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A
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Ethical behaviour
Ethical behaviour is doing things that are morally right. Ethics (countable
noun) are moral beliefs about what is right or wrong. Ethics (uncountable
noun) is the study of this. Ethically responsible companies want to do the
right thing in areas such as:
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•
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employment and community:
they want to pay attention to things that affect all people, not just
their employees, in the areas where the company has its offices,
factories and activities.
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•
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the environment: they want
to conduct business in ways that protect the environment to ensure that
the air, river etc. are not polluted and plant and animal life are not
endangered.
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B
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Accountability
and transparency
Ethical
corporate behaviour includes accountability – the idea that companies are
completely responsible for what they do and that people should be able to
expect them to explain their actions. Transparency is explaining this
behaviour in a way that can be understood by outsiders, and not trying to
hide anything. Companies may say that they demand high levels of probity
and integrity – complete honesty – from their employees, and that they do
not tolerate any form of misconduct.
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C
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Corporate social
responsibility
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EXERCISES
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41.1
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Read the
article relating to the ideas in A, B and C opposite. Then say if the
statements below are true or false, identifying the phrase or sentence from
the article that confirms your answer. (The first one has been done for
you.)
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HOW TO BECOME GOOD IN ALL AREAS
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Few companies are clear about
how to manage what can be an amorphous collection of internal initiatives
and external relationships on social, environmental and ethical issues. Probity
and responsibility must be embedded in a company’s culture, strategy and
operations from the top down. But how can this be done? A new guide from
Business for Social Responsibility, a US non-profit research and advisory
organisation with 1,400 member companies and affiliate, attempts to
answer this by taking the reader step by step through the process of
designing a corporate social responsibility management system.
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1. Most companies have clear,
coherent policies on social, environmental and ethical issues.
False – Few companies are clear …. Social,
environmental and ethical issues.
2. If a company behaves with
probity, it has high ethical standards.
3.
Business for Social Responsibility has a coherent approach to designing a
corporate social responsibility management system.
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41.2
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Complete
the sentences, with expressions from A and B opposite.
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1.
The company was accused of giving ________ to local officials in order to
allow their products into the country more quickly.
2. The company has supported
several projects in the local ________, where its factories are situated.
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