A Proposal for the Standardization of Corporate Responsibility Uploaded.Doc

A Proposal for the Standardization of Corporate Responsibility

In Response to the Presidential Commission from the desk of the

President - Barak Obama

CR 503 – Business and Society

I. Presidential Commission

President Obama, heading a special commission, has requested a draft for a National Code of Corporate Responsibility. Once completed, the Code will be widely disseminated as a national blueprint for proper business conduct. It is, therefore, imperative that the new code contain the necessary business, social and ethical policies that will lift the American corporate community out of its disreputable position and accelerate its return to global superiority -- as both economically productive and socially/morally unassailable. 

There are two aspects to the Corporate Responsibility Code which the President wants addressed. First, what conduct or practice rules, principles or policies should be in place for corporations, and how they function as business entities, interacting with other institutions and with individual members of the public?  Secondly, what conduct or practice rules, principles or policies should be in place for individual business managers, and how they function and relate to their subordinates, their stockholders, and members of the public?

Your assignment is to draft the two parts of this Code. Congress will only approve the new Corporate Responsibility Code that is proposed if it addresses key issues for both corporate conduct and individual  manager conduct, and if each rule, principle or policy listed is well-supported by research findings.

II. Response

According to the commission from President Obama, concerning the need and long term value of the standardization of principles and policies to support the ethical, financial and responsible actions of all corporations, small businesses and organizations that impact their stakeholders through economic gain, I propose the following pillars of corporate...