CIPS Socially Responsible Warehousing and Distribution L3M6 Question # 13 Topic 2 Discussion
L3M6 Exam Topic 2 Question 13 Discussion:
Question #: 13
Topic #: 2
Directors are only expected to generate profits. They are not expected to promote ethics, fairness, transparency, and accountability in all their dealings, both internally and externally.
Directors of organizations are not solely tasked with generating profits. According to the principles of Corporate Social Responsibility (CSR) and corporate governance outlined in the CIPS L3M6 framework, directors have a broader responsibility that includes promoting ethics, fairness, transparency, and accountability. These elements are integral to sustainable business practices and are expected in dealings with internal stakeholders (e.g., employees) and external stakeholders (e.g., suppliers, communities). The focus on profit alone neglects the social and environmental dimensions of sustainability, which are critical for long-term organizational success and reputation. This aligns with the modern view of corporate governance, where directors must balance economic objectives with ethical and sustainable practices.
[Reference: CIPS L3M6 Study Guide, Section on Corporate Governance and CSR Principles., ________________________________________]
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