There is a widespread consensus that corporations have social responsibilities that extend beyond mere conformity to the law. Yet how are we to conceive these responsibilities? In an interconnected global business environment, the impacts of business activities are coming under increased social and environmental scrutiny. Business managers now face increasing pressure to balance ethical and environmental responsibilities with their obligations to shareholders. In this course, we will address questions about standards that guide business activities. In particular, we will address the task of reconciling environmental responsibilities with the obligations of business managers to maximize shareholder value. We will ask how the obligations of a corporation to maximize the profits of its shareholders may be reconciled with its environmental responsibilities. We will attempt to answer this question via examination of economic, social, and ethical relations through the perspective of collective action problems.
BCIT ENGL 1177, or 6 credits BCIT Communication at 1100-level or above, or 3 credits of a university/college first-year social science or humanities course.
FINAL EXAMS: All final exams MUST be written at BCIT during the last week of the course on the designated dates and times given at course start.
Upon successful completion of this course, the student will be able to:
Introduce and assess the strengths and weaknesses of major normative theories, such as consequentialism, deontology, distributive justice theory, and virtue ethics.
Describe the main differences between fiduciary obligations and moral obligations.
Identify collective action problems in market failures.
Explain the connection between social responsibility and economic efficiency.
Resolve tensions between economic efficiency and social obligations.
Evaluate alternative, ethically relevant, choices and defend a plausible course of action.
Effective as of Fall 2016
LIBS 7023 is offered as a part of the following programs:
School of Business
Accounting Full-time/Part-time Bachelor of Accounting
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