Ethical And Socially Resposnible Management

Question 1

What is an audit?

Answer 1

An audit is an independent check of the accuracy of financial records and accounting procedures.

Question 2

What is a corporate code of conduct?

Answer 2

A code of conduct is a set of ethical and socially responsible standards for managers and employees to uphold. They are documented and distributed to internal stakeholders and training is given to employees to ensure they understand the values of the organisation.

Question 3

What is the social report? What is it also called?

Answer 3

Aka social audit, corporate social responsibility report, sustainability report.

A social report outlines what an organisation has done, and is doing, with regard to social issues.