Mid Term

Front 1

Pluralism

Back 1

Diffusion of power among society

Front 2

Affluence

Back 2

Refers to the level of wealth, disposable income and standard of living

Front 3

Social problem

Back 3

Gap between society's expectations of social conditions and the current social realities

Front 4

Macro level

Back 4

Entire corporation system

Front 5

Intermediate level

Back 5

Groups of corporations acting in concert in an effort to produce a desired effect

Front 6

Iron law of responsibility

Back 6

In the long run, those who do not use power in a manner which society considers responsible will lose it

Front 7

Social contract

Back 7

Reciprocal understanding between business and society

Front 8

Managerial approach

Back 8

Business ethics, sustainability and stakeholder management

Front 9

Philanthropy

Back 9

Charity

Front 10

Sustainable development

Back 10

A pattern of resource use that aims to meet human needs while preserving the environment

Front 11

Triple bottom line

Back 11

Economic social and environmental

Front 12

Stake

Back 12

Interest

Front 13

Stakeholder

Back 13

An individual or group that has has a stake in business

Front 14

Power

Back 14

Ability or capacity to produce an effect

Front 15

Strategic approach

Back 15

Stakeholders primarily as factors to be taken into consideration while making a profit for shareholders

Front 16

Multifiduciary approach

Back 16

Stakeholders are more than just individuals who can wield economic and legal power

Front 17

Stakeholders synthesis approach

Back 17

Preferred because it holds business does have moral responsibility to stakeholders

Front 18

Supports stakeholders

Back 18

High potential for cooperation and low threat

Front 19

Marginal stakeholders

Back 19

Low cooperation and threat

Front 20

4 parts to CSR

Back 20

Economic legal ethical and philanthropic

Front 21

Non supportive stakeholders

Back 21

Low cooperation and high threat

Front 22

Mixed blessing stakeholders

Back 22

High cooperation and threat

Front 23

Stakeholder symbiosis

Back 23

Recognizes that all stakeholders depend on each other for their success

Front 24

Corporate governance

Back 24

Refers to the method the firm is being governed, directed, administered, or controlled

Front 25

Clawback provision

Back 25

Allows shareholders to regain compensation from executives who fell short

Front 26

Backdating

Back 26

Occurs when the recipient is given the option of buying stock at yesterday's price

Front 27

Spring loading

Back 27

Granting stock at today's price with inside knowledge something good is going to happen

Front 28

Bullet dodging

Back 28

Delaying stock until right after bad news

Front 29

Poison pills

Back 29

Discourage hostile takeover

Front 30

Golden parachute

Back 30

Is a contract in which a business agrees to make payments to key officers in the event of a change in the control of the business

Front 31

Economic

Back 31

Required

Front 32

Material information

Back 32

Information that a reasonable investor might want to use

Front 33

Regulation fair disclosure

Back 33

Set limits on the common company practice of selective disclosure

Front 34

Sarbanes oxley act aka SOX

Back 34

Amends the securities laws to provide better protection to investors in public companies by improving the financial reporting

Front 35

Business Judgment

Back 35

Courts should not challenge board members who act in good faith

Front 36

Ponzi scheme

Back 36

Lures investors in with fake promises

Front 37

Enterprise level

Back 37

Asks the question what is the role of the organization in society

Front 38

Corporate level

Back 38

What business should we be

Front 39

Functional level

Back 39

How should a firm integrate its subfunctional activities

Front 40

Sustainability report aka integrated report

Back 40

Value creation

Front 41

Issue

Back 41

Gap between firms action and stakeholders expectations

Front 42

Legal

Back 42

Required

Front 43

Risk management

Back 43

Potential issues

Front 44

Issue management

Back 44

Deals with issue that occur

Front 45

Crisis management

Back 45

Deals with issues that escalated

Front 46

Steps in issue management

Back 46

Identification, analysis, ranking, formulation, implementation, evaluation

Front 47

Stages of crisis

Back 47

Prodromal warning stage, acute point of no return, chronic, resolution

Front 48

Descriptive ethics

Back 48

Concerned with describing the morality of people and business

Front 49

Elements of moral judgment

Back 49

Moral imagination, moral ID, evaluation, tolerance of moral disagreement, integration of managerial and moral competence and a sense of moral obligation

Front 50

Golden rule

Back 50

Do unto others as you would have them do unto you

Front 51

Biometric

Back 51

Eye scan finger prints etc

Front 52

Ethical

Back 52

Expected

Front 53

Philanthropic

Back 53

Desired/expected

Front 54

Social intrapreneurship

Back 54

Companies that did not have a specific social agenda at first but later on did

Front 55

Arguments against CSR

Back 55

Classical economics, business not equipped, dilutes business purpose, too much power already, global competition

Front 56

Ethical test

Back 56

Front 57

Stages of corporate citizenship

Back 57

Credibility capacity coherence commitment.