Added by Stats. 2003, Ch. 599, Sec. 1. Effective January 1, 2004.
This chapter shall be known and may be cited as the Social Responsibility Business Leadership Initiative Act of 2003.
Chapter 5.5 - Business Ethics
California Education Code — §§ 66350-66353
Sections (3)
Added by Stats. 2003, Ch. 599, Sec. 1. Effective January 1, 2004.
The Legislature finds and declares all of the following:
(a)Ethics in business are vital to the economic well-being of the state.
(b)Corporate malfeasance is contrary to the long-term economic viability of the state.
(c)California’s public and private higher education institutions have the opportunity to act as a catalyst in creating a new generation of elite business leaders that work to create a sustainable, ethical, and socially responsible global community.
(d)It is, therefore, the intent of the Legislature to establish the Social Responsibility Business Leadership Initiative to prepare and inspire California business graduates to apply their business skills to enhance the productivity of the state, and integrate the discipline of corporate responsibility into the general management core.
Added by Stats. 2003, Ch. 599, Sec. 1. Effective January 1, 2004.
(a)The Golden State Business and Social Responsibility Award is hereby established. The award shall honor students who complete graduate business programs at California’s public and private institutions of higher education, and show a commitment to socially responsible leadership.
(b)A participating institution of higher education may affix the seal of the Senate, the Assembly, or the Governor on the diploma or transcript of a qualifying student.
(c)A student who meets both of the following requirements shall qualify for an award:
(1)The completion of two ethics courses in business.
(2)The demonstration of a commitment to social responsibility by completing a minimum of 50 hours of community service.
(d)Institutional participation in the Golden State Business and Social Responsibility awards is voluntary. An institution of higher education shall be responsible for any costs it incurs in participating in the award program.