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Corporate Responsibility Changes

Discuss how management today has changed from the past, with respect to corporate responsibility and ethics.

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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. The corporations apply business ethics by having good corporate governance.

Corporate Governance is all about promoting corporate fairness, transparency and accountability. 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 minimize their negative social and environmental impact resulting from their economic activity.

Corporations that treat the environment with respect leave little waste for the ...

Solution Summary

672 words with references to walk through the changes in corporate responsibility over the years due to ethics and sociological shifts.