Fairness, Accountability, Transparency and Stewardship in Business and Non-Profiy Organization

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FAIRNESS, ACCOUNTABILITY,

TRANSPARENCY AND STEWARDSHIP IN


BUSINESS AND NON-PROFIY
ORGANIZATION
for Business Ethics and Social Responsibility Senior
High School (ABM)
Quarter 1 / Week 3

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FOREWORD

This Self-Learning Kit for Business Ethics and Social Responsibility


explores all concepts necessary to deal the basic understanding of the mechanism
in business.
This gives students a strong knowledge of general ethical principles as
applied to the special situation of business and the ability to make judgment.
It is aligned with the BEC of the Department of Education following the
prescribed MELCs (Most Essential Learning Competencies.
It has the following features proven to be valuable aids to learning in the
core principles of business.
What happened?
This section contains pre-activities like pretest that awaken the minds of the
learners that will motivate them to learn.
What I Need To Know? (Discussion)
This section includes the definition of the core principles as observe in
business. Each one is properly define and explain that clearly emphasizes the
applicable judgment in the field of business.
What I have Learned? (Evaluation/Post Test)
The exercises contained in this section are guaranteed to build the students
competence and basis of learners’ areas of strengths and difficulties.

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OBJECTIVES:
K. Define the meaning of fairness, accountability and
transparency, and stewardship
S. Discuss the relationship of fairness, accountability,
transparency and stewardship with ethical businesses
A. Appreciate the core principles of fairness, accountability, and
transparency and stewardship in the real life situation

LEARNING COMPETENCY:
Illustrates how fairness, accountability, transparency, and stewardship is
observed in business in business and non-profit organization (ABM_ESR12IIId-
1.4; ABM_ESR12IIId-1.5)

I. What Happened

PRE- TEST
Instruction: Read each item carefully and use a separate sheet of paper to write your
answers.
True or False
1. To be accountable is to be liable to explain or justify one’s actions and
decisions.
2. Holding to account is the process of requiring explanation and justification,
but it is also about testing, forming a judgment and if necessary, taking
actions.
3. Fairness is the quality of making judgments that are free from
discrimination.
4. Transparency is essential in building families, and through families, in
strenthening civil society as a whole.
5. Bribery is ethical, taking or receiving something with the intention of influencing
the recipient.
6. Accountability means to imply a management relationship and also about
confrontation by putting someone in his place or giving him a hard time.
7. Practicing stewardship can help a business find sustainable practices, improve its
reputation among consumers and even save money.

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8. Human skill is the ability to work well with other people individually and in groups
and one of the examples is understanding of body language.
9. Being transparent means being clear, open, and frequent
communication.

10. Treating all people equally and not applying reasonable punishments even if rules
are broken is an example of fairness

II. What You Need to Know

DISCUSSION
Notions of Accountability, Fairness, and Transparency
Business leadership affects the moral capability and performance of
organizations. Business leaders influence the scope and character of formal ethics and
programs and the integration of ethics into everyday organizational life. However, most
practicing business leaders in most countries most of the time are not held accountable
for dysfunction moral, social and environmental performance.

The Four Key Dimensions of Integrity Capacity

Process Judgment These should present challenges for


business leaders so that they become
Development more aware of moral concerns and thus
respond
System more effectively to the problems that
arise.

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ACCOUNTABILITY
Why is Accountability important?
Accountability structure is the most important aspect of prevention and detection
of corruption. A civil society organization without proper accountability system is fragile
and open to rumors and mismanagement and abuse of power.

Accountability: What It Is:


 To be accountable is to explain or justify one’s action and decisions.
 Accountability is the process of explanation and justification.
 Holding to account is the process of requiring explanation and, but it is also about
testing, forming a judgment, and if necessary, taking action.
 Accountability implies responsibility it is reasonable only to hold people to account
for those things for which they are responsible

Accountability: What It Is Not:


 It is not synonymous with responsibility.
 It does not imply a management relationship.
 It is not a “one off” annual event.
 It is not the same as appraisal.
 It is not about confrontation, “putting someone in his place” or “giving him
a hard time”.

Accountability Structures
Accountability is the ability to account for your actions and performance to your
stakeholders. Accountability includes the fact that persons (your stakeholders) are willing
and able to hold you accountable.

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FAIRNESS
 Fairness - in the context of a business of organization involves balance of the interests
involved in all decision-making including any decisions related to hiring, firing (including
the investigatory process), and the compensation and rewards.

 Overall, fairness has to do with justice, which is to give to another that which is due
him/her. Justice: (1) looks at the balance of benefits and burdens distributed among
members of a group, and/or (2) can result from the application of rules, policies, or laws
that apply to a society or a group. In general, the just results of actions override utilitarian
results.

TRANSPARENCY

 Transparency
 is the extent to which investors have ready access to required financial information
about company, such as price levels, market depth and audited financial reports.
 helps reduce price vitality, because all the market participants can base decisions of
value in the same data.
 is an issue that often emerged in the documents by Pope Benedict XVI. Caritas in
Veritate (CV) referred to transparency seven times.
 intrinsic or ethical salience: individual level
 instrumental salience: organizational and social levels.

THE RELATIONSHIP OF FAIRNESS, ACCOUNTABILITY,TRANSPARENCY,


STEWARDSHIP, WITH ETHICAL BUSINESS

Scholars have recently considered ethical leadership from a new angle by examining
servant leadership. Servant leaders go beyond their own self- interest and focus on
opportunities to help followers grow and develop. They do not use power to achieve ends;
they emphasize persuasion. Characteristics behaviors include listening, emphatizing ,
persuading, accepting stewardship, and actively developing followers potencial.

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What is the relationship between accountability and stewardship?

