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Source Review

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Submitted By TineSchatz
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19.09.2014
Source Review

In the article ‘Putting ethical practice in corporate responsibility’, Seong (2010) argues that the appreciation(Anerkennung) of business in society puts forward ethical implementation in corporate responsibility as well as the awareness of corporate scandals due to faster distribution via digital channels. The article is relevant to the report question on corporate governance, however, its relevance is limited because the focus is only on one priority of corporate governance. Furthermore, the source is only useful to gain further background information due to a lack of reliable references.

The article is relevant to the assessment task, which examines corporate governance and its importance for companies. Seong (2010) points out that companies will attain(erreichen) the gratification(Belohnung) if they recognize(verstehen) the interdependence between corporate responsibility and ethical systems. The more, the correlation between aspects of corporate governance and the worth of corporate responsibility with the result of higher organization’s reward are identified. Moreover, the challenge of connecting the return on investment with the corporate charge into enterprises is presented by the author (2010). The report question’s main focus is on the comprehensive process of corporate governance, hence the source is of limited suitability since it deals only with one principle of the ASX namely ‘Promote ethical and responsible decision-making’.

Moreover, the article is based on a rather objective view, presenting a wide evidence to support the content, developing ideas as well as there exists a suitable structure, mostly in academic language. Seong does not include his opinion into the article. He (2011, p.33) uses examples of companies, which manage their challenges such as Toyoto dealing with their hybrid car. Furthermore, the author

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