Ethics and Corporate Governance: Corporate Social Responsibility
Definition of Ethics 2
Definition of Corporate Social Responsibility (CSR) 2
History of Ethics 2
Business Ethics 2
Why Business Ethics is Necessary 2
This assignment is a brief over view of ethics in the modern day era. It begins with a definition of ethics, followed by a concise explanation of corporate social responsibility. Ethics has evolved over a number of decades and still is to this day, with that a short history of ethics will be ...view middle of the document...
It goes further than compliance and empathy and deals with how companies manage their economic, social, and environmental influences, as well as their relationships in all key areas of influence: the workplace, the marketplace, the supply chain, the community, and the public policy empire.
Corporate social responsibility is frequently used interchangeably with social enterprise, corporate responsibility, corporate ethics, maintainable development, corporate citizenship, sustainability, triple-bottom line, and in a number of cases corporate governance. Though these terms are diverse, they all aim in the same direction. Right through the developed world and in several developing countries there has been a quick growth in the social roles corporations are likely to play. Corporations are facing new demands to engage in public-private partnerships and are under increasing pressure to be responsible not only to shareholders, but also to stakeholders such as consumers, employees, suppliers, local communities, policymakers, and the society-at-large.
Idle firms and governments can sometimes apply the existence of corporate social responsibility programs to reduce their responsibility. Governments mostly hold the responsibility to level the playing field and warrant public welfare. In a bid for corporate social responsibility to work, governments and the private sector have to obtain an understanding of the balance of public and private responsibility and widen new governance and business models for creating social value.
(Harvard, KS. 2008)
History of Ethics
In historical order, there will be a number of theories/theorists outlined in this essay. From the picture below this illustrates a timeline as to when these theories/theorists were introduced to the world.
It will begin with Sorates some say who is the founder of ethics. This will be followed by a student of his called Plato who worshiped Sorates views on ethics. Aristotle being the third theorist will be examined. Then Cyrincs and Cyrenaics will be viewed as the final theorist examined in this essay.
(Gordon, J.S. (iep) 2014)
A precise depiction of the historical Socrates and his philosophical view is problematic, an issue identified as the Socratic problem.
Socrates didn’t record philosophical texts, the knowledge of the man, his life, and his philosophy is based on writings by his students and generation. One of them being is Plato. The complexity of discovering the “real” Socrates occurs because these works are often philosophical or theatrical texts instead of being clear-cut histories. Apart from Thucydides (who builds no reference of Socrates or philosophers in general) and Xenophon, there are in fact no current histories with Socrates that dealt with his time and place. A result is that sources that do refer to Socrates don’t particularly claim to be historically correct, and are often supporters of his. So, historians have the challenge of merging the texts that come...