In the context of a company, it means holding the directors who manage the company
responsible for explaining their actions to the shareholders who own the company.
Stewardship is when a person is responsible for taking care of something on behalf of
another.

III.What Have I Learned

Activity 1. Answer the following questions comprehensively.

1. Why is accountability, transparency, fairness , and stewardship important in business?

2. How does accountability and transparency work together?

Activity 2. Let’s do it. Download an inspirational quote’s from the internet or cut-out pictures
from the magazines or old newspapers that best describes transparency, accountability, fairness
and stewardship in business. Make a short reflection on it.

RUBRICS FOR ESSAY

Needs
No Submission Poor (2 Proficient Advanced
Criteria Improvement
(1 point) points) (4 points) (5 points)
(3 points)
Correct and with Correct and with
Incomplete Has complete
few minor errors no errors in the
Presentation of No written presentation of presentation of
in the presentation of
Ideas ideas ideas and with ideas but with
presentation of ideas
major errors errors
ideas
Shows 25% Shows 50% Shows 75% 100% well-
Clarity of ideas/response not
developed developed developed developed
answers evident
ideas/response ideas/response ideas/response ideas/response
Minimum
Plenty of Plenty of erasures Minimum No erasures,
Over-all erasures and
Erasures and and not so readable erasures with content is
Output/Neatn not so readable
Unreadable content readable clear and
ess contents
content content readable

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EVALUATION/ POST-TEST:

Test I. Identify what is being asked. Choose your answer from the words inside the box. Use
a separate paper in answering.

Fairness Technical Skills Conceptual Skills


Accountability Transparency Human Skills

1. The process of explanation and justification implies responsibility.


2. The ability to account for your actions and performance to your stakeholders.
3. The ability to understand, communicate with, motivate, and support other people.
4. The quality of making judgments that are free from discrimination.
5. The one accountable or liable to explain or justify ones actions
and decisions.
6. The principle of an organization aims at providing information about activities and
governance to stakeholders that is accurate, complete and made in a timely way.
7. Has become and increasingly popular word in the recent time that is used and sometimes
misused by both scholars and practitioners.
8. It has to do with justice, which is to give to another that what is due to him.
9. It is an issue that often emerged in the documents by Pope Benedict
XVI.
10. A person responsible for taking care of something on behalf of another.

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DEPARTMENT OF EDUCATION
SCHOOLS DIVISION OF NEGROS
ORIENTAL

SENEN PRISCILLO P. PAULIN, CESO V


Schools Division Superintendent

JOELYZA M. ARCILLA, EdD


Assistant Schools Division Superintendent

MARCELO K. PALISPIS, EdD


Assistant Schools Division Superintendent

NILITA L. RAGAY, EdD


OIC - Assistant Schools Division Superintendent CID
Chief

ROSELA R. ABIERA
Education Program Supervisor – (LRMS)

ELISA L. BAGUIO, EdD


Division Education Program Supervisor – MATHEMATICS

MARICEL S. RASID
Librarian II (LRMDS)

ELMAR L. CABRERA
PDO II (LRMDS)

MARIA ACENITH D. PASTOR


Writer

RADHIYA A. ABABON
Lay-out Artist

ALPHA QA TEAM
LITTIE BETH S.
BERNADEZ
MERCYDITHA D.
ENOLPE
RONALD
TOLENTINO
DIDITH T. YAP

BETA QA TEAM
ELIZABETH A. ALAP-
AP EPIFANIA Q.
CUEVAS
NIDA BARBARA S.
SUASIN VRENDIE P.
SYGACO MELBA S.
TUMARONG HANNAHLY
I. UMALI

DISCLAIMER
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The information, activities and assessments used in this material are designed to provide accessible learning modality to the teachers
and learners of the Division of Negros Oriental. The contents of this module are carefully researched, chosen, and evaluated to comply with the
set learning competencies. The writers and evaluator were clearly instructed to give credits to information and illustrations used to substantiate
this material. All content is subject to copyright and may not be reproduced in any form without expressed written consent from the division.
SYNOPSIS AND ABOUT THE AUTHOR
This Self-Learning Kit (SLK) ANSWER KEY
talks about the core principles of Pre- Test
business. It includes fairness, 1. True 6. True
accountability, transparency and 2. True 7. True
stewardship. 3. True 8. True
4. False 9. True
5. False 10. False
In this SLK not only the Post- Test
principles of business is being 1. Accountability 6.Transparency
positive 2. Accountability 7. Transparency
presented but also
3. Human Skills 8. Fairness
outlook, skills and interest in life to 4. Fairness 9. Transparency
become a well- developed 5. Accountability 10. Stewardship
individual.
Essay: Answers may vary
AA

AUTHOR
MARIA ACENITH D. PASTOR received her Certificate
of Professional Education last March 2014 at St. Francis College
of Guihulngan, Guihulngan City, Negros Oriental. She was a
graduate of Bachelor of Science in Commerce major in Business
Administration at University of San Jose- Recoletos, Cebu City
in 1999. She is pursuing her Master’s Degree major in
Administration and Supervision at STI West Negros , in Bacolod
City, Negros Occidental. She is currently teaching at Demetrio
L. Alviola National High School, Bindoy Negros Oriental
handling Accountancy, Business and Management (ABM)
subjects. She is also a Grade 12- ABM adviser, the Career
Guidance and GAD coordinator of the

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REFERENCES
Raceles, A. 2017. Business Ethics and Social Responsibilty. Quezon City: Rex
Bookstore

Core principles of fairness, accountability, and transparency. Retrieved from


https://www.coursehero.com/

Ethics and social responsibility unit 120190708. Retrieved from


https://www.academia.edu/

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