Ethics & Globalization

1. Business Ethics & Social
Responsibility
MGMT 447

2. Ethics & Globalization
• So what does it mean to be a multinational
corporation (MNC)?
• Whose ethical standards do you follow?
• http://abcnews.go.com/Blotter/video/blueberry
-children-10579897

3. Globalization cont…
• Africa
• Ethical Relativism

4. Support of Globalization
• Companies are bringing improvements in wealth
and standards of living to developing nations
• http://www.starbucks.com/r
esponsibility/global-report

5. Downside of Globalization
• Capitalism on a global stage
• Abbott Laboratories -
http://peopleandplanet.org/navid3811
• Swingline
• How do you categorize “parent company”

6. Enforcing Global Ethics
• UN Global Compact
▫ Environment
▫ Anticorruption
▫ Welfare of Workers
▫ Global Human Rights

7. Global Compact cont…
• Commitment to 10 key principles addressing 4
areas of concern
▫ Human Rights
▫ Labor Standards
▫ Environment
▫ Anticorruption

8. OECD Guidelines
• 10 “Chapters”
▫ Concepts & Principles
▫ General Policies
▫ Disclosure
▫ Employment & Industrial Relations
▫ Environment
▫ Combating Bribery
▫ Consumer Interests
▫ Science & Technology
▫ Competition
▫ Taxation