Chapter 9

Question 1

Compliance Orientation

Answer 1

Control System that creates order by requiring employees to identify with and commit to specific required conduct

Question 2

Values orientation

Answer 2

A control system that strives to develop shared values

Question 3

Codes of conduct

Answer 3

Formal Statments that describe what an organization expects of its employees

Question 4

Code of ethics

Answer 4

Consist of general statements, sometimes altruistic or inspirational, that serve as principles and as the basis for rules of conduct

Question 5

Value Statement

Answer 5

Declaration of an organization’s top priorities that serves the general public and also addresses distinct groups such as stakeholders

Question 6

Ethic officers

Answer 6

High-level executives responsible for manging their organizations’ ethics and legal compliance programs

Question 7

Ethics audit

Answer 7

Systematic evluation of an organization’s ethics program and perforamnce to determine effectiveness

Question 8

Balanced scorecard

Answer 8

Performance management tool that details a company’s perforamnce through financial and nonfinanical perspectives, giving management a comprehensive view of the business

Question 9

Triple bottom line

Answer 9

Perspective that takes into account the social, environmental, and finanical impacts of decisions made within an organization

Question 10

Global reporting initiative(GRI)

Answer 10

A prominent framework that companies have adopted to report their social and sustainability progress

Question 11

ISO 19600

Answer 11

Framework that emphasizes a principles approach to compliance management based upon commitment, implementation, monitoring and measuring, and continual improvement

Question 12

ESG

Answer 12

Framwork for evaluation of firm performance in the areas of environmental, social, and governance