Reference no: EM132095773
Discussion Brief and Guidance
Ethics and responsibility do not automatically happen in corporate culture. A corporation must often take deliberate steps to ensure that they develop in an ethical and responsible way.
Choose one of the topics below to research and discuss your ideas:
Corporate Social Responsibility Policies - What is corporate social responsibility? Explain how having a corporate social responsibility policy could help a new company and describe at least one social responsibility policy that a new company may want to implement. You can use this article to help you get started but be sure to do additional research on the topic -https://www.npr.org/sections/13.7/2016/08/24/490811156/corporate-ethics-in-the-era-of-millennials
Executive Compensation - Corporations have been criticized for the amount of money paid to their top executives and how this compares to the wages paid to their employees. Do you think that corporate executives should receive extremely large compensation packages? Do you think large executive compensation packages affect employee morale? What do you think a new company should do about its executive compensation as they grow and hire employees? You can use these articles to help you get started but be sure to do additional research on the topic -https://fortune.com/2017/04/19/executive-compensation-ceo-pay/; https://hbr.org/2016/02/stop-paying-executives-for-performance
Corporate Culture/Scandals - The culture of some corporations has encouraged unethical behavior. Corporate culture has been blamed for exacerbating the Enron scandal, the housing crisis, and Wells Fargo banking situation, to name a few. How can corporate culture affect employees, customers, and profits? Research at least one scandal that can be tied to an unhealthy corporate culture. What steps could a new company take to develop a healthy corporate culture as it grows? You can use these articles to help you get started but be sure to do additional research on the topic - https://www.npr.org/2016/10/04/496508361/former-wells-fargo-employees-describe-toxic-sales-culture-even-at-hq
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