bmgt364.9.22.2010

bmgt364.9.22.2010 - Ethics/Corporate Social Responsibility...

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© 2005 Robert H. Smith School of Business University of Maryland Ethics/Corporate Social Responsibility BMGT364 Management and Organizational Theory
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© 2005 Robert H. Smith School of Business University of Maryland Public recognition The banana giant that found its gentle side Financial Times (UK), December 2002 Chiquita Chiquita s path from pariah to paradigm s path from pariah to paradigm Ethical Corporation (UK), March 2003 The end of the banana republic The end of the banana republic De Standaard (Belgium), March 2003 Implementing CR: The Chiquita case Implementing CR: The Chiquita case Journal of Business Ethics (Netherlands), May 2003 Can a company differentiate itself selling bananas? Can a company differentiate itself selling bananas? El Pais (Spain), July 2003 Corporate Citizen of the Americas 2004 Corporate Citizen of the Americas 2004 Organisation of American States Smart Alliance Smart Alliance Yale University Press, 2004 Industry leader sets new standards in Latin America Industry leader sets new standards in Latin America Neue Zürcher Zeitung, 9 Oct 2004
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© 2005 Robert H. Smith School of Business University of Maryland Corporate Social Responsibility at Chiquita Achieve high legal, environmental, social and ethical standards Manage all operations in accordance with our Core Values and Code of Conduct Balance the interests of our stakeholders consumers customers employees trade unions business partners shareholders governments local communities environment
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© 2005 Robert H. Smith School of Business University of Maryland Core Values of Chiquita We communicate in an open, honest and  We communicate in an open, honest and  straightforward manner. straightforward manner. We conduct business ethically and lawfully. We conduct business ethically and lawfully. Two examples: Responsibility Opportunity  Respect Integrity
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© 2005 Robert H. Smith School of Business University of Maryland Chiquita Brands International Inc U.S. Department of Justice accused the company of making millions in profits while paying off Colombian right-wing terrorists for almost seven years. Justice indicated that the $1.7 million in payments "fueled violence" and "paid for weapons and ammunition to kill innocent people." Company Defense: Asked the Justice Department in mid-2003 if it should stop the payments to the terrorists: "All [the government] had to do was say, 'Yes, stop the payments.' Just say yes." But the Justice Department never said "stop.“ http://www.cbsnews.com/video/watch/?id=5228111n&tag=re
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© 2005 Robert H. Smith School of Business University of Maryland Key Dates 1997: Chiquita starts making regular payments to a Colombian terrorist group known as the AUC.
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