Teacher: JETHRO G.
OREJEULA Subject: Business Ethics and Social Responsibility
Week: 2 Module: 2
CORE PRINCIPLES OF FAIRNESS,
ACCOUNTABILITY AND TRANSPARENCY
Intended Learning Outcomes:
Define fairness, accountability, transparency and stewardship in business
Notions of Accountability, Fairness, and Transparency:
ACCOUNTABILITY Is the ability to account for your actions and performance to your
stakeholders.
Accountability. – What it is: Accountability. – What is not:
To be liable to explain or justify one’s Not synonymous with responsibility
action and decisions. Not imply management relationship
Process of explanation and justification Not a “one off” annual event
Testing, forming a judgment and taking Not the same as appraisal
action Not about confrontation
Implies responsibility
It is the quality of making judgments that are free from discrimination.
Fairness comes from the old English faeger meaning “pleasing attractive”. In the
context of business organization, it involves balancing the interest involved in all-
decision making including any decisions related to hiring, firing, and the
compensation and reward system. Has to do with justice, which is to give to
another which is due to him or her.
TRANSPARENCY Is essential in building families, and through families, in strengthening civil
society as a whole. It has important mechanism for guaranteeing social
FAIRNESS
accountability. Allows stakeholders to understand whether the activities of social
institutions such as international organizations and NGOs provide a genuine
service to civil society and whether money is used appropriately.
Notions for Competence, Professionalism and Responsibility
Technical Skills encompass the ability to apply specialized knowledge or expertise.
Human Skills is the ability to understand, communicate with, motivate, and support other
people, both individually and in groups, which defines human skills.
Conceptual Skills are the skills and mental ability that managers must have to analyze and
diagnose complex situation.
MR. JETHRO G. OREJUELA | 09519671742 | jethroorejuela101@[Link]
KING THOMAS LEARNING ACADEMY | SENIOR HIGH SCHOOL DEPARTMENT
THE RELATIONSHIP OF ACCOUNTABILITY/STEWARDSHIP/RESPONSIBILITY
WITH ETHICAL BUSINESSES
Servant Leaders – Go beyond their own self-interest and focus on opportunities to help
followers grow and develop.
Servant Leadership – Focuses on serving the needs of others, research has focused
on its outcomes for the well-being of followers.
The Notion of Organizational Diversity and the Role of Women in
Business Organizations
Name: ______________________________________ Strand/Section: ____________
Teacher: JETHRO G. OREJEULA Subject: Business Ethics & Social Responsibility
Week: 2 Type of Assessment: Formative Assessment Deadline: March 05, 2020
Instruction: Identify what principle (Accountability, Fairness, Transparency, or
Stewardship) is being applied in the following situations.
_______________1) Ms. Reyes keeps her class record organized and updated
because she is very objective in giving grades.
_______________2) The XXX Company holds monthly board meeting to ensure that
every member is well-informed about the current business
situations.
_______________3) Company X hires external auditor to assess and evaluate their
financial statements. If the auditor finds out any discrepancy, the
company will make sure that the accountants and other financial
executives as part of their responsibilities in the company will
make the necessary adjustments
_______________4) Mr. Ramos the manager of the Treasury Department, reported
the savings of the company in all partner banks accurately.
_______________5) The security guard of the building always makes rounds every 2
hours during his night shift to make sure that the company’s
assets are secured.
MR. JETHRO G. OREJUELA | 0951967174 | jethroorejuela101@[Link]
KING THOMAS LEARNING ACADEMY | SENIOR HIGH SCHOOL DEPARTMENT
Name: ______________________________________ Strand/Section: ____________
Teacher: JETHRO G. OREJEULA Subject: Business Ethics & Social Responsibility
Week: 2 Type of Assessment: Summative Assessment Deadline: March 12, 2020
Define fairness, accountability, transparency and stewardship in business
Instruction: Read the case study/article below and answer the following
question. Write your answer on a separate sheet of paper.
People’s Recovery, Empowerment and Development (PREDA)
Foundation ($5,000) to support 50 scholars. All passed their grade level this school
year. The program provides adequate, holistic recovery/rehabilitation. It offers “skills for
life” training for kids to cope with life’s challenges better. It also has psychological
services and counseling available to the beneficiaries.
Based in Olongapo City, PREDA was founded in 1974 by Irish missionary priest Fr.
Shay Cullen, who has worked to protect women and children. It has provided home and
protection for sexually abused and commercially exploited children. The PREDA service
reaches all areas of Luzon and provides residential care and therapeutic intervention in
a healthy environment with experienced and trained staff. Legal services are also given
to the children. Last February, PREDA rescued 13 young girls from the sex bars in
Olongapo City and four boys and girls from illegal detention in jail.
1. What is meant by fairness?
2. How can trade and commerce be fair?
3. To what extent is the lesson about fairness related to PREDA’S work of
promoting fair trade?
4. In what ways is PREDA fairness?
MR. JETHRO G. OREJUELA | 0951967174 | jethroorejuela101@[Link]
KING THOMAS LEARNING ACADEMY | SENIOR HIGH SCHOOL DEPARTMENT
