Corporate Governance and Business Ethics Case Study Essay

Words: 2174

Pages: 9

Open Document

ASSIGNMENT NO.1
Subject: CORPORATE GOVERNANCE

Topic: Business Ethics scenario Case Study

Date: 7th March 2011

Submitted by:
Miss. Janhavi R Joshi

Submitted to:
Professor Mrs. Monica Khanna

1. Receiving a Holiday Gift:
A supplier sends a basket of expensive foodstuffs to your home at
Christmas with a card: "We hope you and your family enjoy the
'goodies.'". What action(s) might you want to take?
Answer:
Ethical dilemma: There are two reasons for such generosity from the Supplier. One could be that there is a long standing relationship with the supplier, and therefore the supplier is genuinely sending these gifts with no other intention than Christmas greetings. But the second reason and the most likely one is that …show more content…
• In business scenario when one company is trying to pull the other down by hook or by crook, it is difficult to be honest about the competitor’s actual reputation. But with a prospective client at stake I have to take care that I play a wise game of words. I have to try to cleverly tell the truth but also emphasize my company’s competitive strengths as compared to the competitor in the process.
Final decision: In such a situation it is better that I begin with the competitor’s actual position in the market in terms of services and products. The answer I would give will be very diplomatic but at the same time not even hinting that I am trying to degrade that competitor. Not only such an answer re-enforces the integrity of me as an individual/employee but also creates a positive image of the business ethics of the company. E.g.: I am the senior manager of Vodafone and my prospective customer asks me about the reputation of my close competitor Airtel. My answer would be “Sir,

What Must Be Done to Improve Ethics in Finance and Corporate Governance? Essays

U10A2- Essay Louise Pettiford What must be done to improve ethics in finance and corporate governance? Corporate governance can be referred to the rules, processes, or laws by which businesses are operated, regulated and controlled. It can also refer to internal factors defined by the officers, stockholders or constitution of a corporation. After finding the meaning of Corporate governance, which can also be referred to corporate responsibility, I thought about the policies in which the company…

Words 1190 - Pages 5

How Corporate Social Responsibility Increase The Financial Performance

Abstract Recently, corporate social responsibility has been a heated topic in many perspectives. Some believe that taking corporate social responsibility into account is beneficial to a company’s financial performance sustainably instead of traditional short-term benefit approaches. Moreover, more and more people claim that it is crucial to develop the sense of social responsibility. In this essay, I will explain how corporate social responsibility increase the financial performance by analyzing…

Words 2234 - Pages 9

Business Ethics and Corporate Governance Essay

Corporate Governance: The international journal of business in society Managing legitimacy issues in global supply chains: the case of the athletic footwear industry André Nijhof Dai Forterre Ronald Jeurissen Article information: To cite this document: André Nijhof Dai Forterre Ronald Jeurissen, (2008),"Managing legitimacy issues in global supply chains: the case of the athletic footwear industry", Corporate Governance: The international journal of business in society, Vol. 8 Iss 4 pp. 506 - 517…

Words 7850 - Pages 32

Ethics Paper5

essential to the progress of all individuals and of any nation. Ethical values are crucial to the functioning of all business in general and society as a whole. Business and society depend on individuals making personal ethical decisions that are fundamental to responsible business operations and to an orderly society. "The purpose of ethics in accounting and business is to direct business men and women to abide by a code of conduct that facilities public confidences in their product and services" (Dr…

Words 833 - Pages 4

module 1 Essay

1- Philosophical ethics is a branch of philosophy, which involves the systematic defense and recommendation of concepts regarding that, which is right or wrong. Philosophical ethics often address issues that pertain to the moral conduct of individuals within a given group or profession. Ethics and aesthetics are contained in the axiology branch of philosophy. Philosophical ethics aid in the establishment of the best manner in which humans should live and the type of actions that are deemed right…

Words 2251 - Pages 10

Essay about Memo to Congress

MEMO: To Congress Business ethics is one of the greatest issues in the United States that accompanies a very large area of grey zones and questions. The government and individuals have been concerned and trying to implement the correct policies to better business ethics. In the early 2000’s the Enron company became of the of the biggest business ethics scandals ever seen. This huge case brought in many ideas to reform business ethics, though we still see many problems in todays economy. There…

Words 2390 - Pages 10

Essay on Assignment: Corporation and James Hardie

Australian School of Business School of Taxation and Business Law TABL 5541 ASSIGNMENT COVER SHEET Please staple this coversheet to the front of each submitted assignment Fill in all details on this form First Name: _______Kangyi_______ Last Name: _______Zhao_______ **Must be your officially enrolled name, not a nickname** Student Number: _______z3455041_______ Word Count: ______2153___________ Official E-Mail Address: _______z3455041@zmail.unsw.edu.au_______ Subject: TABL…

Words 2365 - Pages 10

Corporate Governance in Banking Sector of Bangladesh Essay

of the corporate governance into forefront of the policy discussions. In an increasingly deregulated policy environment, the big corporate failures have raised the need for implementing competent corporate governance practices. The recent financial crises in different countries have verified how the lack of good governance practices in the financial institutions can lead to a crisis in the system leaving long-term consequences to the. Among the financial institutions, the corporate governance…

Words 16145 - Pages 65

The Sarbanes-Oxley Act: An Ethical Perspective

............................5 The Value in Context ..........................................................................8 Financial Reporting ............................................................................8 Improvement in Corporate Governance Effectiveness ........................8 Financial Statements and Reduction of Fraud .....................................9 A Template for Private and Non-Profit Businesses ..............................9 Improvement in Liquidity ..........…

Words 8824 - Pages 36

Corporate Social Responsibility Essay

Sze Q2. 1. What are the main ethical issues for Professor Ballistico? Ethics is concerned with the study of morality and the application of reason to elucidate specific rules and principles that determine right and wrong for any given situation. Some of the controversy regarding business ethics is no doubt due to different understandings of what constitutions morality or ethics in the first place. In this case, Ballistico is a professor who is conducting a research and has come to some new…

Words 1907 - Pages 8