David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 90 (3):267-275 (2009)
The authors discuss the consistency of transnational companies in their home, as well as in less developed host countries, concerning ethics, values and social responsibility. Ethical behavior offers good reputation, credibility and tradition to the corporation. It leads to corporate social, environmental and economic responsibilities, cooperating to the desired sustainability. This paper analyzes the inversion of values that corporate governance systems have suffered. The meaning and implication of the corporate social responsibility is investigated and discussed. A “pyramid of values” is built upon individual ethical values at the basis. Over them, the organizational ethical values should indicate the limits of operations, so that the corporate social responsibility can be sustained, in the top. The authors comment that ethical values no longer lead the organization. Its communication with the stakeholders, specifically through reports, has been gradually replacing the code of ethics and corporate values. These reports have taken the basis of the pyramid leading the organizations to socially irresponsible and unethical behavior. They do not guarantee transparency or communicate the needs of the society. It appears that transnational companies do not behave the same way in their home country as they do in host countries, particularly in less developed regions like Latin America and Africa. Lack of communication and transparency may induce employees to unethical decisions and transform the reporting system into a marketing instrument. In order to guarantee compliance with the codes, transparency and ethical responsibility, communication within the organization is essential
|Keywords||business ethics corporate governance corporate social responsibility stakeholder engagement sustainability transnational corporations transparency|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
Jamie Snider, Ronald Paul Hill & Diane Martin (2003). Corporate Social Responsibility in the 21st Century: A View From the World's Most Successful Firms. Journal of Business Ethics 48 (2):175-187.
Emily F. Carasco & Jang B. Singh (2003). The Content and Focus of the Codes of Ethics of the World's Largest Transnational Corporations. Business and Society Review 108 (1):71-94.
Jane Collier & Rafael Esteban (2007). Corporate Social Responsibility and Employee Commitment. Business Ethics 16 (1):19–33.
Antonio Argandoña (2003). Private-to-Private Corruption. Journal of Business Ethics 47 (3):253 - 267.
Simon Knox, Stan Maklan & Paul French (2005). Corporate Social Responsibility: Exploring Stakeholder Relationships and Programme Reporting Across Leading FTSE Companies. [REVIEW] Journal of Business Ethics 61 (1):7 - 28.
Citations of this work BETA
No citations found.
Similar books and articles
Wayne O'Donohue & Lindsay Nelson (2009). The Role of Ethical Values in an Expanded Psychological Contract. Journal of Business Ethics 90 (2):251 - 263.
Wayne O’Donohue & Lindsay Nelson (2009). The Role of Ethical Values in an Expanded Psychological Contract. Journal of Business Ethics 90 (2):251 - 263.
Loke Min Foo (2007). Third Way CR and Third World CR: In What Way Should Responsible Corporations Serve the World? International Corporate Responsibility Series 3:35-53.
Mark S. Schwartz (2005). Universal Moral Values for Corporate Codes of Ethics. Journal of Business Ethics 59 (1-2):27 - 44.
Fernanda Duarte (2010). Working with Corporate Social Responsibility in Brazilian Companies: The Role of Managers' Values in the Maintenance of CSR Cultures. [REVIEW] Journal of Business Ethics 96 (3):355 - 368.
Tarja Ketola (2008). A Holistic Corporate Responsibility Model: Integrating Values, Discourses and Actions. [REVIEW] Journal of Business Ethics 80 (3):419 - 435.
Maria Virginia Halter, Maria Cecilia Coutinho De Arruda & Ralph Bruno Halter (2009). Transparency to Reduce Corruption?: Dropping Hints for Private Organizations in Brazil. Journal of Business Ethics 84 (S3):373 - 385.
Maria Virginia Halter, Maria Cecilia Coutinho de Arruda & Ralph Bruno Halter (2009). Transparency to Reduce Corruption? Journal of Business Ethics 84 (3):373-385.
Scott J. Vitell & Encarnación Ramos Hidalgo (2006). The Impact of Corporate Ethical Values and Enforcement of Ethical Codes on the Perceived Importance of Ethics in Business: A Comparison of U.S. And Spanish Managers. [REVIEW] Journal of Business Ethics 64 (1):31 - 43.
Loke Min Foo (2007). Third Way CR and Third World CR. International Corporate Responsibility Series 3:35-53.
Added to index2010-02-15
Total downloads19 ( #184,533 of 1,789,721 )
Recent downloads (6 months)1 ( #418,435 of 1,789,721 )
How can I increase my downloads?