Today, Social Responsibility together with ethics create a very important added value for any financial institution and company worldwide, as well as for all the people who give their trust to these institutions when hiring their services, hoping that they act in a way Ethical and responsible with the resources that they provide, therefore this issue is creating a trend where the company reflects in its structure new tasks and statutes, designating people or bodies whose specific task will be to ensure the effectiveness of the business organization and its image before society.
Ethics and social responsibility are relevant in any work area, which can bring more positive than negative results for the company, since in my opinion it is necessary to focus on training people of integrity for society through the implementation of a culture that allows highlighting the values that must be taught from a young age, in a few words it can be deduced that ethics goes beyond work, because it is something that is formed since you are a child and is carried out through education by people who They help you grow and develop as an integral person, something that many people did not learn or do not execute in their daily lives. For this problem there are many causes, mainly government administration and management,since they are the main ones in charge of giving us opportunities to be better people both personally and professionally, for example, corruption and violence increase because people need money to survive, people have a shortage of job opportunities for who did not finish their studies or could not continue their studies, education is "bad" because updates are not created in the way of teaching always giving the same results in people who aspire to a better quality of life, and the list increases in countries where the socioeconomic level is decreasing.People have a shortage of job opportunities because they did not finish their studies or could not continue their studies, education is "bad" because updates are not created in the way of teaching, always giving the same results in people who aspire to a better quality of life, and the list increases in countries where socioeconomic status is declining.People have a shortage of job opportunities because they did not finish their studies or could not continue their studies, education is "bad" because updates are not created in the way of teaching, always giving the same results in people who aspire to a better quality of life, and the list increases in countries where socioeconomic status is declining.
Therefore, companies and institutions must have the obligation to prepare their entire work environment in terms of ethics and social responsibility, so that they can contribute with a solution to the problems mentioned above, in addition to meeting the new demands of society that increase with the passage of time in relation to the creation of new regulations and norms that provide greater security and confidence to people who participate in any activity related to a company, since the rise of corruption, organized crime, government administration, money laundering, etc. That predominate in many countries with economies with high poverty rates, it is avoided that people involved with companies end up harmed by reducing their wealth and purchasing power.
This requires urgent measures to be able to reduce the percentage of those affected by illicit activities both in the Financial System and in the business environment, therefore one measure is to be more rigorous in constant training and that in the selection of personnel the history is deepened staff of their possible employees in order to know how they would act in an event that requires people with self-critical and reflective thinking in order that they can face future crises in their work and can carry out the correct process to solve it, but above all who act ethically so as not to involve other people in the problem.It is also relevant that the company or institution aims to obtain certifications and evidence that show people the commitment they have with society in order to achieve greater trust between customers and financial markets in order to boost the economy and it can grow and develop.
Something that should be highlighted and mentioned is that the ethical behavior of companies and their employees usually change in moments of crisis or relevant events that may affect the company, for example, different authors have highlighted that financial crises at the national level have revealed relevant failures in the ethical behavior of entities, their managers and employees, therefore it is considered that crises are caused above all by a failure of direction, motivation and behavior of people, although those entities that knew how to implement a culture have managed to overcome it without failing to fulfill their social mission and without having to resort to public aid to be able to develop it,on the other hand, in other companies, a punishment consisting of "removing social recognition from the financial world" is promoted, because they did not incur in the reckless management of risks, or in the inadequate management of capital or liquidity that ended up causing the crisis.
However, it is important that companies show society their commitment to what they call the triple accounting result (economic, environmental and social), these pillars must always be taken into account to be socially responsible, teaching their employees to work on their own pillars that are the basis of how they live day to day, with the aim of becoming a better society, for this large companies must set the example for SMEs (Small and medium-sized companies) so that all companies have as an obligation to be socially responsible from the moment of its creation, in addition to the implementation of ethics and social responsibility in the company and all the personnel that allow its operation. Since according to the company that is dedicated to giving the Socially Responsible Company certifications, it has established that:"Of the more than five million companies that exist in Mexico, including micro, small, medium and large, only 934 have a Socially Responsible Company (ESR) certificate."
In Mexico, it has been reflected that corporate social responsibility can be understood “as the conscious and consistent commitment that the employer and the company assume to fully comply with the company's purpose both internally and externally, considering expectations of all its participants in the economic, social or human and environmental, demonstrating respect for ethical values, people, communities and the construction of the common good with social justice. However, in a large number of small and medium-sized Mexican companies the culture of social responsibility is still not adopted, because more is thought about how to obtain profits, which causes many of these to close in a short time,Therefore, a solution would have to be that people who are starting an entrepreneurial project need the certification of an important organization in terms of ethics and social responsibility to have more sources of financing and promote the creation of an ethical and socially responsible culture.
As a conclusion, ethics and Social Responsibility have taken on greater relevance in the operation of companies around the world, with the main objective of avoiding events that lead to financial crises in companies and institutions, ensuring that employees carry out the processes in accordance with the established rules and statutes, always acting in an ethical and responsible manner through continuous training so that they have the same behavior in their workplace and in their personal life.
However, ethics is something that must be learned from the first years so it is also something that must be informed to all people to create a better long-term society, otherwise we will continue to perish more to a government than in the Most countries are run by people with a lack of ethics and who need to be replaced by people who have worked in places where ethics and social responsibility predominate. It is also important that companies regardless of the country in which they are located should turn to organizations that advise them to adopt a better culture of ethics and social responsibility, so that by observing relevant historical events on notable differences in behavior, responsibility and culture through the years,solutions can be found and regulatory, legislative and judicial decisions can be made aimed at achieving the common good in the medium and long term. In addition, the person involved with the activities of the company is satisfied with their work environment.
BIBLIOGRAPHY
Arbizu, E. (2016) The ethics of the financial system: a compliance system. Recovered from:
Argandoña, A. (2009): “Can corporate social responsibility help to understand the financial crisis?”, IESE Business School, University of Navarra, March 2009, Research Document DI-790.
Díaz, R. (2012) Corporate social responsibility and ethics in business. Recovered from:
Sasia, PM and De la Cruz, C. (2008), “Ethical banking and citizenship”, Editorial Trotta, 2008.
López Jimenez, JM (2009): An ethical financial system? Legal news
Aranzadi number 784/2009. Editorial Aranzadi
Serrano, YFP, Niño, OG, Gómez, AG, & Ramírez, OAM (2014). Evolution of corporate social responsibility and experience in the financial sector. Magazine Temas, (8), 249-260.
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