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Compliance-based ethics codes
Ethical standards that emphasize preventing unlawful behavior by increasing control and by penalizing wrongdoers.
Corporate philanthropy
The dimension of social responsibility that includes charitable donations.
Corporate policy
The dimension of social responsibility that refers to the position a firm takes on social and political issues.
Corporate responsibility
The dimension of social responsibility that includes everything from hiring minority workers to making safe products.
Corporate social initiatives
Enhanced forms of corporate philanthropy directly related to the company's competencies.
Corporate social responsibility (CSR)
A business's concern for the welfare of society.
Ethics
Standards of moral behavior, that is, behavior accepted by society as right versus wrong.
Insider trading
An unethical activity in which insiders use private company information to further their own fortunes or those of their family and friends.
Integrity-based ethics codes
Ethical standards that define the organization's guiding values, create an environment the supports ethically sound behavior, and stress a shared accountability among employees.
Social audit
A systematic evaluation of an organization's progress toward implementing socially responsible and responsive programs.
Whistleblowers
Insiders who report illegal or unethical behavior.