Presentation on

Demanding Ethical and Socially Responsible Behavior

Presented by
Sudeshna Das Department of Banking And Insurance ID. No.: 51325067 Batch No.:25th University of Dhaka

WHAT is ETHICS?

Ethics is the set of moral principles or values that define right and wrong.

FACING ETHICAL DILEMMAS

Ask yourself these questions:
- Is it legal?

- Is it balanced?
- How will it make me

feel about myself?

ETHICS and YOU Ethics begins with each of us

Plagiarizing from Internet materials is the most common form of cheating in schools today Studies found a strong relationship between academic dishonesty and dishonesty at work

Fostering Ethical Behavior

Leadership Codes of Conduct Compliance-based Integrity-Based Social Audits Whistle Blowing

Setting Corporate Ethical Standards

Ethics Codes

Compliance-Based Ethics Code: Emphasize preventing unlawful behavior by increasing control and by penalizing wrongdoers. Are long and specific Are usually accompanied by increased controls

Integrity-Based Ethics Code Define the organizations guiding values Are short and general Are accompanied by an environment that supports ethically sound behavior.

 Social Audit A systematic evaluation of an organizations progress toward

implementing programs that are socially responsible and responsive.
Four Types of Social Audit Watchdogs

Social Auditing and whistle blowing

Socially conscious investors- SRI (Social responsibity

EnvironmentalistsUnion officials Customers
RAN (Rainforest Action Network)

investing)

Whistleblowers

Steps to Improve Business Ethics

1. Top Management
2. Employees 3. Managers

4. Ethics office
5. outsiders 6. Enforcement

Corporate social responsibility

A businesss concern for the welfare of society as a whole. Three dimensions: Corporate philanthropy Corporate responsibility Corporate policy

COMPANIES WHO HAVE EXCEEDED OUR EXPECTIONS OF SOCIAL RESPONSIBILTY

CORPORATE PHILANTHROPY AND SOCIAL INITIATIVES

Corporate Philanthropy -- Includes charitable donations. Corporate Social Initiatives -- Include enhanced forms of corporate philanthropy.

CORPORATE RESPONSIBILITY and POLICY

Corporate Responsibility -- Includes everything from hiring minority workers to making safe products, minimizing pollution, using energy wisely, and providing a safe work environment. Corporate Policy -- The position a firm takes on social and political issues.

PRESIDENT KENNEDYS BASIC RIGHTS of CONSUMERS

Right To Safety . Right To Be Informed Right to Choose Right To Be Heard

RESPONSIBILITY To EMPLOYEES
Create jobs and provide a chance for upward mobility. Treat employees with respect. Offer salaries and benefits that help employees reach their personal goals.

Responsibility To Investors
Insider Trading Insiders use private company information to further their own fortunes or those of their family and friends. Unethical behavior does financial damage to a company and investors are cheated.

Responsibility To Society and Environment

Over one-third of working Americans receive their salaries from nonprofits who are dependent on funding from others. The green movement emerged as concern about global warming increased. Many companies are trying to minimize their carbon footprints the amount of carbon released during an items production, distribution, consumption and disposal.

RESPONSIBILITY to the ENVIRONMENT

Environmental efforts may increase costs, but can offer good opportunities. The emerging renewable-energy and energyefficiency industries account for 9 million U.S. jobs. By 2030, as many as 40 million Green jobs will be created

INTERNATIONAL ETHICS AND SOCIAL RESPONSIBILITY Many businesses want socially responsible behavior from their international suppliers. In the 1970s, the Foreign Corrupt Practices Act criminalized the act of paying foreign businesses or government leaders in order to get business.

THANK YOU

Happy New Year !!!