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Chapter 4 - Enhanced forms of corporate philanthropy...

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Chapter 4 19:45 Ethics : Standards of moral behavior, that is, behavior accepted by society as  right versus wrong Compliance-based ethics codes : Ethical standards that emphasize preventing  unlawful behavior by increasing control and by penalizing wrongdoers Integrity-based ethics codes : Ethical standards that define the organization’s  guiding values, create an environment that supports ethically sound behavior,  and stress a shared accountability among employees Whistleblowers : Insiders who report illegal or unethical behavior Corporate Social Responsibility (CSR) : A business’s concern for the welfare of  society Corporate philanthropy : The dimension of social responsibility that includes  charitable donations Corporate social initiatives
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Unformatted text preview: : Enhanced forms of corporate philanthropy directly related to the company’s competencies Corporate responsibility : The dimension of social responsibility that includes everything from hiring minority workers to making safe products Corporate policy : The dimension of social responsibility that refers to the position a firm takes on social and political issues Insider trading : An unethical activity in which insiders use private company information to further their own fortunes or those of their family and friends Social audit : A systematic evaluation of an organization’s progress toward implementing socially responsible and responsive programs 19:45...
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