Abstract
This chapter explains what business ethics are and reviews changing expectations in the governance of organizations, including the concept of corporate social responsibility (CSR). It explores CSR strategies, policies, and the CSR competency framework and highlights enlightened shareholder value (ESV), sustainability, and the triple bottom line. It also analyses communication with stakeholders and integrated reporting and promotes awareness of the United Nations Global Reporting Initiative. The chapter cites the UN Global Compact, which is a strategic initiative for businesses that commit to aligning their strategies and operations with ten universally accepted principles in the areas of human rights, labour, the environment, and anti-corruption. It details how the UN Global Compact calls for participating companies to accept core values that were derived from the Universal Declaration of Human Rights, the International Labour Organization's Declaration of Fundamental Principles and Rights at Work, and the UN Convention against Corruption.
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