Business Ethics

Running head : BUSINESS ETHICSIntroductionCorporate social responsibility (CSR ) is an outstanding aspect of any business enterprise operating in a local or international market Fulfilling obligations towards stakeholders informs collective bodies of the need to codify the expected behavior of all employees ( HYPERLINK hypertext transfer protocol /www .amazon .com /exec /obidos /search-handle-url /ref ntt_athr_dp_sr_ 2 5Fencoding UTF8 search-type ss index books field-author C 20K 20Pra halad Prahalad HYPERLINK hypertext transfer protocol /www .amazon .com /exec /obidos /search-handle-url /ref ntt_athr_dp_sr_ 3 5Fencoding UTF8 search-type ss index books field-author Michael 20E 20Porter Porter , 2003 . focussing teams of corporate bodies have contributed to the collapse of major firms because of wrong practices and now theft of company resources . Internal audits and codes of ethics have be ineffective in stemming the tide of executive greed and insider calling that has led to the fall of big firms like Enron .

To protect stakeholders from unethical practices of corporate leaders , a corporate responsibility truth should be enacted that clearly outlines the functions , structure and obligations of executive boardsSarbanes- Oxley laws set a precedent in regulating the management of public corporations ( HYPERLINK hypertext transfer protocol /www .amazon .com /exec /obidos /search-handle-url /ref ntt_athr_dp_sr_ 2 5Fencoding UTF8 search-type ss index books field-author C 20K 20Pra halad Prahalad HYPERLINK hypertext transfer protocol /www .amazon .com /exec /obidos /search-handle-url /ref ntt_athr_dp_sr_ 3 5Fencoding UTF8 search-type ss index books field-author Michael 20E 20Porter Porter , 2003 . By restricting chairpersons from holding the seat of chief executive , the legislation reduced the incidence of executives mismanaging the company for their personal...If you want to get a full essay, order it on our website: Ordercustompaper.com

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