CSR and Ethics on Northern Bank Essay Example | Topics and Well Written Essays - 4000 words

CSR and Ethics on Northern Bank - Essay Example CSR thought that leaders are not a homogenous group nor they do not even predict one of the evolutionary tracts for over the next decade. It is so interesting to speculate the way on how to prosper in future according to cultural view in the social welfare and social economic in relation to political changes within the company. Regulation of Executive and Shareholders of Northern Rock The regulations of the executives pay desirable because it has exposed the regulatory failings whereby the global official has responded with the regulatory fixes, including some that could have made a difference. It sounds so ethical that taking in to account the interests and contributions of the people who interact becomes the basis for ethical behavior and the governance. The shareholders are completely being divested by the ruling European company. They are in reality opting for fairness and justice in order for them to feel faithful in running the system of the business (Sims 2010). The regulation , including the rule of the corporations can be structured to reduce the impact on society and in their working place. The shareholders should have a democratic society which can be controlled the acceptable corporate behavior. There are factors that have made the vulnerable business collapse. For example, the northern rock rapid growth which has been fuelled by the aggressive of lending to dubious borrowers. Again, the tough new liquidity standards aimed at forcing the banks to hold some of the shares because of compensation from the banks. The rationale for the shareholders has not been beneficial from the sale of the bank, this is because of investors from the banks who have not favored the nationalism and then the judgment on the damage based on the economy. According to Joel Bakan puts that, â€Å"no one should seriously suggest that the individual should regulate themselves that the laws are against murder, assault and theft are unnecessary because of people are socially resp onsible (Nelson 2012). This shows that, corporate people who lack the whole world should be left free to rule them selves. The business case for the CSR in some parties is affected by the ability to create wealth for themselves and the community. It sounds so ethical that taking in to account the interests and contributions of the people who interact becomes the basis for ethical behavior and the governance. In business cases for CSR, it is essentially a strategic plan fort he firms which anticipates and address the issues associated with the interactions with others and also through out the business in their future endeavors. Deontology Theories of Corporate Social Responsibility According to the philosophers, Deontology simply means the theory of duties carried by people in an organization. Deontology theory entails the commitment, obligation and duties based on ethics. Kant argues that, people should act in the right way and must act to their duties. The motive, as in Kantâ€℠¢s view of ethics states that, it is right regardless of what the solution or the result is. One of the roots of the crisis in Northern Rock lay in the difficulties of the American sub prime market. Loans were provided to people because of their low income, or lack of assets, or the type of property being purchased, could not obtain a loan or mortgage. The fact to deontological theory is that,