LSP500 - Ethics and Social Responsibility

Outline info
Last revision date 2018-09-24 01:00:04.014
Last review date 2018-11-05 09:56:43.016

Subject Title
Ethics and Social Responsibility

Subject Description
Ethics or moral philosophy is the philosophical exploration and consideration of the values and principles we use to make moral judgments. Thus, answers to the fundamental questions of ethics provide guidelines for how we should lead our lives. This course will introduce students to the major ethical theories and consider the practical implications and applications of these theories for conduct in the business world.

Credit Status
LSP500 is a compulsory course for the Financial Services Management Degree Program.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

1. Engage in conceptual analysis of case studies
2. Apply classical and contemporary moral theories in evaluating controversial moral issues such as the distribution of wealth and power, preferential hiring, harassment in the workplace, etc...
3. Construct arguments in support of a thesis/belief
4. Synthesize conflicting and complimentary views
5. Critically engage in complex arguments
6. Formulate thoughtful responses to various moral issues

Academic Integrity
Seneca upholds a learning community that values academic integrity, honesty, fairness, trust, respect, responsibility and courage. These values enhance Seneca's commitment to deliver high-quality education and teaching excellence, while supporting a positive learning environment. Ensure that you are aware of Seneca's Academic Integrity Policy which can be found at: Review section 2 of the policy for details regarding approaches to supporting integrity. Section 2.3 and Appendix B of the policy describe various sanctions that can be applied, if there is suspected academic misconduct (e.g., contract cheating, cheating, falsification, impersonation or plagiarism).

Please visit the Academic Integrity website to understand and learn more about how to prepare and submit work so that it supports academic integrity, and to avoid academic misconduct.

All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Accessibility Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.

ENG106 or equivalent.

Topic Outline
Moral Theory                                                 

  • Utilitarianism
  • Immanuel Kant
  • Aristotle (Virtue Ethics)
  • Nature of Pleasure
  • What is the Good Life?
  • Personal Responsibility
  • Corporate Responsibility
Practical Applications
  • Nature of the Corporation
  • Corporate Loyalty
  • Stockholders & Stakeholders
  • Corporations & the Environment


Mode of Instruction

A combination of teaching methods will be utilized which may include lectures, case studies, discussions, group and individual work.

Prescribed Texts
Title: Business Ethics: A Managerial Approach
Author: Andrew Wicks, R. Edward Freeman, Patricia H. Werhane, Kirsten E. Martin
Publisher: Pearson
ISBN: 9780131427921

updated Term 2154, March 2015

Reference Material

Promotion Policy

Grading Policy
A+ 90%  to  100%
A 80%  to  89%
B+ 75%  to  79%
B 70%  to  74%
C+ 65%  to  69%
C 60%  to  64%
D+ 55%  to  59%
D 50%  to  54%
F 0%    to  49% (Not a Pass)
EXC Excellent
SAT Satisfactory
UNSAT Unsatisfactory

For further information, see a copy of the Academic Policy, available online ( or at Seneca's Registrar's Offices.

Modes of Evaluation
Assignments are due on the dates specified. Should extenuating circumstances arise, please contact your instructor prior to the assignment due date so that an appropriate course of action can be established. Late assignments may be subject to a penalty of up to 10% per week and will not generally be accepted beyond two weeks from the due date.

In cases of cheating or plagiarism, the College Academic Policy will prevail. Please ensure that all assignments and reports are properly documented.

Students are referred to the following website for Seneca College Library style guides, Academic Honesty Policy and Copyright guidelines:


Dates for evaluations are specified in the weekly schedule addendum to this outline. The evaluation process may include, but is not limited to, tests, exams, assignments or presentations. Any absences or missed submissions due to medical or other reasons must be supported by medical or other appropriate documentation within one (1) week of the due date. The faculty and program area must be notified immediately in the event of a missed evaluation. Upon acceptance of the documentation, the weighting of the missed deliverable will normally be applied to the final exam.

English Competency

The ability to communicate effectively is essential for success in business. Therefore, you must demonstrate English competency in this subject in both oral and written work. Ensure your written work includes correct sentence structure, spelling and punctuation. Always spell check, edit and proofread your work.

Grading is based on the following marking scheme:


Term Test 20%
Quizzes 25%
In Class Case 10%
Group Presentation 15%
Final Examination 30%
Evaluation is based on correct language usage, organization and mastery of the subject at a post- secondary level.  Students are expected to learn professional standards of performance in the subject areas, therefore tests and assignments will be graded on that basis.  In recognition of the significance of exceptional communication skills in the workplace, marks are deducted for language errors on all tests and exams.  A student can be failed on the basis of language errors alone.

Please retain this subject outline document for future educational and/or employment use.

Program Coordinator
Cynthia Duncan

Approved by: Academic Program Manager - Business Studies Danielle Mercier