Ethics Codes, Corporations, and the Challenge of Globalization

Ethics Codes, Corporations, and the Challenge of Globalization
Author: Wesley Cragg
Publisher: Edward Elgar Publishing
Total Pages: 424
Release: 2005-02-24
Genre: Business & Economics
ISBN: 9781781956304

Globalization has altered in significant ways the tools available to regulate international commerce. One result is the emergence of ethics codes, codes of responsible conduct, and best practice codes designed to win adherence to internationally acceptable norms of conduct on the part of corporations and other organizations interacting in the global market place. This volume looks at these developments with particular focus on five topic areas: respect for human rights, treatment of labor, bribery and corruption, environmental protection, and international finance and the control of money laundering. What is significant about these developments is the emerging emphasis on self-regulation as the primary method for raising standards of corporate conduct. The contributors examine the reasons for the emergence of ethical codes and the phenomenon of self-regulation within the context of globalization and look at the role of national governments, international government institutions and other international organizations in shaping and enforcing them. They also study the implications of these developments for corporate governance and the changing roles of national and international institutions in the regulation of international commerce.

Corporate Ethics and Corporate Governance

Corporate Ethics and Corporate Governance
Author: Walther C. Zimmerli
Publisher: Springer Science & Business Media
Total Pages: 328
Release: 2007-06-12
Genre: Business & Economics
ISBN: 3540708189

This book represents an introduction to and overview of the diverse facets of the ethical challenges confronting companies today. It introduces executives, students and interested observers to the complex trends and developments in business ethics. Coverage presents industry-specific topics in ethics. The book also provides a general, interdisciplinary survey of the ethical dimensions of management and business.

Code of Conduct on Transnational Corporations

Code of Conduct on Transnational Corporations
Author: Mia Mahmudur Rahim
Publisher: Springer
Total Pages: 184
Release: 2019-02-08
Genre: Business & Economics
ISBN: 3030108163

This book explores the challenges and opportunities presented by the formulation of a global code of conduct for transnational corporations. It assesses the current state of research on global regulations intended to enhance the social responsibility of transnational corporations, and provides a platform for future research. In particular the book examines frameworks and instruments for regulating social responsibility, reviews recent developments concerning the proposed UN Code of Conduct on Transnational Corporations, and provides insights into international civil society groups’ movements in pursuit of a code of conduct. In a separate chapter the book discusses theoretical issues in regulating transnational corporations, and investigates their legitimacy and behavioral dynamics. In closing, the book discusses alternatives to a global code of conduct, the impact of sovereign power in the era of globalization, “soft regulations,” and the feasibility and normative efficacy of enforcing regulations.

Globalisation and Business Ethics

Globalisation and Business Ethics
Author: Karl Homann
Publisher: Routledge
Total Pages: 275
Release: 2016-04-22
Genre: Political Science
ISBN: 131712720X

Globalization has become a common phenomenon, yet one that many people experience as a threat not only to their economic existence, but also to their cultural and moral self-image. This volume takes an interdisciplinary approach to provide a theoretical overview of how business ethics deals with the phenomenon of globalization. The authors first examine the origins and development of globalization and its interaction with business ethics, before discussing the impact on and role of national and multinational corporations. The book goes on to examine the relationship between industrialized and developing countries, and explores the place of ethics in globalized markets.

Globalization and the Ethical Responsibilities of Multinational Corporations: Emerging Research and Opportunities

Globalization and the Ethical Responsibilities of Multinational Corporations: Emerging Research and Opportunities
Author: Johnson, Tarnue
Publisher: IGI Global
Total Pages: 125
Release: 2017-03-21
Genre: Business & Economics
ISBN: 1522525351

Large corporations operating on an international scale require honest business practices. It is imperative for corporations to conduct activities in an ethical manner, while also attaining effective economic growth. Globalization and the Ethical Responsibilities of Multinational Corporations: Emerging Research and Opportunities is a scholarly reference source including the latest findings on the connection between international influence and integrity among corporations. Featuring extensive coverage on a broad range of topics and perspectives such as corporate governance, stakeholder theory, and foreign direct investment (FDI), this publication is ideally designed for researchers, professionals, and academicians seeking current research on how global and transnational firms have affected economic progression all over the world.

