There was a merger between Citroen SA and Peugeot SA in the year 1976 and the company ‘PSA Peugeot Citroen’ was established (PSA Peugeot Citroen, n.d.).
The company’s major stakeholders are Renault, Fiat, Tofas, BMW,…
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All groups of stakeholders have certain interest in the company. The equity shareholders derive greater interest from the company’s return on investment.
The company’s CSR Group presents its shareholders with comprehensive and transparent information and precisely the records and events of its activities that are related to its accounts. The company along with the CSR Group maintain loyalty and transparency towards their customers and suppliers in order to develop and preserve long term confident relationships.
PSA Peugeot Citroen has signed an international agreement on social responsibility. They have committed to respect fundamental human rights, sharing social needs with industrial partners, sales network team, sub-contractors and suppliers and impact of company’s activities upon the local boundaries (PSA Peugeot Citroen, n.d.).
PSA Peugeot Citroen is guided by certain set of values that are griped by its employees, executives and reaffirmed in the group’s objectives to promote conscientious progression. These aspirations are associated with the collective commitments towards the key stakeholders, consumers, partners, community and employees (PSA Peugeot Citroen, 2010).
The laws abided by the company include conformity with laws and regulations, non-admittance of inner information and genuineness of accounting statistics, information and indicator (PSA Peugeot Citroen, 2010).
The aspects include respect for essential human civil rights, conformity with place of work related to health and safety rules, Admiration for the surroundings & prevention of prejudice, Nuisance and impolite behaviour, Reverence for private life (PSA Peugeot Citroen, 2010).
The factors considered under this aspect are the transparent affairs with consumers, vendors and competitors, restrictions on aids and provocations, utilization and security of
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As a result, Enron did not benefit from such kind of a corporate unethical behavior; its shareholders and employees suffered great financial losses, because they invested their pensions in Enron shares. Andersen accountants’ responsibilities Employees’ responsibilities are very important for any organization.
A television journalist gathers and analyzes information about interesting events by consultation, observation, interview or investigation and writes stories for the news aired on television and public affairs programs (“Television Journalist Australia, 2011).
Business firms are being called upon to take accountability for the manner of carrying out their business which can have effect on societies and the natural environment. According to D’Amato, Henderson and Florence (2009), companies are also being forced to enforce sustainability principles to their process of business operations, where sustainability stands for a firm’s activities, normally considered voluntary that explains the involvement of social and environmental concerns in business operations and in relations with stakeholders.
It is sometimes also called an international corporation. MNCs play a major role in the rapid globalization of the world today. The first of their kind was British East India Company, which came about in 1600. The second one followed two years later called the Dutch East India Company.
But it has more than a stabilizing function for society--it also embodies values. Socially responsible behavior is the root of all contracts. It is also fundamental to environmental and human rights laws. The socially responsible behavior reflects our social mores.
This paper discusses the various ethical responsibilities that individual consumers hold regarding the manner in which their limited incomes are distributed in terms of its impact on those who produce it, the environment or other ethical concerns.
According to Irving (2005, pg.
But from clues in the oldest rocks, deepest magmas, and even the cratered face of the moon, scientists have traced the planet's beginnings. As those early days have come into focus, so have the rare scenes, found today in some of Earth's harshest places, that recall its ancient self.
Corporate intranets, an extension of the Internet concept within an organisation, have also become means of keeping all employees up-to-date with company-specific information and, in some cases, enable them to use it for managing HR-related operations.
However, this is not without its negatives.
245). The first of these impacts is empowerment of the community as they become independent and have ways to earn livelihood or even get the basic amenities they lacked easily. This empowerment will free
In this regard, businesses also operate as social institutions that are responsible to internal and external stakeholders. Due to the societal expectations, CSR is necessary in terms of ensuring that organisations embrace sustainable development.
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