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- What lessons can members of a board of directors take away from the Carlos Ghosn saga? What actions can boards take to limit the chance they will face a similar scandal? discuss where Nissan missed the mark and how the board can act to ensure that the firm moves appropriately in this direction. Look to the discussion of integrity-based and compliance-based approaches to ethics, and discuss how the board should use each of these approaches. Ethics can be defined as a system of right and wrong. Ethics assist individuals in deciding when an act is moral or immoral, socially desirable or not. There are many sources of ethics: religious beliefs, national and ethnic beliefs, community standards, family practices, educational experiences, and friends. Business ethics is the application of ethical standards to commercial enterprise. How would you apply any of the concepts on ethical leadership to this situation? What sort of punishment does Carlos Ghosn deserve for his actions?3. Corporate governance is driven by various factors in the companv. How can the management and directors contribute to promote effective and good governance: Is there aspecific paradigm in implementing corporate guvernance? 4. Do the benefits of practicing corporate governance outweigh its financial costs? Explain. 5. Is compliance to government regulations a sufficient indicator of corporate governance? Explain.The directors picked you. Advise them on the possible governance causes of such ethicalbehaviour by the employees of ABC Limited.
- ABC Limited directors discovered that employees colluded to overcome control systems put in place. The company lost US$2 billion through fraud and embezzlement. The directors tried all strategies in the books but failed to change the situation. After seeking legal advice, the directors were informed to engage a corporate governance expert. Required a) The directors picked you. Advise them on the possible governance causes of such ethical behaviour by the employees of ABC Limited. b) Recommend the governance strategies the board of directors can put in place to remedy the situation in the company._______ Some AIG executives were aware of thefinancial problems the company was facingand yet failed to reveal this information to thepublic.These actions taken by AIG executives werea. moral.b. normal.c. in the best interests of shareholders.d. unethical.e. in the best interests of the employees.III. Write True on the space if the statement is correct. If it is false, explain why it is so. 2. Corporate social responsibility is a business concept that focuses on measurable business value by identifying and addressing social problems that affect the business.3. Common cultural assumptions include the taken-for- granted truths that exist mostly in the unconscious level and are shared by the members of an organization as a result of their collective experience with the organization.4. Small enterprises in the Philippines require a capitalization of P3 000 000.00 and have 10 to 99 employees.
- 3. Ethics refers to A)the practice of obeying applicable business laws and regulations B) the ability to recognize a morally problematic situation C) the ability to know right from wrong and to know when you're practicing one instead of .3 the other D)a series of situations in which an individual must choose between personal interest and the interest of others. 4 .5 4. What is the price at which the quantity of goods demanded, and the quantity of goods supplied are equal .6 .8 A) The going rate B) The margin rates C) The market price D) The optimum priceAmerican Express established a consulting program that sent expert teams of employees into nonprofits to solve organizational problems. This can be considered an example of: (CSLO 7) A. An in-kind contribution. B. Skills-based volunteerism. C. Community-based philanthropy. D. Organizational support. Which of these statements is (are) true regarding the general public? (CSLO 4, 7) A. They deal with businesses through an economic exchange. B. This organizational stakeholder consists of individuals and groups found in society . C. They are unable to influence a firm's reputation. D. All of the above.3. Steps of Stakeholder engagement and explain each one of them. 4. How to develop CSR commitments and enumerate the general steps of CSR commitments 5. What is the impact of business ethics to society in general? 6. Why is there a special need for Ethical Behavior by Professionals? 7. Explain whether the following statement is true or false. "Responsiveness usually results to effectiveness and efficiency". 8. Explain how business managers could act ethically 9. If you are a CEO, how can you handle politics within your organization?
- You have recently obtained employment at RL Ltd. The manager of this successful medium sized business enterprise is keen to implement and formalize some ethical practices in the business. She asks you and your team provide detailed overview about a current ethical issue(s) which affects any well-known company of your choice. Required: Research and report on the unethical issue/s affecting the company Examine how the unethical issue/s has impacted the business Examine the company's ethical code of conduct or a statement of corporate social responsibility. To what extent is it following the code? Make recommendations on how the company could resolve the unethical issue/e and also how they can also improve the ethics of its operations.3. As a newly appointed Chief Ethics Officer of a major corporation in Ghana, make a presentation to the Board of Directors explaining six (6) reasons on the need to develop a Code of Ethics.a- Briefly discuss relevance of ‘ corporate social responsibility’ in the context of reasonability of a public joint stock towards its shareholders for maximizing shareholders’ b- Analyse principles enshrined in “Carroll’s pyramid” and ‘triple bottom lines’.