Corporate

Social
Responsibility
LESSON 2.5
The Morality Of Advertising
- Deceptive Advertisements

Article 108 of the Consumer Act of the Philippines ( Republic Act No. 7394) states that “The State
shall protect the consumer from misleading advertisements and fraudulent sales promotion practices.”
Basic Employee Rights, Job Discrimination,
Other Labor- Related Ethical Issues
- Labor Code of the Philippines (Presidential Decree No. 442) is a decree instituting a labor code
thereby revising and consolidating labor and social laws to afford protection to labor, promote
employment and human resources development, and insure industrial peace based on social justice.

- Republic Act No. 6727 (Wage Rationalization Act) mandates the fixing of the minimum wages
applicable to different industrial sectors

- Book 4 of the Labor Code of the Philippines (Health, Safety, and Social Welfare Benefits)
Insider Trading
Insider trading in the stock market is the buying and selling of shares of stock on the basis of
information known only to the trader (an “insider”, somebody belonging to the company, as opposed
to the public) or to a few persons

It is reward without risk, wealth generated – and injury done to others – by an unfair advantage in
information.
Pollution and Resource Depletion
Business organizations should take seriously the task of caring for the earth, by regularly embarking on
projects seeking to diminish or eradicate pollution, and to renew the natural resources they tend to use
up or delete
Whistle Blowing
It is the act , for an employee (or former employee), of disclosing what he believes to be unethical or
illegal behavior to higher management or to an external authority or the public.

Duty and Rights Theories: Does anyone have the duty to blow the whistle? If so, whose rights are
being trampled on? There is a tendency to judge on the motivation of the whistle blower.
“It’s one small step for man, one
giant leap for mankind.”

- NEIL ARMSTRONG