There are five target of agenda which are effective reduce corruption, malpractices and abuse of power, increase the efficiency of the public service and overcome bureaucratic red-tape, enhancing corporate governance, business ethic and corporate social responsibility, straightening the administration and community and improving the quality of life and people’s well being.
CISM are supported by stakeholder of PEMANDU, MACC and Bursa Malaysia Berhad, in which helping to promote CISM. By the way, they are creating a group to tell public about they are against corruption. For the existing corporation, they have guideline to fix some policy. For the company around the table, CEO should be responsible to set up their tone of ethical value. They should look at the ethical performance and behavior of the company. Then the leadership is needed to constantly reinforce this through different interventions and to support through the organization to do the right thing. So whether you are large multinational organization or small SME, it depends on the culture of the company.
Scandal seem that is continued coming from the UK right now, we have got on going banking scandal and every week he come out with a case study. From the Enron and Arthur Andersen is a perfect example of ethical on world what they make wrong. They can make a lot of money in a short term, but in the long term he unethically business can be doomed. They should look for the sustainability and long term interest of the business. SME found it more challenging than multinational companies ...
... middle of paper ...
...gulations and norms, are necessary for effective business reputation. Nowadays, accountability and transparency have become key issues for companies of all sizes as they recognize that they must take risk to their reputation.
Government can do better ethical and best practice, in terms of advocacy working together investor stakeholder like PEMANDU and MACC. Working closely with them, reason is we are focusing to business community Malaysia. Because these are the primary pool response to their answer survey wish actually they are taking as a sampling form. Approach have been to brought to the central governance and the public, public sector entity and as well wish out to the international chamber of the commerce international investment community for who their the one who ship the ranking. So well it cannot happen overnight move forward and this is work in progress.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- Today every company is putting the CSR as the forefront of their company’s mission statement, and Starbucks is leading in this area. As the company focuses on the triangle of reputation, organization and responsive integrity. This gives Starbucks a clear picture of the conditions and strategic presentation of which the company is engaged proactively in the CSR. Starbucks had invariably been learning from their day to day operations and has gained insights from companies that are heavily engaged in CSR.... [tags: Sustainability, Corporate social responsibility]
1000 words (2.9 pages)
- Businesses applying corporate social responsibilities (CSR) theory as it gives the opportunity to have a positive impact on the environment and the company; some of the advantages that the CSR provides is enhanced brand and reputation, reduction in operation costs, attracting new customers, balances power with responsibility, discourages government regulation, improves a company’s public image, promotes long-run profit, improved relations with the investment community and better access to capital, enhanced employee relations, productivity and innovation and stronger relations within communities through stakeholder engagement.... [tags: Corporate social responsibility, Business ethics]
972 words (2.8 pages)
- Corporate governance refers to the relationship between shareholders, management and the board of directors of a corporation and how each of these participants influence the direction and performance of the corporation. The governance of a corporation directly relates to how that company will operate and whether that company will be successful. Corporations that operate using sound, moral corporate governance lay the groundwork for a corporation that has integrity and efficiency in financial markets.... [tags: Corporate governance, Corporation]
1228 words (3.5 pages)
- “Corporate Social Responsibility” “Corporations today are under a microscope. Virtually every aspect of operations is subject to scrutiny by consumers.” According to Ogilvy, If CSR issues are managed well, there will be opportunities for a company to build its reputation and differentiate itself. In today’s society, what you stand for as an organization matters way more than what you produce, sell or what services you provide. CSR is a commonly used as an abbreviation for “Corporate Social Responsibility”.... [tags: consumers, ethics, power]
2113 words (6 pages)
- The concept of business ethics refers to a set of guiding principles that encourage individuals in an organization to make decisions based on the company’s stated beliefs and attitudes toward business practices within its industry (Lisa McQuerrey., 2016). Ethical and Unethical business decisions have long been a predicament encountered by organisations, these practices are concerned with how the companies interact with the global business world, and to their one-on-one dealings with individuals (Garry Crystal, 2016.) The concept of ethics and social responsibility emerged into the business world in the early 1970s after the end of World War I, saw these organisations become more profit dri... [tags: Ethics, Business ethics, Morality, Applied ethics]
1267 words (3.6 pages)
- 1. Foxconn strengths, they are the only company to manufacture the Apple iPad and one of only two companies to manufacture Apple iPhone’s. Foxconn is also one of the largest employers in the world, with about one million employees at the China plant alone. Foxconn also has low labor costs due to the manufacturing plant is located in China. Foxconn also has weaknesses, they are getting a bad reputation do to employees committing suicide, and a tragic explosion occurred due to unsafe working conditions.... [tags: Apple Inc., App Store, IPhone OS, IPhone]
883 words (2.5 pages)
- What is ethical integrity and why is it important. This paper will address the viewpoint of ethical integrity and its outcome. Ethical Integrity is a favorably sensible method for doing what is right when it comes to people dealing with people. In today’s society, ethical integrity has become a modern lifestyle. When a person has a strong moral character, they are said to be a person of integrity and to live a honest life is said to be the most important virtue a person can have. Consistency is a concept of ethical integrity and people should act according to their moral principles.... [tags: Ethical Integrity Essays]
1606 words (4.6 pages)
- Ethical and moral quandaries are present at all levels of organized sports (DeSensi, 2010). Athletic directors and sporting managers face many demands each day surrounding their job responsibilities; budgets, parents, coaches, student-athletes, office personal, facility management, public relations. Each of these areas and many more require a considerate, level minded, comprehensive ethical and moral response when a challenge arises to develop an equitable response and solution (DeSensi, 2010). Hence, having a plan of action to handle ethical and moral issues may be essential to creating a culture of integrity in athletic organization.... [tags: Morality, Ethics, Philosophy, Business ethics]
1695 words (4.8 pages)
- Decisions are made every day in the workplace that may have ethical implications. It is important to conduct business in an ethical way because those decisions may have an impact on their companies, employees, shareholders, customers, and possibly on society. As organizations integrate ethical values into their corporate culture, they will have an engaged workforce that will have higher morale, higher employee retention, and higher production. “American Management Association (AMA) executive members completed an online corporate values survey.... [tags: Ethics]
2639 words (7.5 pages)
- Ethical and Socially Responsive Business I believe that every company should encourage a relationship of trust, loyalty, honesty, and responsibility among staff members at all levels. It’s important that each staff member works together to achieve excellence in a business, so the code of conduct is put in place. The purpose of the code is to provide guidance and set common ethical standards for employees from the top of the food chain to the bottom of the food chain. Some of the areas that I find to be significant of importance in a business are sexual harassment, discrimination and simply being professional in a work environment.... [tags: Code, Conduct]
1287 words (3.7 pages)