In recent times‚ there has been huge concern on the issue of ethical leadership in the corporate world. Researchers have increasingly shifted their attention towards identifying what could be driving costly unethical behaviour in organizations. Organizations leadership stresses short-term result while disregarding the long-term implications of their actions. The result has been scandals and accounting frauds. Companies such as Enron‚ WorldCom (Knights and O’Leary‚ 2005)‚ and Nortel executives (manipulating
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Corporate Social Responsibility: What Went Wrong at GlaxoSmithKline? When London-based GlaxoSmithKline (GSK) paid a $750 million dollar settlement as part of a plea agreement that required it’s Cidra‚ Puerto Rico subsidiary SB Pharmco to plead guilty for knowingly selling contaminated medicine‚ it laid to rest any doubts that its business practices were in direct conflict with its commitment to both quality and to creating a strong ethical culture. There are‚ nevertheless‚ important issues
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Overview of Corporate Governance Corporate Governance is more than just corporate management. In broader sense‚ it includes a fair‚ efficient and transparent administration to meet certain well defined objectives. It is a system of structuring‚ operating and controlling a company with a view to achieve long term strategic goals to satisfy shareholders‚ creditors‚ employees‚ customers and suppliers and complying with the legal and regulatory requirements‚ apart from meeting environmental and local
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: Social Impact of Corporate Social Responsibility (CSR) and its relevance to the contemporary Indian society Purpose : Research study for Doctoral Thesis (PhD) Research Guide : Prof. Dr. C. Ganesh‚ Head Dept of Sociology University : Osmania University‚ Hyderabad Research Scholar : Sarvesh Amrutha Abstract The research study‚ “Social Impact of Corporate Social Responsibility (CSR) and its relevance to the contemporary Indian society”‚ proposes to analyse social impact
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Social Responsibility Phoenix Student ETH/316 Social Responsibility Paper According to "Cambridge Dictionaries Online" (2013)‚ social responsibility is the practice of producing goods and services in a way that is not harmful to society or the environment.” [If the previous statement is a direct quote‚ be sure to indicate the entire quoted statement in quotation marks and include either the page or paragraph number from the source.] Two examples of social responsibility efforts or actions that
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Does Corporate Social Responsibility Affect Firms’ Performance?1 Laura Poddi2 Sergio Vergalli3 July 28‚ 2008 Abstract In the last two decades in the OECD countries there have been a raising development of firms certified as Social Responsible (CSR is the acronym of Corporate Social Responsibility). This kind of certification is assigned by private companies that guarantee that the behaviour of a certain firms environmentally and sociologically correct. Some papers (among others Preston
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CSR Corporate Social Responsibility: A Value Adding Business Function Prepared by: Randeep Moore Student ID: 301064174 BUS 421: Kim Trottier Abstract This paper examines the similarities and findings of three academic papers related to Corporate Social Responsibility (CSR) in accounting. Assumptions are made regarding the importance of CSR to the success of businesses. By looking at three different pieces of literature from the accounting field‚ there is strong evidence that suggests
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The evolution from corporate social responsibility to supply chain responsibility: the case of Waitrose The Authors Laura Spence‚ Centre for Research into Sustainability‚ School of Management‚ Royal Holloway‚ University of London‚ Egham‚ UK Michael Bourlakis‚ Business School‚ Brunel University‚ Uxbridge‚ UK Acknowledgements The research on which this paper is in part based was funded by the Institute for Business Ethics. The authors would like to thank seminar participants at Cardiff Business
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Explain how Social Responsibility’s conceptions of freedom‚ morality and duty differ from those of libertarian theory. Which theory fits your understanding better and why? Firstly‚ social responsibility gives enough freedom to the media. However‚ expect it to act responsibly in its news report‚ act as watchdog to the society. Secondly‚ social responsibility theory mainly leads itself in a free circumstance of media area but there is a limitation to show its duty. Social responsibility requires the
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In recent years corporate social responsibility (CSR) is increasingly becoming a part of a large number of companies. It is becoming an important activity for businesses throughout the globe‚ and many organizations have rebranded their core values to include social responsibility. People look at CSR to deliver benefits especially vis-a-vis environmental‚ social and economic aspects. It helps businesses to build up credibility and reputation which the public can identify with. However‚ it could be
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