This chapter aims to bring order to the multitude of different concepts that are discussed within corporate ethics. In the first part, compliance as a minimum ethical requirement is presented. Compliance risks are illustrated by examples from the fields of corruption, antitrust violations, and data privacy. Afterwards, the key tasks of compliance management are explained. In the second part, different perspectives on corporate responsibility are discussed: Friedman’s view, the honorable merchant, and the management of moral risks. In the third and largest part, different approaches to corporate social responsibility and their respective criticisms are presented. The chapter closes with some thoughts on corporate social irresponsibility and on the experimental approach to CSR.
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