Economic Responsibilities

Economic Responsibilities
1. It is important to perform in a manner consistent with maximizing earnings per share
2. It is important to be committed to being as profitable as possible.
3. It is important to maintain a strong competitive position.
4. It is important to maintain a high level of operating efficiency.
5. It is important that a successful firm be defined as one that is consistently profitable.
Legal Responsibilities
1. It is important to perform in a manner consistent with expectations of government and law.
2. It is important to comply with various federal, state, and local regulations.
3. It is important to be a law-abiding corporate citizen.
4. It is important that a successful firm be defined as one that fulfills its legal obligations.
5. It is important to provide goods and services that at least meet minimal legal requirements.
Ethical Responsibilities
1. It is important to perform in a manner consistent with expectations of societal mores and ethical norms.
2. It is important to recognize and respect new or evolving ethical moral norms adopted by society.
3. It is important to prevent ethical norms from being compromised in order to achieve corporate goals.
4. It is important that good corporate citizenship be defined as doing what is expected morally or ethically.
5. It is important to recognize that corporate integrity and ethical behavior go beyond mere compliance with laws and regulations.
Philanthropic Responsibilities
1. It is important to perform in a manner consistent with the philanthropic and charitable expectations of society.
2. It is important to assist the fine and performing arts.
3. It is important that managers and employees participate in voluntary and charitable activities within their local communities.
4. It is important to provide assistance to private and public educational institutions.
5. It is important to assist voluntarily those projects that enhance a community’s "quality of life."