Ethical and socially responsible management of the internal environment

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Management ethics are the application of moral standards to management behaviour.

Ethics is not concerned with legal obligations, but with what is morally right or wrong (and all the shades of grey in between).

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Common Ethical Issues

Fairness and honesty

Respect for people

Conflict of interest

Financial management

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Corporate Code of Conduct

One strategy to encourage ethical decisions is to employ a corporate code of conduct

A corporate code of conduct is a set of ethical standards for managers and employees to uphold

Monday, 1 April 13

Social Responsibility

Social responsibility is the obligations a business has over and above its legal responsibilities to the wellbeing of employees and customers, shareholders and the community as well as the environment.

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The Social Report

To cater for the increasing demand for companies obligations to social responsibility most large scale organisations publish a social report. This report outlines what the company is doing in regards to social issues.

Monday, 1 April 13

Monday, 1 April 13