Ethics and Corporate Social Responsibility

Question: The role of the leader in the practice of good governance and social responsibility in a publicly or privately held company. What role does the leader play in setting and influencing corporate social responsibility? Answer: Introduction Basically, the main aim and objective of conducting this research paper is to develop a clear understanding about the different roles, functions and activities of todays leaders in good governance and social responsibility. Moreover, it is also found that, leader roles are not limited because they also play a wide range of specific and significant role in improving the business, developing innovative work culture and making organization more socially responsible. In the same way, leaders adopt and use best practice of good governance and social responsibility in a publicly or privately held company. In this way, today leaders play innovative and specific roles in setting and influencing corporate social responsibility. Apart from this, it should also be noted down that, todays leaders are also responsible to perform a wide range of roles and functions for the success and growth of the company. Role of Leaders in Practice of Good Governance, Social Responsibility and Setting Influencing Corporate Social Responsibility It is analyzed that, there are several types of actions, best practices and strategies are developed and created by leaders in order to enhance social responsibility. For example, leaders provide strategic guidance and recommendations to the marketing department of the company in order to implement global marketing strategies by considering the environmental factors. It means leaders play a key role in improving the companys marketing decisions and focused on considering the different aspects such as: cultural differences, economic, social, sustainability efforts, technology or physical infrastructure, political or legal system, etc. This helps the company in achieving its long term marketing and business objectives effectively (Vaccaro, Jansen, Van Den Bosch, Volberda). On the other hand, leaders also focuses on developing sustainability report so that the organization can be able to reflect its economic, social, sustainability efforts, environmental and measurement factors. Moreover, it is also accessed that, there are several types of sustainability program, practices, and activities are also introduced by leaders within the organization that empowers and motivate the employees to perform their goals and objectives ethically. In addition to this, leaders also introduced diversity programs within the company and invite the women employees to work in the company (Voegtlin, Patzer, Scherer). Along with this, it is also found that leaders also focuses on developing an innovative and dynamic work cultures that consists with the ethical norms, standards, and rules. In the same way, this ethical work culture of the organizations encourages the employees to fulfill their goals ethically. For instance, different types of corporate governance practices are also introduced by the leaders that ensure the enhancement, protection and creation of the value of the shareholder. For example, leaders focus on improving the suppler Code of Conduct. According to this, the suppliers are responsible to treat employees fairly and provide all the information about the products and services before buying any product. Moreover, this code of conduct is also guides and educates its different supplier to fulfill and satisfy the needs of the customers (Macco). Moreover, there are several types of motivational and encouragement strategies and methods are also introduced by leaders within the company that educate and empower the employees. For example, innovative work culture, training and development opportunities are provided by the company to their employees so that they can fulfill their dreams (Katamba). Moreover, SEED (Supplier Employee Education and Development) program is also developed by leaders that motivate the employees and workers regarding their tasks. For instance, as per this, the company provides opportunities to their work to earn with their bachelor and master degree. On the other hand, it is also analyzed that, leaders is also play a major role in developing an innovative policy related to the Labor and Human Rights. This strategy guides the company to focus on maintain and dealing with the employment issues (Jayasingam, Cheng). For instance, in the global business environment, the company follows and maintains the standards and rules of labor and human rights. In addition to this, leaders are creating regulations and Codes of Practice, establishing Health and Safety Duties, developing duty to protect any person from exposure to hazards and risks that arise from work. Additionally, leaders also introduce innovative diversity policy to maintain the human rights within the company. According to this strategy, company is fully dedicated to avoid unethical hiring. Along with this, leaders also played a key role in developing and creating numerous techniques to diminish the environment issues effectively. Energy efficiency, green product design, environmentally friendly, reduces carbon emission, etc are the important techniques adopted by the company that introduced by leaders within the organizations (Gregoire, Arendt). On the other hand, leaders use participative theory of leadership in order to fulfill their CSR and social responsibility functions. For example, as per this participative theory of leadership, leaders invites the organizational people to take a part in the organizational decision making process. In addition to this, leaders also play a key role in enhancing the workplace skills, roles and abilities of employees. For instance, with the help of participative style, leaders facilitate the conversation and openly shares information and knowledge among the employees for decision-making (Brown, Hallenbeck, Baird). In addition to this, leaders also treats employees equally and fairly and provides fairly and specific workplace opportunities to their employees or management so that they can be able to fulfill their goals and objectives effectively. In addition to this, leaders also play a major role in motivating, encouraging, to the employees to share the innovative ideas (Flynn).Moreover, leaders also try to synthesize all the available information and solutions suggested by the team. For example, workplace problems are also solved by the leaders to the members of organizations by providing them specific and significant ideas, guidelines, and strategies. Leaders also focus on developing strong relations with the employees by understanding their issues and problems effectively. On the other hand, leaders also come up with the best possible solution and communicate it back to the group. Moreover, leaders also effectively communicate with each and every level of employees of the organizations so t hat the organizational long term objectives can be achieved (Alvesson Spicer). In the recent time, the leaders are also working for the overall success and growth of the company by developing and establishing effective business strategies and CSR policies. In addition to this, leaders are also promoting the concepts of sustainability and developing a strong positive and ethical work culture and structure. In addition to this, leaders are also focusing on adopting innovative and new technologies and information tools in order to bring innovation within the organizational business process. Moreover, leaders are also motivating and encouraging their employees to work ethically and in a social responsible manner for the success of the company in an effective and proper manner (Sebastian, Allensworth). At the same time, it is also observed that, to bring the innovation and improve the organizational efficiency, leaders are also introducing new tools and methods. Moreover, corporate strategic vision, mission, long term objectives, and strategies are also modified by leaders for the overall success and growth of the organization. Finally, it can be said that, best and effective CSR, socially responsible practices and strategies are established by the leaders in order to achieve the competitive advantages over the competitors. Hence, it can be said that, the leader is playing a wide range of roles for the total success of the company in the global business environment (Wiest, Eltantawy). Moreover, organizational leaders play a wide range of specific, innovative and significant role in fulfilling the corporate social responsibility functions and objectives. For instance, leaders are also responsible to develop environmental, socially, sustainability policies and strategies within the organizations. In the same way, leaders play specific roles in enhancing the social responsibility. Leaders are also responsible to motivate the employees, to build strong relationships with the outsiders, to ensure the customer satisfaction, and maintain the competitive advantages for the company by adopting and using innovative and specific business and corporate strategies and tactics in an effective and proper manner. Apart from this, leaders are also play key role in demonstrating integrity, encouraging constructive dialogue, creating a shared vision, developing people, building partnerships, thinking globally (Williams). Conclusion On the basis of above discussion, it can be concluded that, leader is a person that influence, affect, encourage, motivate, guides the employees or workers to perform their goals and objectives in an effective and proper manner to fulfill organizational strategic vision and mission. Moreover, a manager is an organizational individual that guides the employees about how to perform their day to day task for the success of the company. In addition to this, several specific roles associated with the CSR, ethics and socially responsible are also performed by the leaders in order to create a unique image of the company in the front of others effectively. Moreover, it is also concluded that, the roles of the leaders within the organizations are not limited to motivation and encouragement. But, they also have to perform certain tasks related to CSR, ethics and socially responsible functions to determine the success and growth of the company. References Alvesson, M., Spicer, A. 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