BAC04- FINAL EXAMINATION

Explain why investor are concerned with business ethics and social responsibility.
The reason why the investor concerned in business ethics and social responsibility
because in business this two concept has an importance roles on how to runs the business. ass on
a daily basis, the inability to demonstrate social responsibility or unethical behavior can damage
a firms reputations at it’s make it less appealing through a relevant investor. The good
reputations of the firm’s or business can encourage the investor to determine whether the
company was a worthwhile for the investment or not. And also they are concerned, because they
want an assurance that their investment are in good hands and the business must retain its
positive image to persuade more potential investors for the business growth. The business that is
socially responsible and has ethically operations keeps on growing and increasing the numbers of
investors that has a huge benefits in helping the business to generates and gaining more profits. If
the company satisfied their investor due to a specific strategic planning about business ethics and
social responsibilities, the investor will stay in the business and keep on investing more shares
for the company. And lastly, if the company is consistent in demonstrating ethical behavior and
social responsibility it can generates better result for the firms and can attract more stakeholders
and investor.
Explain the role of ethics and social responsibility in the global economy.
The role of ethics in global economy was to build an adequate institutional framework for
the global economy. The law without the morality cannot be legally implemented without moral
or ethical consciousness. The role of ethics was the ethical framework that supporting our global
economy to generates more cultural global values and ethical standards that is benefited in the
success of the global market economy and also in our institutional framework. And also it can
articulates the set of core values as the basis for the global policies and decision making. While
the role of social responsibility in the global economy was to approach a sustainable
development through delivering social, economics and environmental benefits for the company
profits and focusing on benefiting greater community of global economy. Through social
responsibility also helping to secure our economic development, and also it’s helps to ensures
that the integrity of our society and environment in global economy was protected. The ethics
and social responsibility are accountable for individuals to fulfill their civic duties, that will be
benefited for the whole societies. The role of this two was to balanced the economic growth and
the welfare of the society in global economy.

Give an example and discussed (1) issue in corporate governance in the Philippines.
One of the example issues in corporate governance in Philippines was the
“Accountability Issues”. This is one of the issues in the corporate governance of the Philippines
and it was rooted on ethics, accounting, management, internal control and external auditing and
reporting. All of the level in the corporation must or needed to be accountable to the shareholder
and through the public also. If the business does not have accountability, the corporation might
be endangered to success. Without accountability it might cause a loses of desire for the
stockholder to continue their investment in firm’s or business. It is the issues that have huge
effect in the traded of the company’s performance, social responsibility and sustainability. In the
corporate governance of Philippine has “Accountability Issues”, that has a negative effect and
with a lack of it the businesses cannot maintain their responsible action on the society and
environment. And this is important concept for the investor and stakeholder that is concerned in
the ethical investing in business.
In our country, which is the Philippines, due to the absence of effective institutions, hard
to control the problem of corruption and abuse of power that resulting a one major deficit which
is the lack or weaknesses in accountability. This issues has been became one of the issues that
found in any corporate governance in Philippines, it was a common issues that they facing even
before.