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- 2. Discussion 5: Exemplars of CSR MARKETNG 766 Look online or search business articles and magazines to find examples of companies that lead their industry in regards to ethical behavior and social responsibility. Post the information that you have found about the company -- A link to an article or a webpage or an uploaded pdf would be nice. So that we can learn by example from firms that behave ethically and what the positive outcomes are from their choices. Were there any situations where it was difficult or caused short term setbacks for the company's ethical behavior?1. Is the corporate governance framework of PSBI effective: What operational policies did its major players adopt properiv? Wat operational systems appeared deficient? 2. Discuss the OECD principle on corporate disclosure and transparency. What elements of this principle did the Bank violate? With adequately implemented and accurate disclosure and transparency policies, would the Bank still have suffered such a tragic end? Could the players have forestalled that end? 3. Were the actions and decisions of the Board in accordance with OECD's principle on board responsibilities? What areas were inadequately covered? What lessons can be learned from these inadequacies?Refer to https://www.accountancyage.com/2017/09/27/kpmg-rocked-south-african-corruption-scandal/ This case study covers the KPMG SA series of alleged ethics breaches referred to collectivelyas the KPMG SA Scandal of 2017/2018. Q.1.4 Discuss which decisions made by KPMG, you believe fell short if considered in lightof the criteria for ethical decision making (note: in your answer, also define anddiscuss the relevant criteria by using KPMG facts)
- Prepare a statement for Mr Tsakos, the chief executive, to read at the EGM to address the following areas. (i) An explanation of the roles of the chief executive in managing the issues described in the case at Bobo Company; (ii) A defence of the company’s decisions on the Bobo Foo from a ‘pristine capitalist’ ethical perspective (using Gray, Owen & Adams’s framework).Refer to https://www.accountancyage.com/2017/09/27/kpmg-rocked-south-african-corruption-scandal/ This case study covers the KPMG SA series of alleged ethics breaches referred to collectivelyas the KPMG SA Scandal of 2017/2018. Q.1.3 By referring to the KPMG, discuss the various ways that you believe (together withthe theory from the textbook/other sources) they could (and should have)mitigated the risks for fraud.1, What ethical failures are present in the Petrobras scandal? 2. What can governments and businesses do to prevent similar scandals in the future? 3. Why do you think the Petrobras scandal was able to spread too far and include so many people? 4. What obligations did Petrobras have to the affected stakeholders? How did it fail to uphold these obligations?
- BUSINESS ETHICS ASSIGNMENTS 1. Identify and explain in detail the three main types of Normative ethical theories. 2. CASE STUDY Towards the end of her senior year of high school, Grace volunteered for a local animal rights organization. Although she was always an animal lover, she had never really considered the issue of animals being raised to be eaten. During her time with the organization, she became passionate about animal rights and became a vegetarian. She was also able to convince her parents to become vegetarians. Now a new freshman, Grace faces a dilemma. Everyone around her seems to eat meat. Though the dining hall offers plenty of vegetarian options, she is unhappy about the presence of meat as a constant feature among the offerings. Grace isn't able to put aside her feelings about the suffering of animals. Going by her own experience of having her eyes opened to the cause, Grace is convinced that spreading knowledge about the suffering of farm animals is the only way of…Answer these five multiple choice questions: Question 1 The classical view of CSR has to do with entities looking at social issues that pertain to internal and external customers, in order to make sound management business decisions Select one: True False Question 2 Sustainable development is a dimension of corporate social responsibility. Select one: True False Question 3 The Moral Rights approach is associated with the avoidance of interference with the fundamental rights of others. Select one: True False Question 4 Conceptual skills are needed by managers to build upon job--‐specific, technical knowledge or Expertise Select one: True False Question 5 PESTEL and SWOT are two analytical tools used for environmental analysis. Select one: True FalseCarefully read the scenario below and answer the questions that follow.XYZ Corporation - Pioneering Ethical Technology Use in the Finance Sector Background:XYZ Corporation, a prominent financial services company, operates in a highly competitive and regulated industry. Facing increasing demands for transparency, data security, and ethical business practices, the company embarked on a journey to embrace responsible and ethical technology use.Challenges: XYZ Corporation encountered several challenges, including the need to protect sensitive financial data, ensure compliance with stringent regulations, and maintain the trust of its clients and partners in a dynamic industry. QUESTION 2Although technology has largely been embraced by civil society as well as industry due to the numerous benefits which technology brings into every endeavor and operation, there are also negative aspects of technology to both industry and society which should not be ignored. Discuss the importance of…
- Carefully read the scenario below and answer the questions that follow.XYZ Corporation - Pioneering Ethical Technology Use in the Finance Sector Background:XYZ Corporation, a prominent financial services company, operates in a highly competitive and regulated industry. Facing increasing demands for transparency, data security, and ethical business practices, the company embarked on a journey to embrace responsible and ethical technology use.Challenges: XYZ Corporation encountered several challenges, including the need to protect sensitive financial data, ensure compliance with stringent regulations, and maintain the trust of its clients and partners in a dynamic industry. QUESTION 1Considering, according to the scenario above, that the evolving threat landscape, rapidly advancing technology, and growing customer expectations made ethical technology use a top priority for XYZ Corporation, discuss FIVE (5) strategies which the Corporation can use in order to achieve acceptable levels…1. Define business ethics. 2. Define social responsibility. 3. How does social responsibility benefit shareholders? 4. In the past, few companies placed corporate social responsibility (CSR) in the forefront of PR and marketing efforts. While some issued occasional press releases about their charitable donations, most gave CSR a low priority. Mainstream corporate America generally viewed CSR-committed companies like Ben & Jerry’s and The Body Shop as eccentric, left-wing hippie outfits. Do you believe CSR is important and if so, how should it be measured? 5. Can one business make a difference to a global problem such as the food industry? 6. Are whistleblowers heroes or disloyal employees? 7. Do ethics courses make people more ethical? 8. If a customer misuses a product, is the company that manufactured or sold the product to blame? 9. Is monitoring employee’s online behavior ethical? 10. State your opinion on an employer intercepting and reading email messages of their employees.Mini-Case Need for Ethics What is business ethics? The answer to this question may be as simple as reciting the usual definition. Or it may be more complex by detailing the “good” ways the company interacts with its various stakeholders. The answer may also depend on who is asking the question. Many think that there is always a “right ways of doing” based on moral principles. Others believe the right thing to do depends on the situation and so ultimately it is up to individual. A customer may view a safe product as proof of an ethical business. An employee may see ethics in fair wages an full benefits. A stockholder may it in the corporation’s compliance with existing corporate best practices as enunciated in the SEC Rules. In fact, all of these answers are accurate because the ethics of a business is demonstrated through its practices. Attention to business ethics is critical during times of fundamental change, in times such as now. Values that were previously taken for granted are…