Sohar Paper Cores LLC is a leading supplier of paper cores within Oman and GCC countries. Mr. Marwan is one of the directors of Sohar Paper Cores LLC. Which one of the following can be followed by Mr. Marwan as this is good concept of corporate governance? O a. He should not be objective in making management decision. O b. He should not withhold any information from the stakeholders of the company. Oc He should not treat all the shareholders equitably. Od. He should not give opinion for the best interest of the company.
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- Mr. Bader is leaving the accounting practice to become the Finance Director of a client company. The ethical dilemma he is most likely to face would be a. Objectivity b. Integrity c. Professional Behavior d. ConfidentialitA non-executive director of Plumtree plc has been asked to deliver a presentation to the company's executive directors on corporate govenance in his introduction he wishes to make clear the fundamental problem that corporate governance seeks to addressThis is the problem of.A. IrreversibilityB. sustainabilityC. market failuresD. the separation of ownership and control1. Do you think that financial managers should be held to a higher standard of ethical behavior? 2. In the video on ethics and my article from the Conway Daily Sun, there were several examples of unethical behavior, Please discuss a real life example of unethical behavior either from your personal experience or from the news. What do you think can be done to change the unethical behavior, or do you think it can't be stopped?
- Mr. Bader is leaving his Auditing Firm to become the Finance Director of his client company. The ethical dilemma that he is most likely to face would be conflict in: a. Confidentiality b. Due Care c. Professional Competence d. Professional BehaviorMr. Coco Knot is a company accountant and is confused about the ethical conduct that should be followed by him as he is facing a particular dilemma. Please explain to him what he should do and give justifications. ‘My company turns a blind eye to fiddling expenses’ - Coco Knot THE DILEMMA I am a company accountant and I feel uncomfortable that my company seems to turn a blind eye to some employees fiddling expenses. I raised it initially with the employees and then with the financial director, who said that she would rather not confront the employees as they are high-performing sales executives.Which of the following are true statements on the principal-agent problem between corporate managers and shareholders: O Owners can ensure that the managers are actng as desired O Corporate governance will resolve the problem with certainty O There may be considerable leeway for owners to serve their own interests Managers usually have better information than owners This process is banned on the stock market There may be considerable leeway for managers to serve their own interests There is no other way for companies to raise money It relates to the business model
- 1. How is hiring the “next generation” of Chinese elites different from practices here in North America. Is it the same as Clinton’s daughter securing a job at a hedge fund company? 2. What are some of the moral principles involves here and what are some of the consequences of this practice? How does any company stay competitive if others choose to conduct unethical business practices?Which of the following is/are true? 1: The board of directors has the power to act on behalf of the shareholders to hire and fire the operating management of the firm. In a legal sense, the directors are "principals" and the shareholders are "agents". II: The goal of financial managers does not imply that illegal or unethical actions should be taken in the hope of increasing the value of the the firm. III: IBEC Inc. of Toronto spends approximately $2 million annually to hire auditors to go over the firm's financial statements. This is an example of an indirect agency cost. IV: The triple bottom line is defined as a company's commitment to operate in an economically, socially and environmentally sustainable manner a. b. II, III and IV c. I, II and IV d. III and IV I, II, III and IV e. II and IVManagers of corporations need to act in an ethical manner O because ethical behavior is its own justification. O because a business must be trusted by investors, customer and the public if it is to succeed. O because business managers must answer to a higher authority. O because ethics violations will be punished by the law.
- Mr. Asim is an Accounts Officer in Atlas Industries LLC which is a popular Bicycle manufacturing company in Muscat. As an accounts officer Mr. Asim should follow all the fundamental principles of ethics related to his profession. Which one of the following acts of Mr. Asim may leads to intimidation threat? O a. He has financial or other interests. O b. He is too sympathetic to the interests of others. OC. He promotes the position of his employer. O d. He is unduly influenced by others.Which of the following nature of corporate governance damages the financial stability of the business? O a. It is structured ambiguously. Ob. It is compliant with the formal laws. Oc.it is adhering to the ethical standards. O d. It is adhering the best business practices.Ethics Codes help companies to keep a standardized way to take decisions else the decision can be biased. Unethical behaviors can damage the reputation of the company. Also if companies do not take strong measures against these then these can have a negative impact on others. The public or other stakeholders' interest can be subdued by personal interest. The impact of unethical behavior can have a long-term effect on any company's operation. Saint Leo's core values are Excellence, Community, Respect, Personal Development, Responsible Stewardship, and Integrity. Unethical behavior does not comply with any of it.