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Social Responsibility
Business Ethics
Ethics are rules that help us tell the difference between right and wrong. They encourage us to do the right thing.
What is Ethical Behaviour?
Ethical behaviour is conduct that conforms to ethics—individual beliefs and social standards about what is right and good.
Values tell us what is important. They help us make decisions about right and wrong.
Morals are rules we use to decide what is good or bad .
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Social Responsibility
Business Ethics
What Role Should Ethics Play in Business?
Business ethics are based on society’s ethics and those of the people who
work for and buy from them.
A Code of Ethics
Some companies write a code of ethics , a document that explains
specifically how employees should respond in certain situations.
Canadian laws address acceptable business behaviours. However,
businesses can still behave unethically without breaking these laws.
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Social Responsibility
Business Ethics: Bre-x Click for a Link
What Happens When People Do Not Behave Ethically?
When an individual acts unethically, his or her behaviour will most likely harm others. The individual could also be sent to jail for his or her actions. Major ethical issues include fraud, accounting scandals, and insider trading.
Fraud
Fraud is a crime of lying or pretending. Some businesses mislead consumers and trick them to buy their products or services. The Competition Act 2002 bans such fraud and deceptive business practices and defines these as
- false or misleading advertising
- “bait and switch” selling
- double ticketing items for sale
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Social Responsibility
Business Ethics
Accounting Scandals: Enron Click here for a link!
An accounting scandal occurs when accountants or senior executives alter accounting records for personal benefit.
Accounting information is used inside and outside of the business to make decisions. When accounting irregularities are uncovered, a forensic accountant investigates legal and financial documents to find evidence of tampering.
Embezzlement , a type of accounting fraud, happens when an accountant or senior executive creates false accounts and redirects money into them for personal gain.
Business owners rely on outside accountants, auditors , to check and report on the validity of financial records.
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Social Responsibility
Ethics and Corporate Social Responsibility
A business exhibits corporate social responsibility (CRS) through their values, ethics, and the contributions it makes to communities. CRS is driven by a desire to protect customers and to treat employees and shareholders fairly.
CSR Principles
Businesses that practice CSR principles support their employees and consumers by
- providing a safe and healthy work environment
- adopting fair labour polices
- protecting the environment
- being truthful in advertising
- avoiding price discrimination
- donating to charity
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Erin Brockovich
• Complete the essay
report after watching
the movie
• Click here for more
information on the case
from wikipedia.
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Social Responsibility
Ethics and Corporate Social Responsibility
Antidiscrimination Issues
Discrimination is denying a qualified individual an interview, job, or promotion based on his or her religion, gender, sexual orientation, or physical disabilities.
Gender discrimination is treating an employee differently based on their sex (male or female).
The glass ceiling refers to invisible barriers that may affect the career path of senior leaders in corporate positions.
Harassment
Many businesses have policies and procedures for dealing with harassment : behaviour that is threatening, disturbing, or makes others feel uncomfortable.
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Social Responsibility
Ethics and Corporate Social Responsibility
Accessibility Issues
The duty to accommodate refers to an employer’s obligation to ensure accessibility for all employees. The Canadian Human Rights Act, Sections 2 and 15, states that employees with disabilities must be accommodated by business as long as undue hardship does not occur to the business.
Environmental Responsibility
Environmental concerns for business include the Earth’s air, land, and water. These issues affect Canadian businesses and others in the world
Environmental Protection Act
The Canadian Environmental Protection Act 1999 was the response of Environment Canada to the environmental disaster of the Exxon Valdez.
Kyoto Protocol
Canada signed the Kyoto Protocol in 1998 that states countries must reduce carbon dioxide emissions by 2012 (five percent less than in 1990).
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Social Responsibility
Social Responsibility
Labour Practices
In Ontario, the Employment Standards Act addresses the minimum employment conditions including
- hours of work
- overtime pay
- minimum wage
- holidays
- vacations
- equal pay for male and female employees
- employee benefit plans
- pregnancy, parental, and other leaves of absence
- notice of termination of employment
- severance and termination pay
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Social Responsibility
Ethics and Corporate Social Responsibility
Pay Equity
Although pay equity legislation has changed considerably since its establishment
in 1978, it still does not always deliver equal pay for work of equal value. The
legislation prohibits employers from paying employees of one sex differently
than from the other when the same or substantially the same work is done.
Privacy Laws
The Personal Information Protection and Electronic Documents Act (January 1,
- requires all provincially regulated businesses to explain what personal
information they need from employees or customers and why they need it.
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