Business/Professional Ethics Directors/Executives/Acct
8th Edition
ISBN: 9781337485913
Author: BROOKS
Publisher: Cengage
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When a corporation is dissolved due to fraud, graft, and corruption, can innocent employees and stockholders have claims over the asset of the corporation after satisfying all its liabilities?
Why are corporations more difficult to form and subject to more government restrictions than the other forms of business organizations?
What if the chairman and president of the corporation are not around, and the bylaws did not provide as to who shall preside meetings. Will anyone be able to temporary preside at meetings?
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- What would happen to the corporation if it failed to file by-laws? Would it dissolve the corporation?arrow_forwardHow do corporate governance ethics programs help avoid legal problems for corporations?arrow_forwardShould corporate lawyers who become aware that someone at the client corporation may have violated securities laws report their suspicions only to persons within the corporation, or should they report their concerns to the SEC?arrow_forward
- A court does not have the power to remove a director when: Multiple Choice petitioned by shareholders. it finds that the director engaged in fraudulent conduct. it finds that the director intentionally inflicted harm on the corporation. it believes removal would help the corporation operate more globally responsibly.arrow_forwardWhich of the following is not a power held by a corporation's shareholders? removal of corporate officers approval of changes in the structure of the corporation veto of the sale of substantial corporate assets election of the corporation's board of directorsarrow_forwardControversy tends to surround the topic of whistleblowers. For example, should they be considered heroes or traitors? Many pro-whistleblowing policies have been enacted by the federal government to allow these individuals to reap significant monetary rewards for coming forward and giving information about behaviors and actions such as corporate fraud and unethical deeds. Many corporate whistleblowers face negative consequences of their actions, such as reassignment, revenge, and hate crimes, and are seen as traitors (e.g., Edward Snowden and Gina Gray). Yet Sherron Watkins and Cynthia Cooper were celebrated as heroes. Look up the stories of Sherron Watkins and Cynthia Cooper. Why do you think that some whistleblowers are vilified and others made to be heroes?arrow_forward
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