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Reasons to develop a Code of Ethics or engage in Corporate Social Responsibility may include which of the following. To ensure efficiency and cost reduction
Reasons to develop a Code of Ethics or engage in Corporate Social Responsibility may include which of the following. To ensure efficiency and cost reduction Such initiatives can reduce public and government concerns about business practices and operations, which in turn will ease new business investment and growth To keep employees out of jail To minimize income taxes Employee motivation and job satisfaction can be enhanced, which helps keep or attract preferred employees, managers and executives Such actions ensure all departments are fully engaged and not talking behind each other's backs Some sources of capital or loans prefer to do business with companies that exhibit responsible business behaviour Such actions can help prevent the development of detrimental regulations and laws Ethical consumerism To reduce staffing levels to a point of maximum efficiency, and thus enable success over other more cost intensive competitors
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