Corporate Social Responsibility and Economic Development

3. Members of the poverty group must have a strong voice in the leadership of the applicant organization. At least one-third of those who plan, implement, and make policy for the applicant organization (usually the board of directors) are low-income.

Corporate Social Responsibility and Economic Development ..

Considered only as a normative enterprise, business ethics—likemany areas of applied ethics—draws from a variety ofdisciplines, including ethics, political philosophy, economics,psychology, law, and public policy. This is because remediesfor unethical behavior in business can take various forms, fromexhortations directed at private individuals to change their behaviorto new laws, policies, and regulations. Doing business ethics wellmeans being familiar with results in these disciplines, or at leastbeing aware of gaps in one’s own knowledge.

We have an ethical responsibility to do something about human ..

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In the literature on environmental ethics the distinction betweeninstrumental value and (in the sense of “non-instrumental value”) has been ofconsiderable importance. The former is the value of things asmeans to further some other ends, whereas the latter is thevalue of things as ends in themselves regardless of whetherthey are also useful as means to other ends. For instance, certainfruits have instrumental value for bats who feed on them, sincefeeding on the fruits is a means to survival for the bats. However, itis not widely agreed that fruits have value as ends in themselves. Wecan likewise think of a person who teaches others as havinginstrumental value for those who want to acquire knowledge. Yet, inaddition to any such value, it is normally said that a person, as aperson, has intrinsic value, i.e., value in his or her own rightindependently of his or her prospects for serving the ends ofothers. For another example, a certain wild plant may haveinstrumental value because it provides the ingredients for somemedicine or as an aesthetic object for human observers. But if theplant also has some value in itself independently of its prospects forfurthering some other ends such as human health, or the pleasure fromaesthetic experience, then the plant also has intrinsic value. Becausethe intrinsically valuable is that which is good as an end in itself,it is commonly agreed that something’s possession of intrinsic valuegenerates a prima facie direct moral duty on the part of moral agentsto protect it or at least refrain from damaging it (see O’Neil 1992and Jamieson 2002 for detailed accounts of intrinsic value).

Business ethics and corporate social responsibility - …

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The OECD Principles of Corporate Governance were endorsed by OECD Ministers in 1999 and revised in 2004.

The International Economic Development Council ..

Governance is seen as the capacity of institutions to manage and administer policy, processes and programmes that represent the broad interests of all individuals and groups involved while at the same time complying with ethical and legislative requirements.

Chapter 4 ethics and social responsibility

Local Economic Development means having a clear Local Economic Development strategy that includes the reality of the marketplace, helps create a positive environment for economic activity, reflects the values of its citizens and complies with ethical and regulatory requirements.

stages of Kohlberg's model of moral development

The concept of the “invisible hand" theorized by 18th century economist and "father of modern capitalism" states that individuals pursuing their own best self-interest results in the greatest overall good to society, and that only the free market should determine what and how goods and services are offered. Companies that do everything they can to boost profits will end up , because the demand for healthy foods, medicines, and other beneficial products result in businesses' creating innovative and helpful goods or services.

Discover the economic responsibility ..

This entry summarizes important research on central questions inbusiness ethics, including: In whose interests should firms bemanaged? Who should manage them? What do firms owe their workers, andwhat do workers owe their firms? What moral rules should guidefirms’ engagement with customers? Should firms try to solvesocial problems? What responsibility do they have for the behavior oftheir suppliers? What role should firms play in the political process?Given the vastness of the field, of necessity certain questions inbusiness ethics are not addressed here.