Ethics Case 3-3: United Thermostatic Controls Case

This paper provides an in-depth evaluation of Sarbanes-Oxley Act, which is said to be promoted to produce change in the corporate environment, in general, by stressing issues of public accountability and disclosure in the financial operations of business. It explains how this is an Act that represents the government's and the Security and Exchange Commission's concern in promoting ethical standards in terms of financial disclosure in the corporate environment.

Corporate governance can be referred to the rules, processes, or laws by which businesses are operated, regulated and controlled. It can also refer to internal factors defined by the officers, stockholders or constitution of a corporation. After finding the meaning of Corporate governance, which can also be referred to corporate responsibility, I thought about the policies in which the company I work for have. I work for Northrop Grumman, which is one of the leaders in global security.

Corporate governance is a set of actions used to handle the relationship between stakeholders by determining and controlling the strategic direction and performance of the organization. Corporate governance major concern is making sure that the strategic decisions are effective and that it paves the way towards strategic competitiveness. (Hitt, Ireland, Hoskisson, 2017, p. 310). In today’s corporation, the primary objective of corporate governance is to align top-level manager’s and stakeholders interest. That is why corporate governance is involved when there is a conflict of interest between with the owners, managers, and members of the board of directors (Hitt, Ireland, Hoskisson, 2017, p. 310-311).

Corporate governance can be defined as the process, customs, laws by which the affairs of a company are managed and controlled it also

Corporate governance refers to the system which is affecting the command and control of the company. (Yongqiang & Armstrong 2014) Companies can follow the corporate governance principles to ensure they have a better management when they realize the goals. It also includes the management of the funds to make sure the technology and resources dominate actually. Besides, it prevents the separation of ownership and underrun problems, and the relationship between the internal (directors, employees, owners, etc.) and external (government, suppliers, shareholders, customers, etc.) stakeholders are also a part of the corporate governance.

In the past two decades, corporate governance has attracted huge public interest because of its apparent significance for the economic health of businesses and the society. On the other hand, ethical responsibility is also an aspect that has attracted numerous concerns in the past few years. This has been fueled by the sad stories of corporate ethics and scandals that have happened in various organizations like Tyco International, Merrill Lynch, WorldCom, and Enron. Corporate governance and ethical responsibility have become important in today's business environment because of the numerous abuses of

Corporate Governance involves the balance of controls between the stakeholders, managers, and directors of the organization (Corporate Governance, 2014). It includes the rules and practises used by a company to ensure its regulations are being met. Ensuring transparency, accountability and making sure a company meets all of its obligations Pandora continues to updates its

Corporate Governance for the most part alludes to the mechanics and techniques by which organizations are controlled and guided. Corporate Governance includes keeping up the enthusiasm of the shareholders of the organization, administration, government, financers, suppliers and the group. It gives the skeleton to attaining the association 's goals.

The corporate sector constitutes a dominant part of industry. Financial sector reforms along with the development of the capital market are changing the structure of corporate financing. This has led to a separation of ownership and the management and has given rise to the issue of corporate governance, among others. Corporate governance essentially deals with the ways of governing the corporations so as to improve their financial performance. The need for governance arises mainly due

Corporate Governance is the system of rules, practices and processes in which a company is controlled and directed. “It essentially involves balancing the interests of the many stakeholders in the company.” (Investopedia). These can include shareholders, management, customers, suppliers, financiers, government and the community depending on the type of company. It provides the framework for attaining any company’s objectives. As western culture transitions into a more globalized economy, a set of standards enhancing corporate character should be evaluated. These standards are created within an organization to add long term value for the shareholders, and should be managed on a regular basis to achieve desired goals that

Corporate governance is a system that ensures companies are directed and controlled (Roberts 2016a). Boards of directors are essential for companies, because they have the obligation to governance the whole company and draw up long-term scheme to make it success (Roberts 2016a).

Corporate governance is the rules and systems, based on which a company is run. These systems are put in place to ensure that a company always runs in the best interest of its stakeholders such as shareholders, management and customers. These rules prevent managers in an organization from participating in a self-interested manner that could be damaging to the company and its stakeholders.

Corporate governance broadly refers to the mechanisms, processes and relations by which corporations are controlled and directed.

Corporate governance is the system by which companies are directed and controlled. Corporate Governance is important because it is part of the institutional infrastructure (laws, regulations, institutions and enforcement mechanisms) underlying sound economic performance.

Corporate governance broadly refers to the mechanisms, processes and relations by which corporations are controlled and directed. Corporate governance has also been more narrowly defined as "a system of law and sound approaches by which corporations are directed and controlled focusing on the internal and external corporate structures with the intention of monitoring the actions of management and directors and thereby, mitigating agency risks which may stem from the misdeeds of corporate officers. Governance structures and principles identify the distribution of rights and responsibilities among different participants in the corporation