Ethics and Corporate Responsibility in the Workplace and...

Ethics and Corporate Responsibility in the Workplace and the World Ethics and Corporate Responsibility in the Workplace and the World In recent 0years, most companies are striving to become a benefit corporation (B-corporation). This legal form of corporation is to provide legal protection to management that want to both maximize shareholder income and pursue a social or environmental agenda (Andre, 2012). This paradigm shift is due to consumer’s awareness, global warming and globalization in the business world. All global companies have developed ethical, environmental and sustainability policies for their employees, suppliers, contractors and other stakeholders to follow. This paper will examine PharmaCare’s ethical and social†¦show more content†¦PharmaCare, a US company is unethical in the way it conducts business in Colberia, how it treats its rank-and-file versus its executives. The US is a leading member of ILO and it has signed all initiatives of this organization including the resolution in November 1996 to fight against sweatshops. Although Colberia is not a member of the ILO and d oes not have similar regulations as the US, PharmaCARE still has an ethical responsibility as a US company and as one of the leaders in social and ethical responsibility to abide by the organization’s initiative of better working conditions and wages. The working condition in the facility is absurd. Why the ranks and files are working in a mold-infested facility and the Colberians are working in deplorable conditions, the executives who are receiving the humongous compensation live in the best condition allocated to humankind. Some may argue that the Colberian employees are getting good wages as compare to others in the country, especially when the citizens are willing to work $1.00 a day. The wages in developing countries often do not correlate to their productivity. According to surveys by Kurt Salmon Associates, Inc. â€Å"in Mexico apparel workers are 70% as productive as their U.S. counterparts, yet they earn just 10% as much per hour (ECO360 Trust, n.d.). The wage coul d be good in that part of the world; however, PharmaCARE has an ethical responsibility to provide adequate equipment, basic services andShow MoreRelatedEthics and Corporate Responsibility in the Workplace and the World1623 Words   |  7 PagesAssignment #2: Ethics and Corporate Responsibility in the Workplace and the World This paper will explore the common issues of what a lot of companies face when dealing with employee relations and factors in the reality of some companies that go to the extreme into violating laws to hide illegal practices. These are not isolated cases; these bad practices are more common than we think they are. It really takes a good solid manager to successfully and positively deal with the issues in side withRead MoreEthics and Corporate Responsibility in the Workplace and the World2008 Words   |  9 PagesIt is the responsibility of companies today to promote responsible business practices at every level of the company. Business should be conducted ethically and honestly. Companies should also foster environments that promote ethical conduct and comply with all requirements of the law that they fall under. This paper will examine the ethical practices of PharmaCARE. Stakeholders will be identified, and several scenarios will be evaluated and critiqued. 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In this hypothetical scenarioRead MoreLeg 500 Assignment 3 Ethics and Corporate Responsibility685 Words   |  3 PagesASSIGNMENT 3 ETHICS AND CORPORATE RESPONSIBILITY To purchase this visit here: http://www.activitymode.com/product/leg-500-assignment-3-ethics-and-corporate-responsibility/ Contact us at: SUPPORT@ACTIVITYMODE.COM LEG 500 ASSIGNMENT 3 ETHICS AND CORPORATE RESPONSIBILITY LEG 500 Assignment 3 - Ethics and Corporate Responsibility in the Workplace and the World Write a six to eight (6-8) page paper in which you: 1. Determine all the stakeholders in this scenario. 2. Analyze the ethics of PharmaCARE’sRead MoreThe Bureaucratic Approaches Of Leadership1525 Words   |  7 Pagesorganizational goals.† (Clegg, Kornberger Pitsis 2011, p. 126). 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