Research Project Research Media Presentation about social responsibility and business ethics

1. Business Ethics &Social Responsibility How can those concepts help us in our business?

2. Current problems we are facing: Waste of valuable resources Child labor Discarding of new unworn garments 2 Business Ethics & Social Responsibility

3. Consequences we are facing Angry media Angry customers Angry investors Public humiliation Drop in sales by 12% 3 Business Ethics & Social Responsibility

4. Is this right? Child labor? Wasting valuable resources? Discarding new unsold clothing? What does this have to do with? Ethics & Social Responsibility NO! 4 Business Ethics & Social Responsibility

5. What are Ethics and Social Responsibility? Ethics: To do what is right Corporate Social Responsibility: Doing the right thing in business by making decisions that are right for the environment, consumers, employees, communities, stakeholders and all other members of the public sphere (profits are only one set of rule that govern business1) 5 Business Ethics & Social Responsibility 1Beatty, J. F., & Samuelson, S. S. (2007). Essentials of business law. Mason, OH: Cengage Advantage Books.

6. Why should we bother? Doing the right thing is the right thing to do! Child labor is wrong! Wasting valuable resources is wrong! Discarding new garments is wrong! (think about it!) 6 Business Ethics & Social Responsibility

7. How can we do that? Business Ethics & Social Responsibility 7 Immediately inspect all our production sites and stop child labor Monitor water use and set goals to limit water usage at our production sites Stop discarding new clothing and give it to charities (homeless, Haiti earthquake survivors, etc.)

8. Is that enough? NO! We need a new vision & mission We need an ethics program We will adhere by the ethics program Everyone in our company will participate We will be transparent and accountable 8 Business Ethics & Social Responsibility

9. What is the benefit? Paying respect to the environment Paying respect to labor laws Paying respect to our employees, customers, investors, & community = Feeling good & respected as a company + competitive advantage in the long run. 9 Business Ethics & Social Responsibility

10. Conclusion We acknowledge our wrongdoing We take responsibility We will immediately make changes to address unethical behaviors We will set up an ethics program These actions will make us feel good and help regain confidence & respect among our stakeholders. 10 Business Ethics & Social Responsibility

11. Business Ethics & Social Responsibility Authorized by Paul President & CEO on Feb. 10, 2010 Prepared by XXXXX, public relations officer Please email or call for any questions or concerns tmuniz@ourcompany.com Tel. 1-888-534-4501 ext. 43 11 Business Ethics & Social Responsibility