A Descriptive Analysis of Ethics Codes, CSR, and Efforts to Combat Human Trafficking

International Journal of Corporate Governance, 5(3/4): 156-177, 2014

40 Pages Posted: 17 Jan 2015

See all articles by Stefan Linnhoff

Stefan Linnhoff

Murray State University - College of Business

Hannah Russell

Texas A&M University (TAMU), College of Agriculture and Life Sciences, Department of Agricultural Economics, Students

Katherine Taken Smith

Texas A&M University-Corpus Christi-College of Business

Murphy Smith

Texas A&M University-Corpus Christi-Department of Accounting

Date Written: 2014

Abstract

Around the world, in the accounting and business fields, there is no issue bigger than ethics. Most major multinational companies have adopted formal policies on ethics. Businesses are expected to do what is right in all their activities, including financial reporting, taking care of the environment, treatment of employees, and dealings with customers. Such matters fall under the umbrella of corporate governance and corporate social responsibility (CSR). Providing quality goods and services is critical to success, but businesses are also expected to contribute to the betterment of society in general. For example, a number of major corporations are working together to help end modern-day slavery, also called human trafficking. The aims of this paper are as follows: to review the relevant literature on ethics and CSR, to provide a descriptive analysis of ethics codes of the Fortune 100 corporations, and to review corporate efforts to combat human trafficking. Regarding corporate ethics codes, findings show that most are disclosed in the Corporate Governance Section of corporate websites. Many corporations are very actively engaged in corporate social responsibility. A number of corporations have joined forces to combat human trafficking. These findings are meaningful to business practitioners and academic researchers, and particularly accounting professionals and business managers as they do their part to advance the highest standards of ethics and CSR in their organizations.

Keywords: corporate governance, corporate social responsibility, CSR, ethics codes, human trafficking

JEL Classification: I3, J18

Suggested Citation

Linnhoff, Stefan and Russell, Hannah and Smith, Katherine Taken and Smith, Murphy, A Descriptive Analysis of Ethics Codes, CSR, and Efforts to Combat Human Trafficking (2014). International Journal of Corporate Governance, 5(3/4): 156-177, 2014. Available at SSRN: https://ssrn.com/abstract=2551003

Stefan Linnhoff

Murray State University - College of Business ( email )

351 Business Building
Murray, KY 42071-3314
United States

Hannah Russell

Texas A&M University (TAMU), College of Agriculture and Life Sciences, Department of Agricultural Economics, Students ( email )

600 John Kimbrough Blvd
College Station, TX 77843
United States

Katherine Taken Smith

Texas A&M University-Corpus Christi-College of Business ( email )

6300 Ocean Drive
Corpus Christi, TX 78412
United States

Murphy Smith (Contact Author)

Texas A&M University-Corpus Christi-Department of Accounting ( email )

6300 Ocean Dr
Corpus Christi, TX 78412
United States

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