From the Preface. Business and its relationship to society has experienced many dramatic changes in
... the twenty-first century. Social responsibility has become much more important to companies due to the major economic challenges that faced companies in the early part of the century as well as the more recent global recession that is taking many years for recovery. During this time, many stakeholders lost trust in business, and throughout the world regulatory agencies tightened their grip on business decision-making to attempt to legislate responsible conduct. Many activities considered socially responsible yet voluntary are now considered best practices. The institutionalization of social responsibility and business ethics is being felt and reflected on by businesses and public policy decision makers. The Sarbanes-Oxley Act of 2002 and the administrative rulings of the Securities and Exchange Commission have reformed corporate governance, internal controls, financial reporting, executive compensation, business ethics, and organizations' relations to stakeholders. In 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act revamped many aspects of financial compliance due to a loss of trust in our banking system. The Consumer Financial Protection Bureau was established to protect consumers in areas such as loans, credit cards, and financial transparency. In this text, we demonstrate and help the instructor prove that social responsibility is a theoretically grounded yet highly actionable and practical field of interest. The relationship between business and society is inherently controversial and complex, yet the intersection of its components, such as corporate governance, workplace ethics, community needs, and technology, is experienced in every organization. For this reason, we developed this text to effectively assist decision-making and inspire the application of social responsibility principles to a variety of situations and organizations. Because of this transformation of corporate responsibility, the fifth edition of Business and Society: A Strategic Approach to Social Responsibility is designed to fully reflect these changes. We have been diligent in this revision about discussing the most current knowledge and describing best practices related to social responsibility. The innovative text, cutting-edge cases, and comprehensive teaching and learning package for Business and Society ensure that business students understand and appreciate concerns about philanthropy, employee well-being, corporate governance, consumer protectuon, social issues, and sustainability (page xvii). Read More
Add to basket
Permalink
Disable Highlighting
Book
(2016.)