Globalization and Self-Regulation

Globalization and Self-Regulation
Author: S. Prakash Sethi
Publisher: Macmillan
Total Pages: 312
Release: 2011-07-05
Genre: Business & Economics
ISBN: 0230337392

It is imperative for the business community to act now to create global, industry-wide standards of conduct. Corporate strategy expert S. Prakash Sethi along with notable experts on issues of global codes of conduct take an in-depth look at global structures and how regulation works from a corporate perspective, providing case studies of several industries and governments who have begun implementing voluntary codes of conducts, including Equator Principles, ICMM, and The Kimberly Process. He assesses the many types of self-regulations that are currently underway and provides critical analysis for making these more effective, making this a must-read for academics, policy-makers, and corporate leaders.

Corporate Codes of Ethics

Corporate Codes of Ethics
Author: Christian Bacher
Publisher: GRIN Verlag
Total Pages: 88
Release: 2007-07
Genre: Business & Economics
ISBN: 3638636577

Essay from the year 2005 in the subject Business economics - Business Ethics, Corporate Ethics, grade: A+, University of Otago (Department of Management), course: International Management, 45 entries in the bibliography, language: English, abstract: As long as human societies exist, the life of man has been based on norms, rules, values and practices that governed human behaviour. Individual and communal-shared ethics even make life within society possible as we know it. Part of this social life is doing business, in form of exchanging goods to fulfil basic needs and to achieve higher levels of satisfaction for oneself and for others. However, to combine moral thinking and acting with today's business activities in a free market economy seems to be counterintuitive. Somehow both notions do not really fit together. Still, Corporate Codes of Ethics exist. This essay consist of two parts. Each part reflects one question or problem that I found worthy of having more light shed on it. The first part answers the question "Why do corporate Codes of Ethics exist?" or "Why do corporations establish corporate Codes of Ethics?" under the basic assumptions, that ethics are 'costly' and therefore against the idea of maximising profit which is predominant in the market ideology. Proving these assumptions is not so easy. First the term ethics will be defined and selected theories which could be the basis for Codes of Ethics will be portrayed. Then it is important to know what kind of morality is underlying the modern market ideology as we know it. Following that a correlation is sought between the market morality and corporate ethics, ending in the insight that corporate morality is costly and, therefore, is against economic intuition. Part one finishes then with a surprisingly simple answer to the question why codes exist. The second part brings the findings of the first part in a broader context. The considered corporation of part one now 'grows' beyond borders and begins to

The Importance of Codes of Ethics

The Importance of Codes of Ethics
Author: Anna Mika
Publisher: diplom.de
Total Pages: 57
Release: 2011-06-08
Genre: Business & Economics
ISBN: 3842815131

Inhaltsangabe:Introduction: During my time of studying business and economy, I have been fascinated by the fact that nearly everything in our world is influenced by the global economy. Every simple trade transaction or exchange of services involves a lot of people and impacts several countries nowadays. The constant rise of the globalisation produced multinational enterprises with a lot of power and control over big parts of the world s resources. The decay of human moral understanding and the recent scandals due to unethical business practices promoted my interest of multicultural and ethical business. The change in the business ethos and the grey zones emerged due to country differences supported unethical business behaviour. Ethics and moral as defined thousands of years ago by the first philosophers need to be taken seriously again. Especially, by institutions, which have an influence on many people and our environment, as businesses have nowadays. My goal is to illustrate this importance of business ethics and their main instrument, the codes of ethics. Is there really a need for business ethics? If everybody would act morally, why is then everybody talking about ethics in the business context? Following the thoughts of Aristotle s virtue ethics and Kant s categorical imperative, there would be no need of business ethics since everybody would be trustworthy and respect the society and the nature. Recent scandals on the other hand illustrated that ethics and moral are not well-known in enterprises with its main goal of profit maximization and that managers tend to live against the categorical imperative. The debate about the connection between business and ethics started with the birth of modern capitalism and intensified with the industrialisation and globalisation. Capitalistic thoughts, increase of corporations and individualization of humans created opportunistic behaviour, which is incompatible with the moral of values according to Aristotle. The globalization and impact of growing number of stakeholders aggravate the situation of the society s moral understanding. Through NGOs and media pressure and a change in customer s attitudes towards corporate responsibilities the awareness of a missing moral occurred. Multinational enterprises have to face various dilemmas caused by differences in cultures and national laws. These diversities and gaps on the global level provoke grey zones, which corporations can take and some already took [...]

