FAIRNESS, ACCOUNTABILITY,
TRANSPARENCY AND
STEWARDSHIP OBSERVED IN
BUSINESS AND NON-PROFIT
ORGANIZATION
INTRODUCTION
A company that applies the principle of fairness,
accountability, transparency and stewardship will
usually outperform other companies. Strong
application with these principles maintain's
investors confidence, whose support can help to
finance further growth.
WHAT IS BUSINESS
ORGANIZATION
It is a collection of people working
together to achieve a common purpose in
relation to their organization's vision,
mission, goals, and objectives sharing a
common organizational culture.
WHAT IS NON-PROFIT
ORGANIZATION
A nonprofit organization is a business that has been granted
tax-exempt status by the Internal Revenue Service (IRS)
because it furthers a social cause and provides a public benefit.
Donations made to a nonprofit organization are typically tax-
deductible to individuals and businesses that make them, and
the nonprofit itself pays no tax on the received donations or on
any other money earned through fundraising activities.
BUSINESS NON-PROFIT
ORGANIZATION ORGANIZATION
• A legal entity, which • A non-profit
operates for earning organization is a legal
profit for the owner, is entity, which operates for
known as business serving the society as a
organization whole.
BUSINESS NON-PROFIT
ORGANIZATION ORGANIZATION
• Profit motive • Service Motive
• They sell goods and • Donation, subscription,
offer service. membership fee etc.
BUSINESS NON-PROFIT
ORGANIZATION ORGANIZATION
• Capital contributed by • Funds from donation,
the owners. subscription, government
• Sole proprietorship, grant and so on.
Partnership firm or • Club, Trust, Public
company hospitals, society, etc.
WHAT IS FAIRNESS,
ACCOUNTABILITY,
TRANSPARENCY AND
STEWARDSHIP
FAIRNESS
Fairness comes from the old English word faeger, which
means "pleasing or attractive.”
Fairness in the context of a business organization involves
balancing the interests involved in all decision-making
including any decisions related to hiring, firing (including
the investigatory process), and the compensation and
rewards system. Hiring the right people is one of the most
important decisions an organization makes
FAIRNESS
• Fairness is perhaps one of the hardest yet most
important to practice on a consistent business.
• It refers to the equal treatment.
• In business, it refers to the value of treating people with
standard of performance that is consistent and equal
based on commitments.
• Caring for community members and business partners
with similar level of fairness expected from them is also
vital
FAIRNESS
Example:
• if an employee is underpaid, she will find it unfair in terms
of distribution if a better-paid man is her adviser, and if an
employee learns that a peer doing exactly the same work as
her earns more money, the employee will choose to work
less, which creates fairness in the eyes of the workers.
ACCOUNTABILITY
• Refers to the obligation and responsibility
to give an explanation or reason for the
company's action and conduct.
• It is crucial in ensuring high performance
within an organization
ACCOUNTABILITY
Accountability in the context of a business
organization is the obligation to demonstrate
that work has been conducted in compliance
with agreed rules and standards or to report
fairly and accurately on performance results
mandated roles and/or plans.
TRANSPARENCY
• It ensure that stakeholders can have
confidence in decision-making and
management processes of a company.
• Means openess; a willingness by the
company to provide clear information to
shareholders and other stockholders.
TRANSPARENCY
Transparency is defined as being authentic in the way an
organization message themselves externally – to stakeholders,
to prospective customers and talent, and within the community.
It allows stakeholders to understand whether the activities of
social institutions provide a genuine service to civil society
andwhether money is used appropriately. Thus, transparency
means there is lack of hidden agendas or
conditions,accompanied by the availability of full information
required of collaboration, cooperation, and collective decision-
making.
STEWARDSHIP
Stewardship is an alternative to leadership.
Stewardship asks us to be deeply
accountable for the outcomes of an
institution, without acting to define purpose
of others, control others, or take care of
others. It can be most simply defined as
giving order to the dispersion of power.
STEWARDSHIP
Stewardship means that those who are
entrusted with wealth of any kind have an
obligation to hand those assets down in
better shape than they inherited them. It
means being responsible beyond the
individual or company, and in the long-term
beyond one’s lifetime.
THANK YOU
