Corporate Governance in Private Organization. In the wake of corporate scandal, widespread unethical behavior, and illegal activity in some of our most respected organizations, corporate governance in both public and private organizations is undergoing possibly the greatest change since the original creation of the Securities and Exchange Commission during the 1930s. The Sarbanes-Oxley Act of 2002 formalized many new white-collar crimes, set stiff penalties for such crimes, and is impacting every element of Board governance from independent membership and financial competency, to employee whistle blowing and the role of auditors.
Until recently, few organizations seriously considered ethics to be a legitimate topic for enterprise planning and strategic thinking. Those at the top of an enterprise regularly spent time developing their organizational and functional strategic plans, their growth strategy, possibly even their brand strategy, but ethics and regulatory compliance was merely an issue for the finance department, legal counsel, and possibly human resources.
The dietary-supplement industry has come a long way from its humble beginnings, and, some say, from its ethical and moral foundation. Industry expert Lindsay Moore, PhD, explores some of the most pressing ethical and least understood legal issues confronting suppliers, marketers and manufacturers.
The New Market State and Corporate Social Responsibility. Modern technology, globalization, the multinational corporation, and large amounts of unengaged, surplus capital1 are heralding a new era that is changing the traditional boundaries between government and business and that underlies the new concern about corporate social responsibility in the world of business.
“The Ethical Crisis in America” – A Status Report (2005). In America, the bursting of the so-called “dot-com bubble,” led to an unfolding ethical crisis that has expanded to become multinational, and now, global in its occurrence.
Corporate branding is moving beyond its concern with consumers alone, to become increasingly concerned with inspiring confidence among investors, creating a positive work environment for employees, and protecting the communities and the environment within which an enterprise operates. This shift to a brand strategy of social responsibility is a brand management strategy for attracting and retaining customers by building corporate reputation through the practice of corporate social responsibility.