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Corporate social responsibility in foreign countries
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which was lesser than the promised proposed amount. On the other hand, the higher authorities showed great unwillingness in investigating about the authenticity of the incident. However, they immediately terminated the employees to avoid much defamation. . 2.2 b) Personal viewpoints about the alleged action: The misunderstanding had been occurred between the employees and the management due to low spirituality. The employees had done the unethical violence such as complained to the higher authority about the managers. However, the employees need to consult with the management about their salary issue. The issues could have been resolved by discussions with the managers or team leaders. On the other hand the management should not terminate the employees unethically. At least the higher authority should give the chance to express their issues and take the correct decision as well. 2.3 a) …show more content…
• The managers would be responsible for the planning, support and oversight role of the employees. 2.4 Classical view and Socioeconomic view: The management of Citibank is responsible for managing the employees according to their set framework of ethics and policies. The management of the modern organization would maintain the social responsibilities in the workplace. It has been observed that Citibank already has the moral responsibility on the organization. The management has to involve themselves in social, legal and political issues. 2.5 CSR policy: a) CSR is about how the companies run the business getting the positive impact on society and evaluating their responsibilities. Participating in initiatives that is benefit for society in involved in corporate social responsibility.Through the CSR organisations maintain a good relationship with customers, suppliers and employees. CSR is a process that aims to hold responsibility for the company’s
Ans. 6 The Court can overrule the decision for terminating Paul as he was not involved in the scheme. Due to his honesty he even admitted to be aware of the scheme. Moreover, no fraud was found in his facility and he should be held responsible for the warehouse for which he is in charge. Furthermore, higher management should be held responsible for not keeping an eye on the activities of supervisors at different locations.
From big financial and ethical scandals like Enron to WorldCom, Wells Fargo may be the next big financial and ethical scandal. Wells Fargo used to be one of the leading banks and credit lending companies in America. Now, they’re on a slippery slope downhill to one of the worst—and most unethical—banking and credit lending companies in America, maybe even in the world. Wells Fargo has been in an ethical uproar, has questionable ethical values, and questionable principles and practices in culture due to their downhill ethical standards. The company also may have been influenced by bad stakeholder judgment, and are now struggling to maintain the company’s culture. To give a description of business ethics as described by John Fraedrich, “business
on September 8, 2016 Wells Fargo’s unethical behavior was reveal when the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency fined Wells Fargo $185 million because over 2 million credit card and bank accounts were fraudulently open or applied for in customer names without their knowledge (Blake, 2016).
This involved sacking of all the employees who had involved themselves in the scam and ensuring that they faced the full force of the law as it is required under the law. A back with such kind of reputation to be implicated in a huge scandal like the one it was involved cannot be looked upon lightly. The news posts suggest that such acts and those who were involved should not be left to go scot free as they have gained a lot from the scandal. The news post also questions the code of ethics in operation in the bank. Ideally, bank staffs are supposed to observe high levels of disciplines especially when the customers are involved. The employees’ actions were a manifestation of how weak the code of conduct with which the bank is applying is and therefore needs a lot of
Lincoln is an accounting manager at a manufacturing company, Octavia is the financial supervisor and Finn is the finance director. Lincoln and Octavia report back to Finn on the day-to-day financial activities of the company. One day at work, you overhear Octavia saying she has not been revealing some important information to the external auditors. Information you know is about the recent purchase of a large piece of machinery becoming useless and has little value if resold. Lincoln does not know whether to believe what he has overheard. In addition, Lincoln has also heard from another source that there was a bribe paid to an oversea company to secure a sales contract. He feels uneasy abut the situations, and is left in a
McMillan, M. (2012, February 17). Codes of Ethics: If You Adopt One, Will They Behave? Retrieved November 06, 2016, from https://blogs.cfainstitute.org/investor/2012/02/20/codes-of-ethics-if-you-adopt-one-will-they-behave/
The purpose of this paper is to analyze a specific, hypothetical employment situation encountered and to include the information regarding employment conflicts, questions, grievances, lawsuits, etc., in terms of how the situation was handled or resolved. Employment conflicts are a constant issue everyday in any organization; it is how you handle them both legally and professionally that counts.
Corporate social responsibilities (CSR) have a different meaning in different company but in my view CSR is the concept which is the ability one of the companies can do for society. As the company responsibilities toward the society and environment in the way operate their business. CSR is about how companies manage the business processes to produce an overall positive impact on society. CSR also known as a “corporate citizenship” and with do that CSR is not provide an immediate financial benefit to the company but promote positive social and environmental change. (www.investopedia.com/terms/c/corp-social-responsibility). CSR is a high profile nation which the business world perceives as a strategic (Economist, 2008; Porter & Kramer, 2006)
They also have to maintain planning ,controlling and coordinating function .In maintain the planning ,managers must be selecting some staff who are skilled and experience and some staff for handling any kind of situation ,Finally ,they set the plan .
The text states that managerial ethics is “an individual’s responsibility to make business decisions that is legal, honest, moral, and fair” (Parnell, 2014). Based on researching the case and reading the text; I believe that Wells Fargo was affected by an ethics problem to begin with. Parnell (2014), states that “managerial ethics pertains to individuals, not corporate behavior” and “organizations can foster ethic decision making in a number of ways”. I am of the opinion that the organization failed to foster ethical decision making because of the fact that they were pushing their employees to meet sales quotas that were unattainable. The employees that felt it was ok to engage in the opening of accounts, forging of signatures, and ruining of the lives of unsuspecting customers suffered from a lack of
They were committing fraud by creative accounting, acting illegally when using insider trading and shredding their documents relevant to the investigation. Next, consider the stakeholders. Anyone who owns stock in the company would suffer, along with every employee. Under the values bullet we can assume that they have none. Greed and power got the better of every one of them.
In the report, the first issue describe Hewlett-Packard Corporation was involved into an investigation of spying and pretexting by a congressional federal. According to Hyatt (2007), Patricia Dunn, who was the chairwoman in HP, illegally obtained the private phone records and some of the employee’s information which using the pretexting method led to HP corporation internal leaks. In the second issue, in his article, Hurd on the Street, Booth (2010) describes Mark Hurd, who was the chief executive officer in HP, was got fired on account of intentionally faked financial sta...
The world of business has undergone radical and dramatic changes in the last decade changes that present extraordinary challenges for the contemporary manager. A manager is an organizational member who is responsible for planning, organizing, leading, and controlling the activities of the organization so that the goals can be achieved. According to a widely referenced study by Henry Mintzberg, managers serve three primary roles: interpersonal, informational, and decision-making. Management is process of administrating and coordinating resources effectively and efficiently in an effort to achieve the goals of the organization.
There are now several concepts of CSR and its definition, along with the meaning across corporations. In my opinion, and according with our textbook in page 11. CSR is about a particular set of business and strategies that deal with social issues. In addition, we can clearly perceive that CSRs application along corporations has increase in the past decade due to the several local, and international regulations in order to enforce business to act responsible.
function, managers need to analyse how activities and resources are to be grouped and carry out plans successfully (Bartol 2007). A manager have to understand their ability to manage the lower level employee which is the most valuable of the company as they are the key of output and implement in the planning. Then manager will coordinate the jobs between authority and responsibility that is to define the role position of them (MSG 2012).