Corporate Governance and Ethics

Corporate Governance and Ethics Case Study example
Undergraduate
Case Study
Finance & Accounting
Pages 14 (3514 words)
Download 1
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…

Introduction

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. ...
Download paper
Not exactly what you need?

Related papers

Corporate governance
There is no set definition of corporate governance and mostly depends upon the specific country’s view and oversight of the issue. Generally, it is known as a system of rules and principles as to how an organization should be governed and controlled. The roots of corporate governance lie in ‘Agency Theory’, which explains the problem of principal-agent. The managers or agents are bestowed…
corporate governance
It is consisted of rules, which govern the relationships between stakeholders, shareholders and management (Ching et al, 2006). In the 1980s and early 1990s, some huge corporate scandals shocked the entire commercial world. Majority of the investors had lost their confidence over management of their investments; the entire commercial world was filled with distrust. To control this damage,…
Importance of Corporate Governance on Bank Risk Management
This paper concentrates on the application of these principles in banks and their importance in bank risk management. Corporate governance is important in banking institutions because it ensures that procedures are in adherence. Banks faces various risks which require proper planning on risk management in order to deal with them amicably (Gup 281). Corporate governance ensures equal treatment of…
Ethics, Corporate Governance and Social Responsible Investemtn
A number of other major economies have however embraced the adoption of the enabling mode of governance and rejected the mandatory corporate governance. A number of differences exist between these two systems as outlined by Anand, (2005). Mandatory corporate governance is practiced in major states of the United States, a mandatory system provides guarantee that firms in this system will have to…
Corporate Governance & Ethics
The drugs manufactured by the company targets diseases such as asthma, viruses, infectious diseases, diabetes and digestion related complications (Mathew, 2011). The drug Industry controls a significant amount of the global revenue with drugs constituting over 10% of medical cost in the United States. It is also considered as one of the fastest growing segment in the world economy with significant…
Analyse the corporate governance statement of NewsCorp
With the help of the board which ought not have less than three members, it is expected that the director of the company hold office for only a year (NewsCorp 1). The director also needs to be elected through a majority vote and must enjoy their independence. Under the guideline of the corporate governance, NewsCorp indicates that board meetings are mandatory and reviews of the previous meetings…
Ethics and Corporate Accounting Practices
It is the structure with the help of which the objectives of the company are developed and means for attaining those goals and objective and ways of monitoring them are determined. In this scenario the role of ethics is well understood. Ethics is the moral philosophy, which involves systematic study of honest obligations, agreements, values and rules (Bloxham, 2011). Ethically carrying out the…