Lecture 1 Introduction
Lecture 1 Introduction
2 Discuss how corporate social responsibility and corporate governance relate to ethics and law.
Evaluate ethical issues and propose viable solutions from the perspective of relevant laws and
ethical practices.
3 Examine critically the issues and challenges in the implementation of professional ethics and laws in
a specified functional area of business management.
Assessments
Lack of
Cost cutting
regulation
Intensive
Globalisation
competition
The Impact of Irresponsible
Business – Does it Matter?
How do irresponsible business affect you?
Think of one incident that you have been shortchanged because of dishonest
retailer or business entity
The Impact of Irresponsible
Business – Does it Really
Matter? (Cont.)
So now the question is why does it matter to us if retailers or
corporations are dishonest and irresponsible? Think about this question
broadly:
1. Health hazards to the public
Conjoined babies and thalidomide
Grunenthal GMBH; Sanlu baby milk
Powder!
The Impact of Irresponsible
Business – Does it Really
Matter? (Cont.)
2. Pollution and environmental devastation
The Impact of Irresponsible
Business – Does it Really
Matter? (Cont.)
3. Man made disasters
The Impact of Irresponsible
Business – Does it Really
Matter? (Cont.)
4. Product liability and hazards
The Impact of Irresponsible
Business – Does it Really
Matter? (Cont.)
5. Human rights
The Impact of Irresponsible
Business – Does it Really
Matter? (Cont.)
6. Cultural erosion and dominance
Think about this carefully again and you should have a different view
about studying this subject
Activity
Get in a group of 5 and discuss the following question:
Do you think law can guarantee ethical business? Give examples and
reasons for you answer