Ethics: the rules/standards which govern the conduct of a person or group
Transparency: the degree to which affected parties observe relevant transactions/decisions.
Code of Ethics: written statements which guide an organization's decisions
Whistle-blowing: the disclosure of information by a company insider that exposes illegal or unethical behavior by others within the organization
Insider trading: the unpublicized information that an individual gains from the course of his or her job to benefit from fluctuations in the stock market
Sweatshops: "employer who violates more than one federal or state labor law governing minimum wage and overtime, child labor, industrial homework, occupational safety and health, workers' compensation, or industry regulation"
60% of garment manufacturers in New York City could STILL be classified as sweatshops
Workplace Conditions:
(Note: These conditions result when they occur in combination, are taken to an extreme and last time.)
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"…workers were paid less than half of minimum wage, told to lie on their time card about their hours and wages, and were forced to work 100 hours per week, seven days per week"
Contributing Factors:
Philanthropy: the donation of money, time, goods, or services to charitable humanitarian or educational institutions
Strategic CSR: social contributions that are directly aligned with a company’s overall business strategy that are ethical
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Nike is one of the biggest businesses which do not upkeep ethical standards
America tries to fight against injustice and poverty but the companies that they buy from are unethical… hypocriticism
Society automatically assumed working for Nike in foreign lands helped you live like kings, ie grateful for the opportunity
LIFE:
Wages after spending bills & taxes could only afford small items (bottle of tea, 2 rice meals, and dish detergent.)
Energy lowered, 25 pounds lost, fevers
Overtime hours worked just to get by because wages aren’t enough (15 hr a day)
Kids can’t go to school, cycle of poverty decreases
Nike burns rubber scraps of shoes in a village where kids play, gives off toxins and chemicals
Nike promised nothing to hide, yet denied access to factories + consequences
Local mafia worked with factory bosses, hired muscles
THE PEOPLE WANT TO WORK BUT DON’T WANT TO BE EXPLOITED
CEOs and management turn a blind eye
Maximizing profits at the cost of human ideology and nature
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