Regulation and ethics csr leadership and vision
1 / 12

Regulation and Ethics, CSR, Leadership and Vision - PowerPoint PPT Presentation

  • Uploaded on

Regulation and Ethics, CSR, Leadership and Vision. Ian “ Ren ” Rennie. Hong Kong’s perfect market. Business ethics. In business, ethics can be defined as: the ability and willingness to reflect on values in the course of the organisation's decision-making process

I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
Download Presentation

PowerPoint Slideshow about ' Regulation and Ethics, CSR, Leadership and Vision' - sanam

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.

- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

Business ethics
Business ethics

  • In business, ethics can be defined as:

  • the ability and willingness to reflect on values in the course of the organisation's decision-making process

  • to determine how values and decisions affect the various stakeholder groups

  • to establish how managers can use these precepts in day-to-day company operations.

Ethics codes
Ethics codes

  • The Golden Rule: Act in a way you would want others to act toward you

  • The utilitarian principle: Act in a way that results in the greatest good for the greatest number

  • Kant's categorical imperative: Act in such a way that the action taken under the circumstances could be a universal law, or rule, of behaviour

  • The professional ethic: Take actions that would be viewed as proper by a disinterested panel of professional peers

  • The TV test: Always ask, "Would I feel comfortable explaining to a national TV audience why I took this action?"

  • The legal test: Ask whether the proposed action or decision is legal. Established laws are generally considered minimum standards for ethics

  • The four-way test: 

    • Is the decision truthful?

    • Is it fair to all concerned?

    • Will it build goodwill and better friendships?

    • Will it be beneficial to all concerned?

Milton freidman
Milton Freidman

  • “... making business managers simultaneously responsible to business owners for reaching profit objectives and to society for enhancing societal welfare represents a conflict of interest ...”

Top trends
Top trends

  • Only six percent of respondents perceive the top 100 companies as good corporate citizens

  • Only seventeen percent of respondents definitely trust what companies promise in their advertising and marketing

  • Only nineteen percent of respondents trust what companies say in official reports

  • Fifty four percent of respondents definitely agree that Microsoft is a responsibly-run company earning it the top spot for governance

  • The Walt Disney Company wins citizenship with fifty percent of respondents definitely agreeing that The Walt Disney Company is a good corporate citizen

  • Google takes first place in workplace with fifty percent of respondents definitely agreeing that Google is an appealing place to work and that it treats its employees well.

Source: 2012 Global CSR RepTrak™ 100

Forbes csr trends
Forbes – CSR Trends

  • Going Global

  • The Triumph (or Tyranny) of Transparency

  • Employee Engagement

  • Political Pitfalls

  • Collaboratition

  • Sustainability

  • Occupy From the Inside

  • Social Media Rules

  • Human Rights

  • Earth at 7,000,000,000 and Growing.

Source : Forbes : The Top 10 Trends in CSR for 2012

The rule making game
The Rule Making game

  • Involves influencing the writing of society's rules by legislative or regulatory bodies ...

  • ... so that loopholes, exclusions, and ambiguous language ...

  • ... provide future opportunities to "work around" or circumvent the rules' intent for private gain

  • The Rule-Making Game is an influence game.

The rule following game
The Rule-Following game

  • Involves the actual exploitation of these gaming opportunities

  • This game involves following the letter of the law but not necessarily its intent or spirit ...

  • ... as well as violating grey areas of the law in ways that are not easily understood or recognised as violations

  • The Rule-Following Game is thus a compliance game.

Lawful but corrupt
Lawful but Corrupt

  • inconsistent management style by institutional leaders ...

  • coupled with perverse incentives ...

  • breakdowns in internal controls ...

  • ineffective board oversight ...

  • and an absence of transparency-can quickly neutralise regulation [and] grease the wheels of ethical drift ...”.