NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
Business ethics, social responsibility and environment stability
1.
2.
3. It is defined as principles of conduct within
organizations that guide decision-making and
behavior
is a pre-requisite for good strategic management
is just good business
4. It is a document that provides behavioral
guidelines that cover daily activities and
decisions within an organization
-to ensure that the code is real, understood,
believed and remembered. Periodic ethics
workshops are needed to sensitive people to
workplace circumstances.
5. providing training in ethical reasoning
helping employees to recognize and reason with ethical
problems
Top management must demonstrate ethical
behavior in their actions.
6. refers to policies that require employees to report any
ethical violations that discover or seen in the firm.
Moral problem in a business environment with a choice
between potential right and wrong
7. the offering, giving, receiving, or soliciting
of any item of value to influence the
actions of an official or other person in
discharge of a public or legal duty.
-is a gift bestowed to influence a recipient’s
conduct
-may be any money, good, right in action,
property, preferment, privilege, emolument,
object of value, advantage, etc.
8.
9. It refers to actions an organization
takes beyond what is legally
required to protect or enhance
the well-being of living thing.
10. proclaims that organizations
have tremendous social
obligations
asserts that organizations have
no obligation to do anymore
for society than is legally
required
13. THE RIGHT TO BE SAFE
THE RIGHT TO BE INFORMED
THE RIGHT TO BE CHOOSE
THE RIGHT TO BE HEARD
14. OBLIGATION TO MAKE PROFIT FOR SHAREHOLDERS
EXPECTATIONS OF ETHICAL AND MORAL BEHAVIOR
INVESTORS ARE PROTECTED BY REGULATION
UNDER SECOND AND STATE REGULATIONS
16. embraces managerial philosophy and
thinking at the highest level of the firm
concerns what responsibilities the firm has
to employees, consumers, shareholders,
and other groups
17.
18. refers to the extent that an organization’s operations and
actions protect, mend and preserve rather than harm or
destroy the natural environment
The strategies of both companies and
countries are increasingly scrutinized and
evaluated from a natural environment
perspective.
19. reveals how a firm’s operation impact the
natural environment
These reports are not required, but are a
god business practice
21. a series of voluntary standards in the
environmental field
concerns the extent t o which
a firm minimizes harmful effects
on the environment caused by
its activities and continually
monitors and improves its own
environmental performance
22. a set of standards adopted by thousands of
firms worldwide to certify to their
constituencies that they are conducting
business in an environmentally friendly
manner.