Have you ever wondered what it takes to run a good and ethical business?
By Leah Feor
Growing up I knew the importance of being good to others & being ethical, however when it came to business I really only had one comprehension. Business is about making money. It is about high returns for the shareholders.
Throughout university, much of my understanding remained the same until one day when I was assigned a term project on the topic of Environmental Auditing. It became clear to me that business goes far beyond dollars and cents, and even further beyond shareholders and boardrooms.
One thing led to another and I shifted from thinking of the Shareholders to better understanding and working with the Stakeholders.
For those of you new to this, here’s a little Business 101: Shareholders are the financial investors in the shares of the business. Stakeholders are those involved in daily operations or ones affected by a course of action (eg: the employees, the community, the environment).
There I was on route to being a designated accountant for a global firm (my dream job) when something shifted internally, and life as I knew it changed. Words like transparency, accountability, and social responsibility began having further meaning.
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