Factors of trend for stakeholders to commitment attributable

Question

What are factors to trend of making stakeholders aware of a company’s commitment attributable?

Answer 1

The trend of building stakeholders awake of an organization’s commitment to ethical business conduct and core values are attributable to factors as given below:

i. Superior management understanding of the role these statements play in culture building.

ii. A renewed concentrate on ethical principles stemming from the business scandals that came to light in 2001-2002.

iii. The growing numbers of customers who prefer to support ethical companies with ethical products.