Hi Prof Sanborn,
Yes, I wholeheartedly agree that more emphasis should be placed on the Board of Directors when it comes to ethics, morals and philanthropic. Important roles of the BOD are to provide the mission, vision, goals and overall direction of the company. It is also important that recruit a CEO who poses the same work ethics and moral characteristics to implement the vision and goals of the BOD. When it comes to helping those that are less fortunate, it is important that BOD are honest and act as humanitarians and not use this as an opportunity for self-gain
Thanks for your response and follow-up question. One would assume that a sound psychological research, from which questionnaires are developed, is based on evidence to support reliability and validity in the sample population. It would be naive nonetheless, not to recognize that participants would invariably want to manage the way they appear in responding to the questions, regardless of assurances of anonymity (Hoskin, 2012). This is likely because most self-reporting questions require some degree of introspection, through which process an individual may be required to assess him or herself accurately. Because of the natural desire to manage one’s image however, the responses provided through self-report inventories are bound
The existing literature on nonprofit governance suggests board roles are widespread and varied (Brown & Guo, 2010). For example, in BoardSource (2004b) as cited by Zimmermann
The Board of Directors would be in charge of the Code of Ethics for our company and subject to its rules and regulations. We three would be the committee and I am the Ethics manager and officer. Any and all concerns should be turned in via the online program for anonymous purposes and be directly handled by our committee. The employee and all personnel for our company may still contact the Ethics Officer personally if that is the more comfortable way to deliver the ethics concerns and perceived violations. The Ethics committee would be responsible for developing and interpreting policies and
The ethical considerations for any company are highly valuable and by far the important aspect of any company or organization. The decisions that any CEO or manger would make will have a lasting and heavy impact on everyone that belongs to the organization. I do believe that any company or organization that wants to be known as a great company in the business world has to follow all regulations not only from where they operate but also within their own
Waters, Renita Apr 3 2017 2:54PM Waters.Renita March 31,2017 10:30 AM I contacted Shelly Moses the social worker at Belleville Memorial Hospital for Roosevelt Nicholson who was admitted March 30,2017. Ms. Moses stated Mr. Roosevelt was doing fine but would not be able to live on his own. Ms. Moses explained Mr. Roosevelt CT scan revealed brain shrinkage. Shelly commented the doctors feel Roosevelt needs more professional care and would not be able cook meals, pay bills, go to the store and even care for his self. Shelly stated she working on a place for Mr. Nicholson to go after he is discharge from Belleville Memorial. Shelly explained there is a family disagreement among the sister of Mr. Nicholson and his two daughters where he belong Belleville,
Many believe that business entities should have an ethical duty to be socially responsible, to work towards increasing its positive effects on society while decreasing its negative effects. Many organizations look for opportunities to be socially responsible while also creating shareholder wealth.
Ethics, ethical values, and social responsibility should all work in unison in a corporate business structure. These key traits are better defined as maintaining overall good business morals, obtaining employees who possess personal ethical values, and finally to behave ethically and with sensitivity toward social, cultural, economic and environmental issues. For a business to better ensure these quality business traits a code of ethics should be adopted by the business. In the cases of Bernie Madoff and Enron, the most well-known financial scandals in history, I feel, gave a major hand in pushing business all across America to have and enforce the code of ethics.
Nonprofits are made up of key team players that contribute to all of the work that goes into making the organization a success. Without members who don’t align with the core values, mission, and ethical practices of a nonprofit it cannot produce the outcomes it desires. A governing board is the group of people entrusted with and accountable for the leadership and governance of a nonprofit corporation (Renz, p. 127). This board holds the accountability and trust for the community and clients it serves. The importance of these members and their actions for the organizations they work for contribute to the success and good work it produces for the community they serve. Stated on p. 136 by David O. Renz “Nonprofits exist to meet community needs, and it is important for the board to be well connected to both sets of clients so it can make legitimate and useful judgments about whether the organization’s programs and activities are valued by those they are designed to serve,” exemplifies how nonprofits practice ethics through their
Business ethics are more than just words used to improve the image of a corporation; they are the very foundation of success. Business ethics should be applied at every moment the business has its doors open. According to chron.com, the term "stakeholder" covers a huge range of groups that have an interest in the organization. An interest does not have to be a formal relationship where the other party receives financial compensation or a product, but an informal relationship with someone who could be affected by the business. For example, a citizen who does not buy a company?s product or its shares can still be a stakeholder because the business?s actions affect his community. By employing people and paying taxes, the business?s presence could indirectly benefit
In large corporations the success or failure of the company is the responsibility of the board of directors. According to Richard DeGeorge, “The members of the board are responsible to the shareholders for the selection of honest, effective managers, and especially for the selection for the CEO and of the president of the corporation.” (p. 202). The board members have a moral responsibility to ensure the corporation is run honestly, in respect to its major policies, and to ensure the interests of the shareholders are satisfied. The next responsibility within a corporation is the responsibility management has to its board of directors. DeGeorge writes, “It must inform the board of its actions, the decisions it makes or the decisions to be made, the financial condition of the firm, its successes and failures, and the like.” (p. 202). The management of the corporation is morally obligated to
1- Appreciation of the importance and role that ethics and ethical guidelines bring to the organization through education is an important first step to fully engage board members in this framework-building process. As mentioned above, at the organizational level we have responsibilities to our hospitals, communities and other stakeholders so that we serve in their best interests. To do this we must be adequately informed; avoid conflicts of interest; make decisions fairly, objectively and transparently; mitigate risks; and properly account for financial accounting, all within ethical ‘best practices’2. There are many on-line resources
Poor performance or questionable ethics can get anyone fired from their job and a board chair is no different. In Susan’s context she took advantage of her position and proposed an immoral action. The chair of a board of directors is often a well-regarded member and who is expected to be honest and not take advantage of their
The Board of Directors are an executive subculture as they are the hierarchy of a higher education institution. They maintain control and financial stability/profit, and are responsible for the survival and growth of the institution. In for-profit universities, this group also includes the shareholders that play a large role in the running/management of the
People often question whether corporate boards matter because their day-today impact is difficult to observe. But, when things go wrong, they can become the center of attention. Certainly this was true of the Enron, Worldcom, and Parmalat scandals. The directors of Enron and Worldcom, in particular, were held liable for the fraud that occurred: Enron directors had to pay $168 million to investor plaintiffs, of which $13 million was out of pocket (not covered by insurance); and Worldcom directors had to pay $36 million, of which $18 million was out of pocket. As a consequence of these scandals and ongoing concerns about corporate governance, boards have been at the center of the policy
There are several problems that can we seen in business ethics. “Discussions of the role of the corporation in society and the very purpose of a corporation as a social institution are examples. It is not disputed that the purpose of a for-profit corporation is to make a profit for stockholder, but there has been an intense debate about whether maximizing stockholder profits is the sole legitimate purpose of corporations” as Milton Friedman and other have argued and whether beneficent corporate conduct is justifiable. This question is normative, but there is also the question of moral psychology raised by Smith: “Does beneficence have any place in the world of business?” An example is found in public utilities’ program to help customers pay for electricity, gas, oil, phone service, and the like. This attitude not only won’t increase the company profits but reduce. In fact, this is a corporate form of charity. The money is taken directly