Public trust in corporate business and industry suffered major setbacks early in the 21^st century because of a series of missteps and misconduct.At the same time, many corporations demonstrated corporate social responsibility and operated in the public interest.Briefly discuss two examples of corporate misconduct and two examples of corporate social responsibility to demonstrate how corporations lose or keep public trust.

Question

Quizplus · Accepted Answer

The Answer is  Examples of business misconduct include BP’s Gulf of Mexico oil spill, Toyota’s vehicle recalls, and Goldman Sachs and the global financial crisis. Examples of corporations demonstrating commitment to social responsibility and serving the public trust include The Chicago Bulls’ “Read to Achieve” program, McDonald’s Corporation’s “Good Neighbor” programs, and SC Johnson’s “Sustainability” programs . You might also encourage your students to find and discuss local examples of corporate misconduct and good corporate citizenship

Public Trust in Corporate Business and Industry Suffered Major Setbacks