Corporate Governance and Business Ethics Case Study

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†¦This is ethical means to still show some benefit to the client and not yielding to the un- reasonable demands. If the purchasing manager is till adamant about pursuing the previous offer there is no point in going ahead with this client. 4. References: A large, prospective client calls you and asks about a competitors reputation. One of your long time customers had a very bad experience with this competitor. What information do you share with the prospect? How do you respond to the prospect call? Answer: Ethical dilemma: The purpose of the client in asking this question is not clear. He may want to judge my company/values on basis of my response to this question. Most probably the prospective client is already aware of the reputation of that competitor. Bad mouthing a competitor is not ethical and also putting the competitor down and hence trying to enhance ones companies image is as well not the right thing to do. Divulging information that my existing- long- time client has shared with me, to an outsider (the person is only a prospective client) would not be fair. But the catch here is that if I say all/only pleasant things about my competitor the prospective client may have doubts about doing business with myShow MoreRelatedCase Studies of Business Ethics Corporate Governance3354 Words   |  14 PagesAn Assignment of Business Ethics amp; Corporate Governance CASE STUDIES Module I BHOPAL GAS TRAGEDY December 3, 2009, marked the 25th anniversary of the worlds worst ever industrial disaster - the gas leak that occurred at Union Carbide India Ltds (UCIL) pesticide plant in Bhopal (Madhya Pradesh, India). The tragedy that instantly killed more than 3,000 people and left thousands injured and affected for life, occurred when water entered Methyl Isocyanate (MIC) storage tank No. 610Read MoreWhat Must Be Done to Improve Ethics in Finance and Corporate Governance?1211 Words   |  5 PagesU10A2- 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 companyRead MoreBusiness Ethics And Corporate And Management Strategies Essay876 Words   |  4 PagesIntroduction- An Overview It is a viable alternative to apply CSR in Corporate and management strategies to outclass competing companies. An organization by carrying out its ethical principles and convictions in their activities and propagating them via organizational network influences the relationship with shareholders, clients and employees. The application of CSR can lead to social benefits and legitimacy for the firm since it can consider itself as a coalition in which the different stakeholdersRead MoreCorporate Social Responsibility Of The International Organization1562 Words   |  7 PagesCorporate Social Responsibility as taken precedence in the way in which business operates, and now the focus is to hold businesses ‘ accountable’, which is defined by (Keohane, 2006), as a implementation or rules and exercising of power, within a particular domain, cited in How FIFA can be held accountable? Example, of such is the issues surrounding the governance is within FIFA, and holding them acco untable for the governance of football and the issues surrounding the international organizationRead More: Critically Evaluate Corporate Social Responsibility as an Ethical Tool Basing Some of Your Argument on the Toyota Case Study1711 Words   |  7 PagesWhat Corporate Social Responsibility is Corporate Social Responsibility can be defined has an obligation beyond that required law and economics , for a firm to purse long term goals that are good for the society. This entails the continuing commitment by business to behave ethically and contribute to economic development while improving quality of the workforce and their families as well as that of the local community and society at large. Bhatia (2004) defined corporate social responsibility asRead MoreCase Study : Ethics Applied1548 Words   |  7 Pagesthe Nortel Case Study. After a brief introductory discussion of the Nortel Case, a greater understanding of the ethical ramifications of the situation will be facilitated by answering five key questions. Nortel Case Study: Ethics Applied Introduction: Over the last two decades the business world has been rocked by several prominent business scandals such as Enron, WorldCom and Goldman Sachs. Business scandals are not some new phenomena; but with the increasingly global nature of business and industryRead MoreInformation technology for managers1289 Words   |  6 Pages and Japan. Locate your local office at: international.cengage.com/region Cengage Learning products are represented in Canada by Nelson Education, Ltd. For your lifelong learning solutions, visit www.cengage.com/coursetechnology Visit our corporate website at www.cengage.com Microsoft, Windows 95, Windows 98, Windows 2000, Windows XP, and Windows Vista are registered trademarks of Microsoft ® Corporation. Some of the product names and company names used in this book have been used for identificationRead MoreFinancial Management And Corporate Social Responsibility1216 Words   |  5 PagesIntroduction With constant changes in the business world these days as well as the significant growth of organization, there are such key concerns on not only the issue of financial management or corporate social responsibility, but also the importance of ethics and governance, in which how an organization manages its business acting in the best interests of public and stakeholders. Indeed, there has been several of the failure of governance, fraud or bankrupt of large scale organizations in recentRead MoreBusiness Operations: Financial Issues1854 Words   |  7 Pages Business operations: Financial issues Introduction The problem to be investigated was the outcome of the ethical dilemma that occurred within the business circle leading to the violation of financial regulations and consequently eroded the confidence of shareholders on the U.S capital market. Examples of the violation of financial regulations were Enron, WorldCom and Lehman Brothers scandals that led to the collapse of the three companies. To restore the public confidence of the U.S capitalRead MoreLegal And Regulatory Environments And Ethics1712 Words   |  7 PagesRegulatory Environments and Ethics: Essential Components of a Fraud and Forensic Accounting Curriculum Forensic accounting is defined as the action of identifying, recording, settling, extracting, sorting, reporting, and verifying past financial data or other accounting activities for settling current or prospective legal disputes or using such past financial data for projecting future financial data to settle legal disputes. Forensic accountant are very important part of the business for the expert services