Petroleum Industry: Corporate Governance Report GROUP 9 INDIAN OIL Corporation Corporate Governance Philosophy IndianOil believes that good Corporate Governance practices ensure ethical and efficient conduct of the affairs of the Company and also help in maximizing value for all its stakeholders like customers, employees and society at large in order to build an environment of trust and confidence among all the constituent IndianOil recognizes that good Corporate Governance is a continuous exercise and reiterates its commitment to pursue highest standards of Corporate Governance in the overall interest of all its stakeholders Corporate governance framework Code of Conduct for Directors and Senior Management Personnel Code of Conduct for prevention of Insider Trading Enterprise Risk Management Policy Integrity Pact to enhance transparency in business Whistle Blower Policy Conduct, Discipline and Appeal Rules for employees Corporate Social Responsibility / Sustainable development Human Resources initiatives Board of Directors 2011-12 2012-13 2013-14 Chairman 1 1 1 Director 7 7 7 Govt. nominee director 2 2 2 Independent director 6 5 8 Board of directors (2013-14) Board of directors (2012-14) Board of Directors (2011-12) Board meeting (2013-14) The meetings of the Board of Directors are generally held once in a month. During the financial year 2013-14...
Words: 1363 - Pages: 6
...IT Consultation for Mr. Green Kenya Newton Cynthia Orth CIS 329 – Administering Desktop Clients Ethics and Local Governance Ethics has been defined as “moral principles that govern a person’s or group’s behavior”. Ethics affect different professions in different ways. Since citizen data is basically a bunch of records and files, I looked up a code of ethics for Record Managers locally and internationally. I found that there are multiple groups that work throughout the world helping governments with the records that they keep, the only one that I actually found that had a code of ethics was the Institute of Certified Records Management (CRM). The CRM’s code of ethics is extensive and very well put together. You have to actually become a member and if you are accused of unethical behavior you have to go through an ethical review board which determines if you can continue to use their designation. Two ethical issues that I believe are associated with the consolidation of citizen records in the London Borough of Bren are respecting the rights of privacy of individuals whose lives may be documented in intimate detail in those records and government agencies and other people can misuse the gathered information for their personal gain. The privacy issue would probably be my biggest concern since there can be very sensitive information about disabilities, mental and physical health issues, etc. listed in them. Government agencies can use the information to profile different...
Words: 753 - Pages: 4
...Case Study 1: Ethics and Local Governance Introduction to Information Technology July , 2013 In 2007 a Transformational Government mandate focused on customer budget reductions of 3 percent year to year increasing the emphasis on regionally shared services for the London Borough of Brent. The area is approximately 270,000 citizens with the London Borough of Brent information scattered across numerous departments without the ability to share any of the information across the enterprise. The decision to create a master client index that will clean up duplicate and fragmented data files, improve operational efficiencies, there are over 1.5 million records of the 2700,000 citizens that will be matched and linked from several different databases, providing a real time view of each customer’s data, this process will be very beneficial and achieve optimal operational efficiency. The two potential ethics issues associated with the consolidation of citizen records in the London Borough of Bren. First the privacy of the information of the citizens within those records may contain intimate details about their lives that should be kept private would probably be my biggest ethics issues concern. Some people enjoy their privacy and don’t want their information readily available for people to see without their consent. Some of information of the citizens records listed within the database could be very sensitive and personal information about someone’s disabilities, medical records, mental...
Words: 787 - Pages: 4
...The Internet has taken an intricate and deceptive approach in the 21st century. With the always-constant advancement of technology, the Internet has grown to be a medium where, individuals utilize it as a platform to conduct criminal activities. Some criminal activities account for: fraud, cyber warfare, financial misconduct, and cyber-bullying. This has grown to be an incredible concern as human safety has been established as the main topic of conversation. With regards too the governance geography of criminal activities, “criminal organizations [as well as, individuals] cloak their power in the mantle of state authority” (Williams). However, “this [does not] suggest that the criminal interaction will determine all aspects of state behavior” (Williams). Furthermore, criminal organizations continue to “entrench themselves in weak states in the former Soviet Union, Africa, Latin America and parts of Asia, [due to] differing degrees of vulnerability” (Williams). Imperviousness to solve these limitations is an approach that must be taken. Instead of acknowledging the ideology of compromising human security, economic and social concerns, there should be some sort of regulation rules implemented. However, there is, “a possible consequence of global divide caused by competing ideologies [over a] struggle for power” (Williams). It is most likely that, states that advocate, “law and order [are the same ones] that are dominated by criminal interests and criminal authorities” (Williams)...
Words: 845 - Pages: 4
...ACCOUNTING 4600 FALL 2013 ETHICS ASSIGNMENT 2 CARIBBBEAN BREWERS: TRANSFER PRICING, ETHICS AND GOVERNANCE Page set up: One inch margins, Times New Roman 12 point font. Double spaced. Two pages. As future professional accountants, you must possess excellent written communication skills if you are to be successful. Therefore, we have adopted the “Fatal Flaws” approach in grading written assignments in this course. See the Fatal Flaw” policy below. In your essay, you should address the following. This does not mean answer the questions as separate items. They should be woven into a well written narrative. 1. What is the main issue? 2. Why is it an issue? 3. Which part of the conceptual framework is applicable to this situation? 4. Do the cost allocation and pricing policies make sense? 5. What is the impact of the pricing and cost allocation system on the financial statements? 6. Who are the stakeholders? 7. Which, if any, stakeholders are impacted? 8. Who is the CEO responsible to? 9. What should the CEO report to the Board of Directors? “FATAL ERROR LIST” ------------------------------------------------- D.J. Eder, Ph.D. In an effort to assist with enhancing your writing skills, the School of Accountancy has adopted the “Fatal Error” policy in its curriculum. This listing was derived from the accreditation experts; the policy allows for making writing development a priority in your learning. Learning to avoid the...
