CSR Flashcards
(13 cards)
Corporate governance
King reports, triple bottom line, principles of good governance, duties & responsibility of directors
King reports (corporate governance)
Guidelines & principles for GOOD GOVERNANCE in South Africa. King code iv focuses on good corporate governance, ethical leadership & sustainability.
Triple bottom line (corporate governance)
People planet profit
Principle of good governance (corporate governance)
Transparency, independence, accountability, responsible management, discipline, social issues, fairness in regard to stake holders
Duties and responsibility of directors (corporate governance)
Act in best interest of company, ensure legal compliance, promote ethical behaviour, consider social/environmental impacts
Importance of creating ethical business culture
Builds trust, promotes integrity, reduces legal risk, enhances company reputation
Relations between management ethics and social responsibility
Decisions should be guided by ethics and a sense of social responsibility to benefit both the business and community
FTSE/JSE INTENT
Promote sustainable & responsible investing by encouraging companies to adopt good ESG principles (environmental, social and governance)
FTSE/JSE PURPOSE
Provide investors with a benchmark to identifying fr commitment to sustainability & ethics
FTSE/JSE BENEFITS
Improves corporate behaviour, better risk management, attracting responsible investors, enhanced reputation
Global reporting index (GRI) INTENT
Provide standardized framework for companies to report their sustainability and social impact
Global reporting index PURPOSE
Enhance transparency, accountability on environmental, social and governance issues
Global reporting index BENEFITS
Improve stakeholder trust, better decision making & increased focus on sustainable development
