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This activity is important because managers should be aware of the moral and ethical messages that a company sends. purposely or not. Corporate social responsibility focuses on the importance of profitablity so that organizations can fulfill their responsibilities to employees and other shareholders. The goal of this activity is for you to learn about recent announcements by top companies that pledge to serve their stakeholders more than in the past, in ways such as more training for employees. Read the case and answer the questions that follow. The Business Roundtable is a nonprofit organization composed of CEOs of top US. companies with the stated purpose of "working to promote a thriving U.S. economy and expanded opportunity for all Americans through sound public policy. On August 19, 2019, 181 members signed a pledge of commitment to their stakeholders by broadening the definition of a corporation, including four principles: 1. Deliver value to customers. 2. Invest in employees. 3. Deal foitly and ethically with suppliers. 4. Support communities. The statement specifically noted how emplayees should be treated, including valuing: fair compensotion and benefits: troining and educotion; diversity and inclusion; dignity and respect. What do these include? Some examples may be better family leave, occess to retirement plans, and increased participation. The pledge has been criticized by some who claim it was done to give companies positive attention without accountability. Others have pointed out the actions of Roundtable members since the pledge was signed. The most cited are by Jeff Bezos, CEO of Amazon and owner of Whole Foods. Whole Foods employees who worked 2030 hours a week lost access to their company health plan and benefits on January 1,2020, just six month after the pledge was signed. An issue with corporate pledges such as these is that the CEO often signs without geting approval from the company's Board of Directors. In a survey regarding signing the stakeholder pledge, 47 of 48 CEOs who responded stated that they did not get approval prior to signing. according to The Wall Street Joumal. The group has some instances of disagreement about whether CEOs should speok for their companies in signing this type of pledge. In March 2021, members of the Business Roundtable signed a pledge to oppose any "discrminatory legialation" that limits voting rights. Some signed as individuals, separating their companies from what they called political issues, occording to the New York Times. Broad statements by CEOs carry weight in communicating values to stakeholders, including employees, shateholders, customers, and suppliers. When they speak, it is assumed to be on behalf of the compony unless otherwise stated. A positive reason that corporations may sign pledges like the one in this case is to express Multiple Choice moral intent. utilitarianism. moral identity. cognitive moral development. virtue ethics: Companies supporting voting rights may do so to express commitment to what is right, just, and fair for all citizens, illustrating the Multaple Choice ethicai component of corporate sociai responsibility. legal component of corporate social responsibility need for trust in authorities. citizenship component of corporate social responsibity. moral development of authorites. If o company's enecutives decide thot the only ecticas it would approve regeding changes in hes hin inurance det those that befelit the most enpleyees they are decding based on Murole Cricice seinafarem egoteni witue enst. mora isarvry pancipied iseali Mistele Chace trofingerp moraty, erocper cominunty shis encisers The Business Roundtable members have olso spoken in favor of environmental responsiblity, fustroting whot aspect of corporate sociai responsibility? Muitipie Choice clitisensh ethicol econorise legal interitipnal This activity is important because managers should be aware of the moral and ethical messages that a company sends. purposely or not. Corporate social responsibility focuses on the importance of profitablity so that organizations can fulfill their responsibilities to employees and other shareholders. The goal of this activity is for you to learn about recent announcements by top companies that pledge to serve their stakeholders more than in the past, in ways such as more training for employees. Read the case and answer the questions that follow. The Business Roundtable is a nonprofit organization composed of CEOs of top US. companies with the stated purpose of "working to promote a thriving U.S. economy and expanded opportunity for all Americans through sound public policy. On August 19, 2019, 181 members signed a pledge of commitment to their stakeholders by broadening the definition of a corporation, including four principles: 1. Deliver value to customers. 2. Invest in employees. 3. Deal foitly and ethically with suppliers. 4. Support communities. The statement specifically noted how emplayees should be treated, including valuing: fair compensotion and benefits: troining and educotion; diversity and inclusion; dignity and respect. What do these include? Some examples may be better family leave, occess to retirement plans, and increased participation. The pledge has been criticized by some who claim it was done to give companies positive attention without accountability. Others have pointed out the actions of Roundtable members since the pledge was signed. The most cited are by Jeff Bezos, CEO of Amazon and owner of Whole Foods. Whole Foods employees who worked 2030 hours a week lost access to their company health plan and benefits on January 1,2020, just six month after the pledge was signed. An issue with corporate pledges such as these is that the CEO often signs without geting approval from the company's Board of Directors. In a survey regarding signing the stakeholder pledge, 47 of 48 CEOs who responded stated that they did not get approval prior to signing. according to The Wall Street Joumal. The group has some instances of disagreement about whether CEOs should speok for their companies in signing this type of pledge. In March 2021, members of the Business Roundtable signed a pledge to oppose any "discrminatory legialation" that limits voting rights. Some signed as individuals, separating their companies from what they called political issues, occording to the New York Times. Broad statements by CEOs carry weight in communicating values to stakeholders, including employees, shateholders, customers, and suppliers. When they speak, it is assumed to be on behalf of the compony unless otherwise stated. A positive reason that corporations may sign pledges like the one in this case is to express Multiple Choice moral intent. utilitarianism. moral identity. cognitive moral development. virtue ethics: Companies supporting voting rights may do so to express commitment to what is right, just, and fair for all citizens, illustrating the Multaple Choice ethicai component of corporate sociai responsibility. legal component of corporate social responsibility need for trust in authorities. citizenship component of corporate social responsibity. moral development of authorites. If o company's enecutives decide thot the only ecticas it would approve regeding changes in hes hin inurance det those that befelit the most enpleyees they are decding based on Murole Cricice seinafarem egoteni witue enst. mora isarvry pancipied iseali Mistele Chace trofingerp moraty, erocper cominunty shis encisers The Business Roundtable members have olso spoken in favor of environmental responsiblity, fustroting whot aspect of corporate sociai responsibility? Muitipie Choice clitisensh ethicol econorise legal interitipnal