IntroductionIntroduction

In this presentation we cover the In this presentation we cover the topic of social responsibilities of topic of social responsibilities of corporation and business individuals corporation and business individuals the topic consist of four measure the topic consist of four measure dimensions which are as further.dimensions which are as further.

Economic ComponentsEconomic Components(Responsibilities)(Responsibilities)

1. It is important to perform in a manner1. It is important to perform in a mannerconsistent with maximizing earnings perconsistent with maximizing earnings perShareShare

2. It is important to be committed to being2. It is important to be committed to beingas profitable as possible.as profitable as possible.

3. It is important to maintain a strong3. It is important to maintain a strongcompetitive position.competitive position.

4. It is important to maintain a high level of4. It is important to maintain a high level ofoperating efficiency.operating efficiency.

5. It is important that a successful firm be5. It is important that a successful firm bedefined as one that is consistentlydefined as one that is consistentlyprofitable.profitable.

Legal ComponentsLegal Components(Responsibilities)(Responsibilities)

1. It is important to perform in a manner1. It is important to perform in a manner

consistent with expectations of governmentconsistent with expectations of government

and law.and law.

2. It is important to comply with various2. It is important to comply with various

federal, state, and local regulationsfederal, state, and local regulations

3. It is important to be a law-abiding3. It is important to be a law-abiding

corporate citizencorporate citizen

4. It is important that a successful firm be4. It is important that a successful firm be

defined as one that fulfills its legaldefined as one that fulfills its legal

obligations.obligations.

5. It is important to provide goods and5. It is important to provide goods and

services that at least meet minimal legalservices that at least meet minimal legal

requirements.requirements.

Ethical ComponentsEthical Components(Responsibilities)(Responsibilities)

1. It is important to perform in a manner1. It is important to perform in a manner

consistent with expectations of societalconsistent with expectations of societal

mores and ethical norms.mores and ethical norms.

2. It is important to recognize and respect2. It is important to recognize and respect

new or evolving ethical moral normsnew or evolving ethical moral norms

adopted by society.adopted by society.

3. It is important to prevent ethical norms3. It is important to prevent ethical norms

from being compromised in order tofrom being compromised in order to

achieve corporate goals.achieve corporate goals.

4. It is important that good corporate4. It is important that good corporate

citizenship be defined as doing what iscitizenship be defined as doing what is

expected morally or ethically.expected morally or ethically.

5. It is important to recognize that corporate5. It is important to recognize that corporate

integrity and ethical behavior go beyondintegrity and ethical behavior go beyond

mere compliance with laws and regulations.mere compliance with laws and regulations.

Philanthropic ComponentsPhilanthropic Components(Responsibilities)(Responsibilities)

1. It is important to perform in a manner1. It is important to perform in a mannerconsistent with the philanthropic andconsistent with the philanthropic andcharitable expectations of society.charitable expectations of society.

2. It is important to assist the fine and2. It is important to assist the fine andperforming arts.performing arts.

3. It is important that managers and3. It is important that managers andemployees participate in voluntary andemployees participate in voluntary andcharitable activities within their localcharitable activities within their localcommunities.communities.

4. It is important to provide assistance to4. It is important to provide assistance toprivate and public educational institutions.private and public educational institutions.

5. It is important to assist voluntarily those5. It is important to assist voluntarily thoseprojects that enhance a community’sprojects that enhance a community’s"quality of life.""quality of life."

Question Answer sessionQuestion Answer session