Global Peter Drucker Challenge Essay Contest Social Responsibility and Managerial Ethics A Focus on MNCs Prepared by: Kidus G.Mehalu Addis Ababa, Ethiopia August 2011 Social Responsibility and Ethics of MNCs The 2nd Peter Drucker’s Challenge Social Responsibility and Managerial Ethics -A Focus on MNCs . 1.1 Introductory Remarks Managers today are usually quite sensitive to issues of social responsibility and ethical behavior because of pressures from the public, interest groups
Words: 3216 - Pages: 13
Creating an Effective Code of Ethics for Widget Tech Inc. 11/23/2009 David G. Montague | Summary Widget Tech Inc. is in need of update the company’s current code of ethics due to growth of the company and the changing workforce. Research has been conducted to revise the current policy and address topics that were previously overlooked. Widget Tech Inc. is a company that stresses both corporate and personal integrity. We not only comply with laws and applicable regulations; but we
Words: 1367 - Pages: 6
Code of Business Ethics Third Edition Reprint Third Edition tA B L E o F C o n t E n t S oUR EtHICAL FoUndAtIon, oUR CoRE VALUES And oUR KEy dRIVERS ........................1 Our Code of Business Ethics ..........................................2 We are passionately focused on business results and customer success. ........................................14 Fair Dealing .....................................................................14 SECtIon I EtHICAL BEHAVIoR We
Words: 8938 - Pages: 36
INTRODUCTION TO ETHICS WHAT IS ETHICS Ethics is a major branch of philosophy, encompassing right conduct and good life. It is significantly broader than the common conception of analyzing right and wrong. A central aspect of ethics is "the good life", the life worth living or life that is simply satisfying, which is held by many philosophers to be more important than moral conduct. Simply put, ethics involves learning what is right or wrong, and then doing the right thing -- but "the right thing"
Words: 7577 - Pages: 31
PUBLIC SECTOR ACCOUNTING A. Institutional Framework for Public Sector Accounting 5. The institutional framework should include adherence to IFAC-issued International Accounting Standards. And it should support the groundwork for qualified accounting staff to provide the timely, relevant, and reliable financial information needed to support all fiscal and budget management, decisionmaking, and reporting processes. The diagnostic questionnaires that were used in this assessment collected information
Words: 1667 - Pages: 7
Business Ethics | Table of Contents 1.1 Business Ethics: 3 1.2 Absolute and Relative ethics 3 .3 Explain the ethical issues which can affect the operational activities of a business: 4 2.1 explanation of how business objectives are affected by ethical considerations 6 2.2 evaluation of the implications for a business and its stakeholders to operate ethically 7 3.1 Assessment of the role of the company acting as moral agent: 8 3.2 Analysis of the development of mechanisms for achieving employee involvement
Words: 3295 - Pages: 14
Business Ethics Assessor Mr. Rowland Njagi Date issued: 10/09/2013 Date of Submission: 23/09/2013 Assignment brief 1: Ethical issues Ethical issues that a business should consider in its operations. A case study of Safaricom Ltd. Business ethics are the accepted principles of right or wrong governing the conduct of business people. An ethical strategy is a strategy or course of action that does not violate these accepted principles. Ethics committee of Safaricom Company Ltd An Ethics committee
Words: 2075 - Pages: 9
efficient by letting investors compare companies from different countries. In particular, the issue of American adoption of International Financial Reporting Standards (IFRS) is of importance because IFRS standards are used by companies in many countries around the world, including all the countries in the European Union, and some say that the best hope for assuring that the international standards are uniformly followed would be having The Securities and Exchange Commission (SEC), responsible for deciding
Words: 2102 - Pages: 9
Ethics – can we merge AICPA and IFAC ethics standards? AC504 March 10, 2013 INTRODUCTION There are many challenges and obstacles facing the accounting profession with the convergence towards a globally accepted accounting reporting structure and a global ethics structure. Today’s economy is becoming globally smaller and more importantly the economy from all fronts is becoming more co-dependent on one another from a domestic and international perspective regarding finance, raw materials
Words: 1818 - Pages: 8
Potestad, Diane Mae S. Mgt210 2.35-4.05 CODE OF ETHICS LEGEND OIL AND GAS, LTD. CODE OF ETHICS OF DIRECTORS AND OFFICERS This Code of Ethics (this “Code”) shall apply to all directors and officers, or persons performing similar functions, (collectively, the “Covered Persons”) of Legend Oil and Gas, Ltd. (the “Company”). Covered Persons have an obligation to the Company, its investors and the investment community in general to maintain the highest standards of honest and ethical conduct. In recognition
Words: 1566 - Pages: 7
