Stakeholders and Business Assignment PDF

BY MAHESH SENANAYAKE
VISITING LECTURER
CAMBRIDGE COLLEGE OF BUSINESS MANAGEMENT

Key Areas to Learn
•Business Ethics
•Stakeholders and Business
•Corporate Governance
•CSR/Sustainability
•Triple Bottom Line
•Code of Conduct
•GRI – Global Reporting Initiative
•Mendelow Matrix /Power interest Matrix
•CSR Pyramid ; Carroll’s Model
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Ethics ? Morals ? Laws ?•Ethics - a branch of philosophy that involves “systematizing, defending and recommending
concepts of right and wrong conduct.”
Ethics involves understanding the differences between right and wrong thinking and actions,
and using principled decision making to choose actions that do not hurt others. ( Business Ethics :
A stakeholder and issues management approach )
•Morals - of or relating to principles of right and wrong in behavior (https://www.merriam-
webster.com/dictionary/moral)
•Laws - a binding custom or practice of a community : a rule of conduct or action prescribed
or formally recognized as binding or enforced by a controlling authority (https://www.merriam-
webster.com/dictionary/law )
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Ethics Vs Morality Vs Law
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Compliance or Non
compliance will lead to....