misused the donated funds and the financial mismanagement at NKF‚ greatly affecting NKF’s reputation. After the entire incident‚ the public became very concerned over the transparency of charitable organisations. The broad concept of Corporate Social Responsibility (CSR) can be summarised into three main aspects. First‚ employee’s wellbeing. This is
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Introduction: Social accountability is defined as an approach toward building accountability that relies on civic engagement‚ i.e.‚ in which it is ordinary citizens and/or civil society organizations that participate directly or indirectly in exacting accountability. In a public sector context‚ social accountability refers to a broad range of actions and mechanisms that citizens‚ communities‚ independent media and civil society organizations can use to hold public officials and public servants
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Good Corporate Citizenship & Political Competence-Interrelated/Interconnected Introduction Good corporate citizenship and political competence are interconnected. A definition of both terms will be provided. How both terms are interconnected will be discussed. Also‚ a mission statement from a healthcare organization (HCO)‚ more specifically a hospital will be evaluated and interpreted to view the connection between good corporate citizenship and political competence. Interconnection In order
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Assignment 2: Social Performance By: Anitra Wright Instructor: Yvette Snowden Bus 475 December 2‚ 2012 Social Performance Organizations have a responsibility to monitor and enforce behavior that represents a sense of social responsibility. Therefore‚ the social performance of a company must be organized in a manner that takes into consideration the laws for which they should uphold. One way to ensure that organizations are aware of those laws and refraining from illegal behavior is to
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Social Audit A social audit is a business statement presented annually to understand‚ measure‚ report and improve the organization ’s social and ethical performance. Usually‚ social audit is addressed to employees‚ investors‚ market analysts‚ shareholders and lastly‚ the community. This is considered to be the main ground for practicing corporate social responsibility. With social audit‚ it strengthens the relationship between company‚ society and environment and at the same time showing the
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Corporate Governance and CSR: A Tool for Financial Manager Presented by: Nelson Monis INTRODUCTION “Good governance is integral to the very existence of a company. It inspires and strengthens investor’s confidence by ensuring company’s commitment to higher growth and profits. Corporate governance is nothing more than how a corporation is administered or controlled. Corporate governance takes into consideration company stakeholders as governmental participants‚ the principle participants being shareholders
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Assignment – Social Accounting What is Social Accounting? “Social accounting and auditing is about understanding the impact of organisations on our society and the overarching context is sustainability: both sustainability of the organisation itself (the interrelation of the social‚ the environmental‚ the cultural and the financial) and sustainability of behaviour which contributes to a future for the people and the planet. Social accounting is distinct from evaluation in that it is an internally
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entities with the same moral responsibilities as a person. They point out three factors that compose moral responsibility for individuals and corporations. The first of these factors is the idea of accountability. Goodpaster and Matthews explain that just as individuals are responsible for their ethical and moral actions‚ corporations are also responsible for their ethical and moral actions. This belief is contrary to the traditional view that the only responsibility of a corporation is to make
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An Assignment of Business Ethics & Corporate Governance CASE STUDIES Module I BHOPAL GAS TRAGEDY December 3‚ 2009‚ marked the 25th anniversary of the world’s worst ever industrial disaster - the gas leak that occurred at Union Carbide India Ltd’s (UCIL) pesticide plant in Bhopal (Madhya Pradesh‚ India). The tragedy that instantly killed more than 3‚000 people and left thousands injured and affected for life‚ occurred when water entered Methyl Isocyanate (MIC) storage tank No. 610
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Vision‚ Values‚ Value-Added: Integrating Corporate Citizenship into Operating Practices* Sandra Waddock Boston College Carroll School of Management Chestnut Hill‚ MA 02467 617-552-0477 F: 617-552-0433 waddock@bc.edu Vision‚ Values‚ Value-Added: Integrating Corporate Citizenship into Operating Practices Abstract Leading corporate citizenship today demands an integrated—or integral—perspective on the way that a company articulates its purposes and how it operates day-to-day with respect to
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