Got a tricky question? Receive an answer from students like you! Try us!

Discussion Questions( corporate governance& ethics) - Essay Example

Only on StudentShare
Undergraduate
Author : kayliwolff
Essay
Miscellaneous
Pages 8 (2008 words)

Summary

The popular Capitalistic interpretation of business is extended in terms of profits and stock prices merely. Infact such shallow notions about business severely undermine the importance and contribution of business in the social and economic life. As any other field of endeavor, businesses do require ethics and values (Ferrell, Fraedrich and Ferrell, 2008: 18)…

Extract of sample
Discussion Questions( corporate governance& ethics)


Businesses subscribing to ethical behavior tend to gain tangible rewards in the sense that ethics not only portray any brand as being clean and above board, but they also streamline and organize the internal functioning of the businesses. Considering the contemporary business environment defined by a cut throat competition, ethical credentials endow businesses with sound and reliable USPs that eventually translate into an enhanced market share and big profits. Affiliation to credible ethics makes the consumers and the investors feel positive about any business and bolster its public perception as a business that is trustworthy and reliable.
Respect for law, caring for environment, being punctual with customer care, being transparent and accessible are not mere pies in the sky, but are the very fundamentals that form the bedrock of any sustainable and profitable business. Market share, investor trust and brand appeal is primarily about perceptions and commitment to ethics influences the perception about any business with the consumers and the investors. Sound ethics endow any business with a strong brand appeal and investor's interest.
Hence the businesses that subscribe to ethics stand to gain much in the long run. Allegiance to ethics always has a direct positive influence on the public perception, brand appeal, stock prices and market share. ...
Download paper

Related Essays

Corporate governance .
They endorse organization plan, come up with directional policy, appoint supervise and pay senior executives they sure transparency of the firm to its authorities and owners. (McCahery, Moreland, Reinboag, Raaijmakers. 2002, 2)…
12 pages (3012 words)
Discussion Questions( corporate governance& ethics) Essay
Such a leadership style inevitably has a positive impact on the people.…
5 pages (1255 words)
Corporate Strategy and Corporate Governance
Corporate governance is simply a term used for the way that companies (corporate) are run and operated (governed). As stated by Colley et al. (2004) there have been a number of definitions for corporate governance, though, it implies as a misunderstanding of companies and the procedures practiced for the assurance of business proceedings preventing the benefit of involved groups such as the investors. It characteristically centers to alleviate the agency predicaments which may occur whilst possession and administration of the business is divided. Such problems can be diminished by means of…
17 pages (4267 words)
Does Corporate Governance Work?
Karamanou and Vafeas (2005) narrow the definition of corporate governance to the task of monitoring the performance of an employee. On the other hand, increasing its extent and scope, corporate governance is described a broad based set of principles and practices through which shareholders control the directors of the company. Moreover, the “Combined Code of Corporate Governance” introduced by the London Stock Exchanges defines the purpose of corporate governance as to “facilitate efficient, effective, and entrepreneurial management that can deliver shareholder value over long term”…
16 pages (4016 words)
Corporate Financial Management ( CORPORATE GOVERNANCE)
firms reflected on the inability of the managers to ensure that the overall governance mechanism was well placed within the organizations to ensure their stability and compliance with the rules and regulations. Thus normally, the focus is on the managers for corporate governance ignoring the fact that there are various power structures as well as stakeholders within the organization who can effectively dominate the corporate governance process. The role of institutional investors as well as active shareholders has therefore become more prominent after the collapse of large institutions and now…
10 pages (2510 words)
corporate governance and business ethics
There are certain commonly accepted principles pertaining to corporate governance. They are respecting and encouraging the shareholder rights, protecting the interests of all stakeholders, performing the board’s responsibilities properly, following integrity and ethics, and having transparency in transactions.…
20 pages (5020 words)