Private Sector Accountability and Business Ethics: A Critical Analysis
Explore the significance of accountability in the private sector, focusing on the responsibilities of businesses towards stakeholders. Learn why private sector accountability is crucial for achieving Sustainable Development Goals and how the UN Guiding Principles on Business and Human Rights play a key role in promoting ethical practices.
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Presentation Transcript
Libyan International Medical University Faculty of Business Administration Accountability in The Private Sector Name : Anas Abdullah Alsaiti ID : ( 3056 ) Email : anas_3056.limu.edu.ly
Contents Introduction Why is private sector accountability important Conclusion References
Introduction Accountability generally refers to the responsibility for one s actions (or inactions) towards another. This implies a relation between at least two actors: the principal or accountability holder and the agent or accountability holdee.
Why is private sector accountability important Because they are not part of a government, private businesses exist outside traditional accountability systems. A shift towards more accountable business behaviour would have a dramatic effect on the world s ability to achieve the SDGs
Conclusion The UNGPs establish the corporate responsibility to respect human rights, which implies businesses' addressing negative impacts of their activities, and communicating about such impacts.
References Haffajee R, Mello MM. Drug companies liability for the opioid epidemic. N Engl J Med 2017;377:2301 5. Google ScholarCrossrefPubMed Brownell KD, Warner KE. The perils of ignoring history: big tobacco played dirty and millions died. how similar is big food? Milbank Q 2009;87:259 94. Google ScholarCrossrefPubMed
