What criteria would a company use to determine its Code of Conduct (i.e., ethical behavior and its social responsibility)?
Important stakeholders affecting the code of conduct are:
? Community relations
? Employee relations
? Share holders
? Customer relations
? Minorities and Women
Social responsibility is all about promoting Corporate Fairness, Transparency and Accountability. Self-regulation for the industry is an important step towards becoming more efficient and socially responsible. All parties to corporate governance have an interest, whether direct or indirect, in the effective performance of the organization. Directors, workers and management receive salaries, benefits and reputation; whilst shareholders receive capital return. Customers receive goods and services; suppliers receive compensation for their goods or services. In return these individuals provide value in the form of natural, human, social and other forms of capital. Hence it is clearly good that businesses should seek to ...
This Solution contains over 300 words to aid you in understanding the Solution to this question.