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The author’s research question is focused on how to support stakeholders to get objective information, increase transparency in organization and stop hypocritical behavior.
For example, Starbucks managers took ethics audit to assure stakeholders that the given information was accurate by engaging an independent third party to verify the content of its CSR reports (Kotler and Lee; ) recommended for future research studying the effectiveness of ethics measures.
Furthermore, the media is useful in detecting greenwashing, but fails to monitor whether greenwashing firms improve their corporate social performance in the future.
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To earn stakeholders interests and fulfil the requirements of abovementioned regulation the corporate governance should be transparent and honest.
Dissertation On Csr Reporting Technology And Society Essays
The aim of current article is to introduce a new approach to the ethics audit which can provide to the stakeholders more adequate information about the company’s real values and CSR performances.This article describes a new approach to the ethics audit, improved by the author, which can help managers in evaluating how well the company has fulfilled its economic, legal and ethical obligations, discover or prevent ethical risks and plan CSR activities strategically to satisfy stakeholder interests.To avoid hypocrisy between declared values, mission and CSR reports corporate management should be transparent keeping in mind that decisions are made and enforced in a manner that follows the real rules and procedures.This article bases on author’s doctoral theses: Ethics audit: a management tool for assessing of corporate social responsibility and preventing ethical risks.), media releases, and the author’s own personal experience as an assessor of CSR reports in Estonia, have provided cases where highly-ranked responsible companies have acted unethically or violated the basic principles of responsible behaviour.The results of research curried out by the author in 2013 indicated that 5 companies from 13 have contradiction between declared values or statements in CSR report and real behaviour (Rihma and Meel ).This is also confirmed by the scandals seen with large corporations, which have all previously scored high results in CSR reports – companies such as BP, Nestle, Royal Mail, World Com and Enron (Cannon ).Such cases undermine the nature of CSR, reduce trust in social reports and damage the interests of stakeholders.The analysis of probability and consequences, risk mitigation strategies and follow-up activities, such as risk response and control, are essential elements of the whole risk management process (Pinto , 223).As such the arguments above specify of the research gap. Content Header .feed_item_answer_user.js-wf-loaded . Since Corporate Social Responsibility (CSR) and business ethics are principles that sustainable organizations cannot ignore in the 21st century several international organizations (ILO, OECD, and EU) have established business, social and ethical standards and guidelines, which are no longer optional but mandatory.