Ethical and socially responsible management of the internal environment

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Ethical and socially responsible management of the internal environment

  1. 1. Ethical and socially responsible management of the internal environmentMonday, 1 April 13
  2. 2. Ethics is not concerned with legal obligations, but with what is morally right or wrong (and all the shades of grey in between). Management ethics are the application of moral standards to management behaviour.Monday, 1 April 13
  3. 3. Common Ethical Issues Fairness and honesty Respect for people Conflict of interest Financial managementMonday, 1 April 13
  4. 4. 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 upholdMonday, 1 April 13
  5. 5. 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.Monday, 1 April 13
  6. 6. 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
  7. 7. Monday, 1 April 13

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