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Corporate Governance and Ethics
Finance & Accounting
Pages 14 (3514 words)
Corporate Governance and Ethics Executive Summary This report primarily involves the analysis of business ethics, corporate governance and moral code of conduct followed within an organization. The study is based on the cases of the company which highlights different issues which came into limelight in different time period.
In addition to that it also explains the causes of failure of the leaders of GSK in preventing ethical issues related to integrity failures. Task 2 explains bribery as an ethical issue particularly for companies undertaking international business. It also investigates the ethical and moral issues of bribery and the difficulties that cultural relativism introduces to business ethics. And finally task 2 comments on the steps that GSK should take in order to prevent future ethical dilemmas and reputational damage from perceived failures of ethical and moral conduct. Table of Contents Table of Contents 3 Introduction 4 PART A 4 PART B 7 Conclusion 10 Works Cited 11 Name of the Student Name of the Professor Course Number Date Introduction “The primary and only responsibility of business is to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game” - Milton Friedman (37) Ethics is a critical factor in the field of corporate governance and henceforth to the performance of a corporation. It can be associated in two different ways via ethical values and assumptions that support a specified regime or code of corporate governance. ...
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