Corporate Responsibility and Ethics
                     CORPORATE 
RESPONSIBILITY 
AND ETHICS
Introduction
• Ethical principles provide the 
foundations for various modern 
concepts for work, business and 
organisations, which broaden 
individual and corporate priorities 
far beyond traditional business 
aims of profit and shareholder 
enrichment.
Source: www.businessballs.com
2
Ethics and the Law
• Certain ethical issues are 
represented in law and in this 
respect are firm to a point.
• Ethics which are not covered 
clearly by law are usually a matter 
of subjective judgement, 
especially, but not exclusively, by 
the reasonable majority, whose 
view is significant in deciding 
whether something is ethical or 
not.
Source: www.businessballs.com
3
Ethical Business and Investment
• Ethical business - as other ethical 
issues - are a matter of individual 
and collective judgement. 
• Therefore, it is possible to go so far 
only in outlining ethical 
considerations and to give some 
modern examples of interpretation 
which seem to be generally 
accepted.
Source: www.businessballs.com
4
Ethical Investment
• Ethical investment is a useful 
aspect for considering ethical 
business since large scale 
investment is ultimately subject to 
market forces, which largely reflect 
public opinion. 
Source: www.businessballs.com
5
Corporate Social Responsibility (CSR)
• The concept of CSR has different 
terminology. It is called, social 
accounting, corporate citizenship, 
corporate responsibility, 
sustainable business and finally 
corporate social and environmental 
responsibility; and corporate social 
performance. 
• It is interesting to observe that 
none of the definitions actually 
define the social responsibility of 
businesses, but rather describe it 
as a phenomenon. 
Source: www.scirp.org
6
Difficulties in Implementing CSR
• In general, there are two main 
drivers of CSR, public policy and 
business strategy, but there are as 
many drivers as there are firms in 
existence. 
• Because firms operate in and 
amongst society, it is only natural 
that they be aware of the public’s 
demands and interests. 
Source: www.scirp.org
7
Business Ethics
• Ethics symbolize codes of values 
and principles that govern the 
action of a person or a group of 
people regarding what is right 
versus what is wrong. 
• Therefore, ethics set standards 
pertaining to what is good or bad in 
organizational conduct and 
decision making.
Source: www.scirp.org
8
Relationship between Business Ethics and CSR
• To be implemented successfully, 
sound ethics policy is required for 
companies. 
• Therefore, companies that adhere 
to the highest ethical policy must 
communicate clearly a strong and 
contemporary code of ethics to 
employees who are formally 
trained in it and invited to deal with 
ethical challenges.
Source: www.scirp.org
9
Increases your appeal to investors
• By demonstrating a developed CSR 
program and initiatives, your 
company is bound to become more 
appealing to both current and 
future investors.
Source: www.scirp.org
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