Tag: Corporate Social Responsibility
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Institutional Courage
Institutional courage, as developed by Jennifer Freyd, is an approach where organizations address their own failings to maintain ethical standards and integrity. This concept includes recognizing past mistakes, enhancing transparency, and reinforcing accountability, key factors in rebuilding trust and fostering responsible leadership in institutions.
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Pecunia Non Olet
“Pecunia Non Olet,” a Roman maxim meaning “Money does not stink,” delves into the ethical ambiguity surrounding the origins of wealth. It has legal, economic, and social ramifications, and remains relevant in modern debates from digital currency to ethical investing.
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Negative Externalities
Economic activities can impose unaccounted-for costs on society, known as negative externalities. These inefficiencies often lead to government interventions and have widespread implications, affecting issues as significant as climate change and public health.