A company or organization that lost its ' moral compass', such as Wells Fargo, WorldCom, Hollinger Inc, or Tyco, and discuss the consequences to the organization including internal and external stakeholders
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A: CORPORATE GOVERNANCE: Corporate governance refers to the process, system, and mechanism of…
Q: 2. Making ethical decisions On some occasions, whilst the Company's Code of Ethics may give you some…
A: Business ethics refers to the set of norms and fundamental principles that need to be followed when…
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A: A legal person is a person or a thing who is usually able to do legal things such as contract, own…
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Q: Who determines to what moral standard businesses should be held?
A: Individual determines the moral standard businesses that needs to be held.
Q: According to the text, are the most moral businesses always also the most successful? Explain
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Q: What would be the benefits to the company if it moved towards higher levels of corporate governance
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A company or organization that lost its ' moral compass', such as Wells Fargo, WorldCom, Hollinger Inc, or Tyco, and discuss the consequences to the organization including internal and external stakeholders
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- Imagine this scenario in which you work at a dental office and the office manager is a close friend of yours. Unfortunately, the dental office is operating in a depressed economy. You recently discovered that your friend, the office manager, is committing insurance fraud to make ends meet and to keep the dental office open. What are your professional and ethical obligations in this situation? How should you deal with the situation?What is corporate ethics, and why are they crucial?The construction industry is recognised as the most dishonest industry in the world due to its low-cost mindset, fierce competition, and razor-thin margins (Transparency International, 2005), creating the ideal atmosphere for ethical difficulties (FMI, 2004). This industry is regarded as one of the most vulnerable to unethical behaviours because of the huge capital investments required, which provide the large-scale potential for rent extraction as well as investments that are typically not repurposed after implementation. Unethical behaviour can occur at any stage of a construction project, including planning and design, pre-qualification and tendering project execution, and operation and maintenance (Adnan et al., 2012). Analyse FIVE (5) unethical issues in the construction industry. explain it briefly and include exa,mple
- The Ford Pinto was designed, manufactured, sold and supported by the Ford Motor Company in the early 1970s, or about 50 years ago. Do today's stakeholders in Ford, that is, the owners, managers, leadership, and shareholders, bear any responsibility for the actions of the company then?How do businesses protect themselves from legal and financial risks, such as liability for negligence, breach of contract, and cyberattacks?Within the context of corporate social responsibility, how can organizations strike a balance between their obligations to shareholders and their responsibilities towards society as a whole, while still achieving long-term sustainability and profitability?
- How would a stakeholder approach, if taken by the companys top leaders and board of directors, have possibly prevented the crisis?What is CSR, and why is it important?Why would a company continue to pursue illegal and/or unethical actions even after the deception has been uncovered? What policies, practices, or structures could be incorporated in a code of conduct to ensure that such deception was revealed sooner?
- Who, within an organization, is best placed to compile a CSR report? What skills do you think are necessary?What is a company’s responsibility for its impact on the climate? For example, if operations in one country contribute to rising global temperatures that lead to greater floods in another country, how should the company respond? When a company operates in countries with lower cost, what are its obligations, if any, to the workers in those countries? What standards should it meet for pay rates? You have a job that you enjoy, and you work 40 to 45 hours per week. How much off-the-job volunteer work would you do? What kinds of volunteer work? How would you react if your boss made it clear he or she wants you to cut back on the outside activities and devote more hours to your job? What are the arguments for and against the concept of corporate social responsibility? Where do you stand, and why? Give your opinions, specifically, with respect to the text examples. What is the current status of the Sarbanes-Oxley Act? What do executives think of it now? What impact has it had?How can a company’s code of conduct help safeguard against illegal and unethical actions being taken by employees when facing such pressures?