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SECTION C. CORPORATE SOCIAL RESPONSIBILITY, BUSINESS ETHICS AND CORPORATE GOVERNANCE Section contents (a) Nature of Social Responsibility b) Dynamics of Social Responsibility c) Arguments for Social Responsibility d) Arguments against Social Responsibility e) Business Ethics f) Ethical issues in Business g) Why some managers behave unethically h) Causes of Unethical Behaviours i) Guidelines for Ethical Competence j) Ethical Practices Peculiar to Accounting Profession k) Possible Sanctions for Breach of Ethical Compliance in Accounting Profession l) Corporate Governance m) Benefits of Corporate Governance n) Prerequisites of Effective Corporate Governance in Nigeria o)
Weaknesses/Problems of Corporate Governance in Nigeria p) Codes of Best Practices on Corporate Governance in Nigeria q) Compliance Requirements
of Corporate Governance Learning objectives After studying this section,
the readers should be able to • Explain the nature of
social responsibility • Explain the dynamics of social responsibility
• Identify the reasons for and against corporate social responsibility
• Explain business ethics
• Explain ethical issues in business and why some managers behave unethically
• Explain the guidelines
for ethical compliance • Explain the ethical practices peculiar to accounting profession
• State possible sanctions for breach of ethical compliance in accounting profession
•
Explain corporate governance • State the benefits of corporate governance
• Explain the prerequisite of effective corporate
governance in Nigeria • Explain the problems of corporate governance in Nigeria
• Explain the codes of best practices incorporate governance in Nigeria, compliance effects and sanctions.
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