Source Review Ethical Practice

In his article, ‘Putting ethical practice in corporate responsibility’, Seong (2010) points out the role of businesses in society and indicates the need of corporate responsibility in relation to ethical practice with a subsequent impact on profitability, while arguing that digitalization helps to increase the public awareness by quickly spreading information about all kinds of misconduct. The article is relevant to the report question on corporate governance. Seong (2010) figures out the need to examine the foundation of corporate responsibility in relation to ethical practices. However, the report question has its main focus on the comprehensive process of corporate governance, hence the source is only limited useful because with one principle of ASX named ‘Promote ethical and responsible decision-making’, its scope is limited. Moreover, the source could only be used as background information because of its lack of referencing.

The article is relevant to the assessment task, which examines corporate governance and its importance for companies, because it elaborates on the impact of corporate responsibility. The author (2010) points out, that companies should be interested in investing in corporate responsibility, since it will likely result in higher profitability. To show evidence, Seong (2010) uses examples of firms where doing business and conducting in an ethical way successfully go hand in hand. The authors (2010) main focus is on the benefits of corporate responsibility while giving the challenges just a small part.

In addition, the author (2010) bases his article in an objective view, shows wide evidence to develop his ideas as well as to support his arguments and uses an adequate structure which is in most part in an academic language style. Seong (2010) does not state his own opinion but instead, he (2010, p.34) stipulates examples of companies like Modine Manufacturing, who successfully managed their challenges. Besides that, the author (2010,...