Unit 3 Corporate Social Responsibility Corporate Ethics Environmental

Unit 3 Corporate Social Responsibility & Corporate Ethics

Environmental The proctection of nature and its surrounding people Governmental Agency-EPA Enviromental Protection Agency Examples �BP Oil Rig Explosion-tanker exploded and oil could not be stopped for at least 90 days or more-damage to the wildlife and fishing industry in the Gulf �Loves Canal, NY-housing development-on waste from manufacturing Plant-people who lived there were very sick with cancer

Workplace Diversity �The incorporation of all types of people to work for a company �Governmental Agency-EEOC, ACLU �Equal Pay Act 1960’s-gave equal pay to woman �American’s with Disabilities Act-made workplaces easier to visit due to the installation of ramps and railings

Job Safety �The responsibility to have workers be safe while on th job �Governmental Agency-OSHA �Training-correct way to work with safety in mind �Safety-steel toed boots, safety glasses, hard hats

Employee Wellness �Making sure the employee is healthy and happy to be more productive at work. �Examples-Exercise programs-biggest loser, walking during lunch, cafeteria selections, workout rooms

Charitable Contributions �Company who donates money to organizations in need �Examples: United Way, Local Charities

Community Involvement �Company who invests in the surrounding community by donating time and money to things that are going on in the community. �Examples: Donate items to charity for local families

Ethical Terms �Beliefs-what you think the world should be like. �Ex. Freedom �Traits-personality qualities �Ex. Friendly �Values-what you believe is important �Ex. Honesty, Kindness �Behavior-actions that people should have �Ex. Treat others as you would like to be treated �Role Model-a person who exemplifies what you think is important and how you would like to be. �Ex. Parent

Corporate Ethics �Rules about how a business and its employees should behave

Business Ethics Scandals �Insider Trading-a person who uses information for a source inside the company and exploits it on the stock market. �Example: Martha Stewart �Child Labor- company who uses kids to work for very minimal pay �Examples: Nike �Financial irregularities-a company who misrepresents itself regarding financial statements. �Examples: Enron

Code of Ethics �Development of rules of behavior for employees �Each company should have a set �Regarding-gifts and or donations �Proper Behavior when speaking to another company

Legal Terms for Business �Patents-gives the inventor the sole right to make, use or sell the items for 17 years �Person who created Post-its �Copyrights-protects the creative work of authors, composers, and artists. �Singer-who wrote a song �Trademarks-is a work, letter, or symbol linked with a specific company or product �Nike-Swoosh

Unit 3 Corporate Social Responsibilities & Corporate Ethics