I think being ethical would be an objective of most business orgnizations. It is undeniable that some firms may hold the idea that making profit is the most important goal, in this case they could sometime being unethical like giving workers very low wages or produce a lot of pollution. In this way, although the company may get high profit in a short period of time, thier reputation will be really bad and consumers might stop buying their products in the future.

Anglo American has recognised the importance of taking social responsibilty. I think this will be a opportunity of them. In my own prospective, if one company can not only obey the law but also treat most stakeholders equally, they will finally obtain a lot of benefits. For instance, if Anglo American have wonderful working conditions for their employees, they will easily recruit new workers will good skills due to their good reputation. If company can pay supplier on time they may easily to get a discount in the future.

Promise not break the law is just a really basic regulation for business today. Taking social responsibility and being ethical are become increasingly important for most company. Although there is no doubt that the cost of business will rise when they choose to being ethical, they will benefit from that in the near future.

my comments:

Business ethics

Corruption within FIFA

source:

 http://businesscasestudies.co.uk/anglo-american/business-ethics-and-corporate-social-responsibility/what-are-business-ethics.html#axzz3CyBKIaPfbusiness-ethics.html#axzz3CyBKIaPfresponsibility/what-are-business-ethics.html#axzz3CyBKIaPfresponsibility/what-are-business-ethics.html#axzz3CyBKIaPf