ethics
standards of moral behavior; that is, behavior accepted by society as right versus wrong
compliance-based ethics codes
ethical standards that emphasize preventing unlawful behavior by increasing control and by penalizing wrongdoers
integrity-based ethics codes
ethical standards that define the organization's guiding values, create an environment that supports ethically sound behavior, and stress a shared accountability among employees
whistle blowers
insiders who report illegal or unethical behavior
corporate social responsibility
a business's concern for the welfare of society
corporate philanthropy
the dimension of social responsibility that includes charitable donations
corporate social initiatives
enhanced forms of corporate philanthropy directly related to the company's competencies
corporate responsibility
the dimension of social responsibility that includes everything from hiring minority workers to making safe products
corporate policy
the dimension of social responsibility that refers to the position a firm takes on social and political issues
insider trading
an unethical activity in which insiders use private company information to further their own fortunes of those their family and friends