By Charles Mitchell

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Extra info for A Short Course in International Business Ethics: Combining Ethics and Profits in Global Business (The Short Course in International Trade Series)

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Also, the use of child labor can ruin a company's reputation. This is especially true in the case of transnational supply and service chains, where the economic exploitation of children, even by a business partner, can damage a brand image and have strong repercussions on profit and stock value. A: Discrimination in employment and occupation lowers the level of productivity in the workplace, and slows economic growth for society as a whole. The lack of a climate of tolerance results in missed opportunities for development of skills and infrastructure to strengthen competitiveness in the global economy.

The Social Investment Forum reported that more than $2 trillion in assets in 1999 were managed in portfolios that screen for ethical, environmental and other socially responsible practices. 3 trillion in funds under professional management in the United States. Where to Begin? If your company has never thought seriously about where it stands on ethical and corporate social responsibility issues, these six steps can serve as a guideline to begin the process. " 32 Chapter 4: Does Virtue Pay? Chapter 4: Does Virtue Pay?

NUMBER OF BOARD MEETINGS PER YEAR Six to eight is fairly common. However, 33 percent of the Latin American companies held a dozen meetings or more; only 2 percent in North America made such a claim. • THE TIME IT TAKES A DIRECTOR TO GET UP TO SPEED About half of all companies said it took six to 11 months. But 43 percent of the Asian companies said their directors could do the job within five months, versus 7 percent in North America. In seeming contrast, in Asia only 5 percent of the companies offer formal training for board members versus 58 percent in North America.

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