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Unit 17

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21 views

Unit 17

Uploaded by

Duke Bách
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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BUSINESS

ETHICS
Unit 17
CORPORATE
SOCIAL
RESPONSIBILITY
OBJECTIVE

• Define corporate social responsibility and the triple


bottom line approach
• Compare the sincere application of CSR and its use as
merely a public relations tool
• Explain why CSR ultimately benefits both companies
and their stakeholders
17.1 CSR?

• a business = a member of
society with certain implicit
social obligations and
environmental responsibilities
• a response to the backlash
corporations face for a long
track record of harming
environments and communities
in their efforts to be more
efficient and profitable.
HOW FAR DO YOU
U N D E R S TA N D A B O U T
RESPONSIBILITIES OF
C O M PA N I E S TO T H E
SOCIETY?
CSR

• Corporate social responsibility


(CSR) is a strategy undertaken
by companies to not just grow
profits, but also to take an
active and positive social role
in the world around them. The
term is also associated with the
related term corporate
citizenship.
17.2 THE BENEFITS OF CSR

• Corporations have responded to stakeholder concerns


about the environment and sustainability
• All stakeholders exist in an interdependent network of
relationships, and what is most needed is a sustainable
system
• How can corporations and their stakeholders measure
some of the effects of CSR programs?
THE TRIPLE BOTTOM LINE
CSR AS
PUBLIC
R E L AT I O N S T O O L

Carrying out superficial CSR


efforts that merely cover up
systemic ethics problems in this
inauthentic way (especially as it
applies to the environment),
and acting simply for the sake
of public relations is called
greenwashing
STORY B E HIN D
YOUR COKE
• “Engaging stakeholders in long-term
dialogue” = ongoing and reciprocal
relationship that helps improvement be
continuous?
• Commitment to “stakeholder engagement
as a core component of business and
sustainability strategies” = clear, honest,
transparent reporting?

>< millions of liters of water are removed


from the Earth to make Coke products
T H E U LT I M A T E
S TA K E H O L D E R
BENEFIT

• CSR used in good faith =>


reshape the orientation of
multinational corporations to
their stakeholders
• In return, global corporations
will have sustainable business
models that look beyond
short-term growth forecasts.
L AW A N D E T H I C S :
R E L AT I O N
• The law is needed to establish and maintain a
functioning society: strictly mandatory
• compliance in terms of business ethics generally
refers to the extent to which a company conducts its
business operations in accordance with applicable
regulations, statutes, and laws: a baseline minimum.
• Ethical observance builds on this baseline
• Ethical acts are generally considered voluntary and
personal—often based on our perception of or stand on
right and wrong.
17.3 BUSINESS RESPONSIBILITY IN ANTI
CORRUPTION

Anti-corruption contributes to protecting the national


politic regime and the rule of law;
Anti-corruption contributes to the country's economic
growth and improves people's living standards
Preventing and combating corruption contributes to
maintaining traditional moral values ​and good social
relations
Anti-corruption contributes to strengthening people's
trust in the regime and the law
OPEN DISCUSS

How individual or
business do to enhance
anti corruption attitude?
ANTI-CORRUPTION WORK IN THE PRIVATE SECTOR

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Corruption in business activities such as bribery, embezzlement, property
embezzlement, insider trading, accounting fraud, tax evasion, money
laundering, forgery of documents.
Corrupt acts of enterprises colluding with enterprises to cause damage to a
third party (be it the public sector or the private sector), typically in 15

bidding, auction, and price manipulation activities. securities, taking


advantage of inside information or insider trading... to defraud investors

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Corrupt behavior that causes damage to the business itself. This behavior is
quite common in the process of purchasing materials and goods, renting
and leasing facilities, recruiting and appointing personnel, abusing
allowances; cooperation, capital contribution, loans to partners....
A N T I - C O R R U P T I O N W O R K I N T H E P R I VAT E S E C T O R

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As a business or organizations
Take corruption prevention measures;
Promptly detect, notify, and coordinate with competent state
agencies in, deterring and handling corruption occurring in
enterprises and organizations in accordance with law as well as 16
their charters and operation regulations.
Promptly provide information about acts of corruption committed

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by persons with positions and powers and coordinate with
competent state agencies in deterring and handling corruption.
Article 4 Anti-Corruption Law (2018)
A N T I - C O R R U P T I O N W O R K I N T H E P R I VAT E S E C T O R

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As a citizen
Have the right to detect, reflect, denounce and report on acts of
corruption
Be protected and rewarded in accordance with law;
Have the right to propose to state agencies to complete the law on 17
corruption prevention and fighting and supervise the
implementation of the law on corruption prevention and fighting;

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Be obliged to cooperate with and assist competent agencies,
organizations and individuals in preventing and fighting
corruption.
Article 5 Anti-Corruption Law (2018)
Q&A

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