How can unsound financial planning or reporting lead to litigation, compliance violations, or ethics dilemmas?© BrainMass Inc. brainmass.com June 3, 2020, 6:27 pm ad1c9bdddf
Business ethics is the branch of ethics that examines ethical rules and principles within a commercial context; the various moral or ethical problems that can arise in a business setting; and any special duties or obligations that apply to persons who are engaged in commerce. In recent times, this word has been referred to as an oxymoron. Those who are interested in business ethics examine various kinds of business activities and ask, "Is the conduct ethically right or wrong?"
It is clearly good that businesses should seek to minimize their negative social and environmental impact resulting from their economic activity. Some of the variables considered by Business Ethics in coming up with its list are
2. Community relations
3. Employee relations
4. Share holders
3. Customer relations
4. Non U.S. stakeholders
5. Minorities and Women
There is no strict "formula" for how a company is evaluated. All available measures, news articles, lawsuits, annual reports, etc. are compiled for each company -- including input from the company itself -- and a researcher.
The corporate's social responsibilities encompasses:
* The environment it operates in
* The employees with which it survives
* The Market for which it exists
* The ...
This explains the case of Unsound Financial Planning/Reporting