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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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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biggest conglomerates in the world. Inevitably‚ with the expansion of the company‚ the weight and number of social and ethical issues facing the company has increased. The key issues discussed in this particular case are: Wal-Mart’s and America community Small merchants and the community’s environment Barriers to domestic expansion Wal-Mart and its Opponents Wal-Mart’s Corporate Social Responsibility (CSR) programmes: Merely gimmicks? The company’s responsibility to employees who lose
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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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What Corporate Social Responsibility is Corporate Social Responsibility can be defined has an obligation beyond that required law and economics ‚ for a firm to purse long term goals that are good for the society. This entails the continuing commitment by business to behave ethically and contribute to economic development while improving quality of the workforce and their families as well as that of the local community and society at large. Bhatia (2004) defined corporate social responsibility as
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Corporate Social Responsibility: The Welch Era 1. Corporate responsibility is defined in chapter 5 as the corporate duty to create wealth by using means that avoid harm‚ to protect‚ or enhance societal assets. The question whether GE fulfilled this duty during the reigning period of CEO ‚Jack Welch is a topic of much debate. Personally‚ I have thought long and hard about which side of the argument to be on with this conversation. Having looked at GE during the Welch years from many angles and perspectives
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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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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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individuals are responsible to adhere to the social norms associated with their role in society. Which means corporations should act and behave in a way that is expected by society. The third aspect of moral responsibility discussed is decision making. Goodpaster and Matthews believe that this third part of moral responsibility is the most important and that both individuals and corporations should use moral reasoning to make decisions that agree with moral social norms. Goodpaster and Matthews believe
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Impact of Technology and Workforce Diversity on the Corporate Sector | Keerthi Purushothaman III B.A. Corporate Economics 10CEM28 | Introduction With the onset of globalization‚ the corporate sector has transformed in many ways. It has adopted new work policies and adapted to new technologies. The impact of technology and workforce diversity on corporates is an area of growing importance. In a multicultural nation such as India‚ workforce diversity has a huge impact on business. With
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