Words: 416 - Pages: 2
...Assignment #2 – Family Related Law, Ethics, and Corporate Governance – LEG 500 May, 2011 1. Explain if it matters that a parent literally had nothing to do with a biological child in order for the child to take advantage of the Family and Medical Leave Act (FMLA) to care for that parent. Under the Family and medical Leave Act (FMLA), a child can take care of their biological parent. This is even true even if that parent literally had nothing to do with the child growing up. The Family and Medical Leave Act (FMLA) provides an entitlement of up to 12 weeks of job-protected, unpaid leave during any 12-month period to eligible, covered employees for the following reasons: 1) birth and care of the eligible employee's child, or placement for adoption or foster care of a child with the employee; 2) care of an immediate family member (spouse, child, parent) who has a serious health condition; or 3) care of the employee's own serious health condition. It also requires that employee's group health benefits be maintained during the leave. The FMLA is administered by the Employment Standards Administration's Wage and Hour Division within the U.S. Department of Labor (www.dol.gov). 2. Explain whether the size of the business can have any effect on whether Tony is eligible for family leave under the FMLA. The Family & Medical Leave Act (FMLA) applies to your company if you employ over 50 employees within 75 miles of the worksite, and at least 50 of your employees...
Words: 768 - Pages: 4
...Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global Environment Governance And Ethics In The Global...
Words: 372 - Pages: 2
...B: Short Notes | Question | Answer | 11(continued)1(continued) | Clause 49The term ‘Clause 49’ refers to clause number 49 of the Listing Agreement between a company and the Stock Exchanges on which it is listed. The Listing Agreement is identical for all Indian Stock Exchanges, including the NSE and BSE. This clause is a recent addition to the Listing Agreement and was inserted as late as 2000 consequent to the recommendations of the Kumar Mangalam Birla Committee on CG constituted by SEBI in 1999. Clause 49, when it was first added, was intended to introduce some basic CG practices in Indian companies and brought in a number of key changes in governance and disclosures (many of which we take for granted today). In late 2002, the SEBI constituted the Narayana Murthy Committee to “assess the adequacy of current corporate governance practices and to suggest improvements.” Based on the recommendations of this committee, SEBI issued a modified Clause 49 on October 29, 2004 (the ‘revised Clause 49’) which...
Words: 4860 - Pages: 20
...The Importance Of Corporate Ethics and Values: Building a Sustainable Strategy Model for Effective Implementation of Good Corporate Governance within a State-Owned Enterprise in South Africa. A Research Study Presented to the Graduate school of Business Leadership University of South Africa In Fulfillment of the Requirements for the MASTERS DEGREE IN BUSINESS LEADERSHIP UNIVERSITY OF SOUTH AFRICA Prepared by Lazarus Docter Mokoena (called Bonga) [Student No: 0555-418-7] Tel: 011-217 1187 (Work); 011-679 5486 (Home) Cell: 082 466 6896 SUPERVISOR: PROFESSOR M.H. CROSBIE FINAL RESEARCH REPORT November 2005 TABLE OF CONTENTS EXECUTIVE SUMMARY ............................................................................. 4 CHAPTER 1 ............................................................................................... 8 1. 1.1 1.2 1.3 1.4 1.5 1.6 INTRODUCTION................................................................................. 8 ESKOM’s COMPANY BACKGROUND ................................................ 8 ESKOM’s BUSINESS CONDUCT POLICY .......................................10 PURPOSE OF THE RESEARCH .......................................................12 PROBLEM STATEMENT .................................................................14 IMPORTANCE AND BENEFITS OF STUDY .....................................17 RESEARCH PROPOSITIONS AND HYPOTHESIS ...........................18 1.6.1 Propositions ...................................
Words: 27408 - Pages: 110
...Report Report Question Corporate governance, how a company is run, is becoming an important issue for companies to consider due to numerous recent high-profile corporate failures. As a result, businesses are starting to use a corporate governance statement as a way to communicate their corporate governance practices and promote their ethical credentials to interested parties, such as shareholders. This statement is often incorporated into the company’s annual report. To assist with the development of good corporate governance and clear corporate governance statements the ASX Corporate Governance Council has developed a set of principles and recommendations to guide companies. Explain what corporate governance is and its relationship to business ethics. Select the key principles in the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations that focus on ethics and explain how the principle relates to ethics. Evaluate how well your BACC001 Accounting for Business company’s corporate governance statement communicates information related to the ethics focused principles in the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations. Reading List Corporate Governance Principles and Recommendations (ASX Corporate Governance Council 2010) ‘Corporate Governance and Business Ethics: Insights from the strategic planning experience’ (Bonn & Fisher 2005) ‘Examining Corporate Governance Policies as a Routine Part of Financial...
Words: 318 - Pages: 2
