QUARTER 1 -- MODULE 3
Fairness, Accountability,
Transparency
and Stewardship in
Business and Non-Profit
Organization
For Business Ethics and
Social Responsibility
Objectives:
K. Define the meaning of fairness, accountability,
transparency and stewardship
S. Discuss the relationship of fairness, accountability, transparency
and stewardship while ethical businesses.
A. Appreciate the core principles of fairness, accountability
transparency and stewardship and their real life situation
Notion of Accountability,
Fairness and Transparency
Business leadership affects the moral capability and performance of organizations.
Business leaders influence the scope and character of formal ethics programs
and the integration of ethics into everyday organizational life. However, most
practicing business leaders in most countries most of the time are not
held accountable for dysfunctional moral, social, and environmental performance.
The Four Key Dimensions of Integrity Capacity
Process Development
System Judgement
These should present challenges for business leaders so
that they become more aware of moral concerns and
thus respond more efficiently to the problems that arise.
ACCOUNTABILITY
Why is accountability important?
Accountability structures are the most important aspect
of prevention and detection of corruption. A civil society
organization without proper accountability systems is
fragile and open to rumors about mismanagement
and abuse of power.
Accountability: What It Is:
• To be accountable is to explain or justify one's action
and decisions.
• Accountability is the process of explanation and
justification.
• Holding to account is the process of requiring explanation and, but it is also about testing,
forming a judgment, and if necessary, taking action.
• Accountability implies responsibility it is reasonable only to hold people to account
for those things for which they are responsible.
Accountability: What It Is Accountability
Not:
Structures
💠 It is not synonymous with Accountability is the ability to
responsibility. account for your actions and
💠 It does not imply a management performance to your stakeholders.
relationship.
Accountability includes the fact
💠 It is not a "one off" annual event.
💠 It is not the same as appraisal. that persons (your stakeholders)
💠 It is not about confrontation ,"putting are willing and able to hold you
someone in his place" or "giving him a accountable.
hard time".
FAIRNESS
Fairness - in the context of a business of organization involves balance of the interests
involved in all decision-making including any decisions related to hiring, firing
(including the investigatory process), and the compensation and rewards.
◆Overall, fairness has to do with justice, which is to give to another that which is due him/her
Justice: (1)looks at the balance of benefits and burdens
distributed among members of a group,and/or
(2)can result from the application of rules, policies, or
laws that apply to a society or a group. In general,
the just results of actions override utilitarian results.
TRANSPARE
• is the extent N C Yinvestors have ready access to required financial
to which
information about company, such as price levels, market depth and audited
financial reports.
• helps reduce price vitality, because all the market participants can base decisions
of value in the same data.
• is an issue that often emerged in the documents by Pope Benedict XVI .
• Caritas in Veritate (CV) referred to transparency
seven times.
• intrinsic or ethical salience: individual level
• instrumental salience: organizational and social
levels.
The Relationship of Fairness,
Accountability, Transparency, Stewardship
with Ethical Business
Scholars have recently considered ethical
leadership from a new angle by examining servant
leadership. Servant leaders go beyond their own
self- interest and focus on opportunities to help
followers grow and develop. They do not use
power to achieve ends; they emphasize
persuasion. Characteristics behaviors include
listening, emphatizing, persuading, accepting
stewardship, and actively developing followers
potencial.
What is the relationship between
accountability and stewardship?
In the context of a company, it
means holding the directors who
manage the company
responsible for explaining their
actions to the shareholders who
own the company. Stewardship
is when a person is responsible
for taking care of something on
behalf of another.
THANK
YOU!
PREPARED BY GROUP 3:
YLAIZA GAROL
NICA VISCARA
ROSLYN ALAYACYAC
MARIA MARATA
THEA MISAL
