Tag Archives: commercial

Commercial And Business Ethics

primbondh/ April 30, 2022/ business ethics

The types of real-world problems studied include business decisions’ effect on climate change, on depletion of natural resources, on employee welfare, and on the welfare of local and wider communities. This involves balancing the interests of shareholders against those of other stakeholders and balancing short term against long term interests. The module critically evaluates corporate social responsibility strategies and concepts of the firm as an organisation of stakeholders. The importance of transparency, the role of whistleblowers, and the nature of bribery are also discussed. The concepts of ethical behavior and corporate social responsibility have come to the fore in recent years in both developed and developing countries as a result of growing sense of corporate wrongdoing. The idea that business enterprises have some responsibilities to society beyond that of making profits for shareholders has been around for centuries.

This, in turn, reduces profit which might not be an issue for … Read More

Commercial And Business Ethics

primbondh/ February 16, 2022/ business ethics

Employees are also provided with refresher courses to ensure their knowledge is kept up to date. In addition, our values are formally part of our performance management system and end of year appraisal. We know this is critical for our success because it builds trust and transparency between QinetiQ and our key stakeholders. We encourage everyone involved with Petrofac, to Speak Up if they have concerns about unethical behaviour or activity.

We have policies in place to ensure the quality of investigations, which are reviewed at least annually. The confidential reporting system is available to all employees of QinetiQ Group and externally to stakeholders and third parties , either via the website or phone number. Cases are managed via an externally run confidential reporting system, and there is an option to remain anonymous when reporting. A response is sent to the reporter in all instances, and the system will allow … Read More