The Corporate Responsibility Code Book

The Corporate Responsibility Code Book
Author: Deborah Leipziger
Publisher: Routledge
Total Pages: 504
Release: 2017-09-29
Genre: Business & Economics
ISBN: 135128102X

There is no single code or standard, no panacea that will lead to corporate responsibility (CR). Yet, now, more than ever before, corporations are waking up to the fact that they must adopt codes and implement standards to satisfy the growing demands of an ever-wider and ever-less-trustful spectrum of stakeholders. So, where do companies start? Information overload is nowhere more apparent than in the field of CR. There are millions of pages and web pages written on codes and standards, but most of it is spin: organisations punting to sell their code or standard. The reality is that CR is an emerging field, a new terrain for which maps are much needed, but often imprecise. Each company is different, each with its own challenges, corporate culture, unique set of stakeholders, and management systems. Corporate responsibility is a journey for which, today, there is no single map but a multitude of codes and standards that can be combined in new ways for different journeys. In her many lectures around the world, CSR consultant Deborah Leipziger has been asked the same question over and over again: "What are the best standards for companies seeking to be socially responsible?" Over the course of more than a decade, she has analysed hundreds of codes of conduct and standards to answer that question. This indispensable resource is the result. The Corporate Responsibility Code Book is a guide for companies trying to understand the landscape of corporate responsibility and searching for their own, unique route towards satisfying diverse stakeholders. There is no one-size-fits-all approach. A company may face quite different challenges if it operates in more than part of the world. And yet stakeholders, especially consumers and investors, are keen for some degree of comparability with which they can evaluate corporate performance. There are countervailing forces at work within corporate responsibility: on the one hand is the need for convergence in order to simplify the large numbers of codes and standards; and, on the other hand, the need to foster diversity and innovation. Many of the best codes of conduct and standards are not well known while some CR instruments that are well disseminated are not terribly effective. Some comprehensive codes of conduct achieve nothing, while other quite vague codes of conduct become well embedded into the organisation and foster innovation and change. The book explains some of the best CR instruments available, and distils their most valuable elements. The goal of the book is to help companies select, develop and implement social and environmental codes of conduct. It demonstrates how the world's leading companies are implementing global codes of conduct, including the United Nations Global Compact, the OECD Guidelines for Multinational Enterprises, Social Accountability 8000 (SA 8000) and AccountAbility 1000 (AA 1000). The codes in this book cover a wide range of issues, including human rights, labour rights, environmental management, corruption and corporate governance. The book also includes how-to (or process) codes focusing on reporting, stakeholder engagement and assurance. This book is based on interviews with the standard-setters, the implementers of standards, academics, activists and other key stakeholders from around the world; and in many cases includes the full text of the code profiled. Each of the standards and codes described has been shared with the promulgators of the instrument to ensure that the information is as up to date as possible. The Corporate Responsibility Code Book will be an invaluable tool for companies developing their own code, but will also be a key tool for companies with a strong track record in CR, seeking to understand the interrelationships among codes and standards to create their own corporate vision. It will be the key reference text on corporate codes of conduct for many years to come.

International Business-Society Management

International Business-Society Management
Author: Rob van Tulder
Publisher: Routledge
Total Pages: 543
Release: 2005-12-16
Genre: Business & Economics
ISBN: 1134293275

Drawing on a wealth of experience, both in research and teaching the authors of this book have developed a text that integrates reputation, responsibility, ethics and accountability.