Corporate Social Responsibility (CSR) is a voluntary commitment of business leaders towards the environment and society. As a leader, demonstrate strategies embedded with ethics and social responsibility that justifies the existence of an organisation. Highlight the strategic initiatives that will helps in improving the corporate’s reputation
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A: Below is the solution:-
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Corporate Social Responsibility (CSR) is a voluntary commitment of business leaders towards the environment and society. As a leader, demonstrate strategies embedded with ethics and social responsibility that justifies the existence of an organisation. Highlight the strategic initiatives that will helps in improving the corporate’s reputation
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- What is a Corporate Governance and Ethics, why it is important? Discuss and critically evaluate some of the key corporate governance and ethics concepts, with referencing if possible.Corporate governance is the starting point to create an ethical organization. Corporate governance should provide the ethical expectations and serve as the watchdog. For this assignment, do the following: Discuss measures that the governance board can put into place to establish ethical expectations.Organizations should develop a Code of Conduct and ethics program by establishing, communicating, and monitoring uniform ethical values and legal requirements to their employees. In your Opinion? What are the important Elements of a Strong Ethics Program?
- Provide an example where a company showcases A) corporate social responsibility, B) moral philosophy, and C) triple bottom line.CEOs are often tasked with selecting the most efficient level of ethical standards for the businesses they oversee." According to the unit, what considerations must CEOs make when determining the most efficient level of ethical standards for their businesses. Carefully review the model of ethical choice which includes Business Ethics as an investment, Diminishing Returns, Time Horizons and Accountability.ESSAY: What is the role of ethics in good corporate governance?
- Conduct Research on King IV. Give a brief overview and list the principles. Provide a definition of what corporate governance is. Provide a comprehensive researched example of a well-known South African organisation that has shown a lack of corporate governance. There should be a clear link to what you have researched on King IV and the example. For example, clearly indicate which principles they did not adhered to. Examples merely copied from a source will not warrant marks.What is the relationship between Ethics and Business? Please use examples from current events as it relates to business, economics, and society. Is ethics necessary for leadership or is leadership necessary for ethics? Why do we need to be able to convincingly explain why something should be viewed as right and fair?The past 20 years have seen the emergence of groups that focus on scrutinising corporate behaviour. For example, CorpWatch was founded in 1996 to mobilise support for campaigns on corporate accountability. Some of the groups monitor the corporate sector as a whole, while others focus ona single company. For example, Coalition against Bayer Dangers only scrutinises the behaviour of Bayer, a German chemical and pharmaceutical company. These groups, acting as corporate watchdogs are different from the civil society organisations that promote certain values or principles. For example, Amnesty International advocates human rights and puts pressure on any organisation that may play a role in the protection and promotion of human rights. 1. What are ‘accountability politics?
- Mangement Corporate governance is the framework of rules, practices, and processes by which a company is directed and controlled. It involves defining the roles and responsibilities of the board of directors, management, shareholders, and other stakeholders in decision-making and accountability Effective corporate governance ensures transparency, accountability, and integrity in the management and operations of the organization, thereby protecting the interests of shareholders and stakeholders Key principles of corporate governance include ethical conduct, risk management, compliance with laws and regulations, and disclosure of relevant information to shareholders and the public. By adhering to best practices in corporate governance, organizations can build trust and confidence among investors, attract capital, and sustain long- term growth and value creation. Question: How can organizations strengthen their corporate governance practices to promote ethical behavior, accountability,…In what ways has shareholder primacy undermined business ethics? Address this question by critically drawing upon the discussion concerning the influences and challenges of shareholder primacy to business ethics. Also, briefly outline the alternative approaches for corporations to undertake that would encourage more ethically responsible business practice, especially during the current challenging economic environment. The discussion should be supported by using relevant theories or frameworks and real business examples.Corporate Social Responsibility has been defined as a “firm’s intelligent and objective concern for the welfare of society; such concern should entail a firm contributing to human betterment, by using its profit to address issues of concern to society and/or a firm to restraining from behaviour and activities that are harmful to society, no matter how immediately profitable such behaviour or activities might be”. Required: Describe the relationship between strategy and corporate social responsibility Explain how a firm’s cooperation in matters of taxes, bribery and corruption may constitute corporate social responsibility