“This is the cutting-edge textbook on a managerial approach to corporate responsibility. Students and executives will benefit a great deal by studying the cases and best practices that are here. It's a terrific book.” —Ed Freeman, Elis and Signe Olsson Professor of Business Administration, Darden School of Business, University of Virginia Corporate Responsibility offers a concise and comprehensive introduction to the functional area of corporate responsibility. Readers will learn how corporate responsibility is good for business and how leaders balance their organization—s needs with responsibilities to key constituencies in society. Author Paul A. Argenti engages students with new and compelling cases by focusing on the social, reputational, or environmental consequences of corporate activities. Students will learn how to make difficult choices, promote responsible behavior within their organizations, and understand the role personal values play in developing effective leadership skills.
Chapter 7: Corporate Ethics
Writing in the Financial Times in October 2012, Michael Woodford, former president and CEO of Olympus Corporation, declared corporate ethics “a matter of life and death.”1 While this may seem hyperbolic, there are indeed many situations in which corporate ethics affect the lives of people around the world. Unsafe conditions along a corporate supply chain as a result of weak or unenforceable labor laws could result in the deaths of factory workers or other laborers. Consider the 2010 crisis at Foxconn facilities in China, a major supplier of Apple’s iPads, or the Upper Big Branch coal mine disaster in West Virginia that same year, where the deaths of 29 miners resulted from poor corporate oversight.
In both of these cases, labor law ...