Philosophies
A set of personal principles by which you live your life.
What is a Value System?
These individuals have a vested interest in the ethical performance of an organization.
Who are Stakeholders?
The values, beliefs, and norms shared by all employees of a company.
What is Organizational Culture?
The view that a corporation's only duty is to maximize profits for shareholders.
What is the Instrumental Approach?
The system by which business organizations are directed and controlled.
What is Corporate Governance?
Aristotle's theory that focuses on an individual's character and traits.
What is Virtue Ethics?
Unlike stakeholders, these people actually own a piece of the company.
Who are Shareholders/Stockholders?
This map identifies functional inputs in transforming raw materials into products.
What is the Value Chain?
The model where a corporation has a social obligation beyond its stockholders.
What is the Social Contract Approach?
This board committee oversees financial reporting and the external auditor.
What is the Audit Committee?
This theory suggests doing the greatest good for the greatest number of people.
What is the Utilitarianism?
A situation where one's personal values clash with an organization's culture.
What is a Clash of Ethical Standards?
A situation where one relationship creates a conflict with an existing obligation.
What is a Clash of Ethical Standards?
This "Line" measures a company's social, environmental, and financial success.
What is the Triple Bottom Line?
This committee is responsible for setting the pay of senior executives.
What is the Compensation Committee?
This "categorical imperative" argues for rules that should become universal laws.
What is Universal Ethics (Kant)?
This group includes employees, customers, and the community.
Who are External Stakeholders?
This department is often seen as being at the "center" of a corporate code.
What is Human Resources?
The practice of purchasing credits to offset greenhouse gas emissions.
What is Carbon Neutrality?
The aggressive governance approach adopted by the Sarbanes-Oxley Act.
What is "Comply or Else"?
The belief that ethics are relative to your own culture or society.
What is Ethical Relativism?
The concept of "doing well by doing good."
What is Social Responsibility?
These principles guide ethical accounting.
What are GAAP?
This type of CSR targets philanthropy toward positive publicity or goodwill.
What is Strategic CSR?
Directors who are not employees or stakeholders of the organization.
What are Outside (Independent) Directors?