Question

In: Finance

What are the basic causes of group misconduct? What are the basic cures for group misconduct?

  1. What are the basic causes of group misconduct?
  2. What are the basic cures for group misconduct?

Solutions

Expert Solution

Causes of Group Misconduct:

1. Narrow focus: short term focus or primarily focus on insiders.

2. Failure of leadership: Leaders are not having sufficient oversight and control over the group which lead to group misconduct.

3. Dilution of personal responsibility in groups: in groups few people start avoiding their responsibilities and this dilution leads other to follow his footsteps which lead to group misconduct.

4. Organizational process, culture and structure: Sometime organization itself is responsible for the group misconduct due to wrong process, culture and structure in place.

Cures for group misconduct:

1. Develop a ethical culture in organization which will lead to good group and ethics and minimize the risk of group misconduct.

2. Meaningful oversight: Oversight of group activity is very important it is one of the best technique to reduce group misconduct at very early stage.

3. Take personal responsibility and be a leader so that one can set a best example which can be followed by other in group and chances of misconduct can be minimized or eliminated.

4. Broaden Focus: Organization focus should be long term and cover all stakeholders so that we can minimize the group misconduct.


Related Solutions

What are the types of Cancers and their cures? What are the survival rate? What countries...
What are the types of Cancers and their cures? What are the survival rate? What countries are most affected by cancer?
The misconduct standard included in the CFA Standards: Group of answer choices(E/G) A.may be applied whether...
The misconduct standard included in the CFA Standards: Group of answer choices(E/G) A.may be applied whether or not the member breaks government legislation B.can only be applied when the member breaks government legislation C.can only be applied when the member has not breached government legislation D.includes actions which damages the reputation of the CFA profession where deliberately undertaken E.may be applied whether or not the member breaks government legislation and includes actions which damage the reputation of the CFA profession...
What are the basic assumption of human being according to Cognitive Counselling Approach? Discuss the causes...
What are the basic assumption of human being according to Cognitive Counselling Approach? Discuss the causes of employees with problems according to this theory. Explain with examples the counselling steps and process in helping an employee with problem using Humanistic Counselling Theory
Health IT legislation includes: - 21st Century Cures Act (Cures Act) - Medicare Access and CHIP...
Health IT legislation includes: - 21st Century Cures Act (Cures Act) - Medicare Access and CHIP Reauthorization Act (MACRA) of 2015 - Health Information Technology for Economic and Clinical Health Act (HITECH) of 2009 - Section 618 of the Food and Drug Administration Safety and Innovation Act (FDASIA) of 2012, - Health Insurance Portability and Accountability Act (HIPAA) of 1996 - Affordable Care Act of 2010 (ACA) These are the main regulations that govern health IT. Discuss the pros and...
As a group of engineers with basic Visual Basic skills, you are asked to provide your...
As a group of engineers with basic Visual Basic skills, you are asked to provide your client with a user-friendly macro-enabled Excel spreadsheet that can be used to calculate the deflection and bending moment of a simply supported beam and a cantilever beam. The spreadsheet will provide a user-friendly interface to allow the client to: i) define the type of beam (i.e. a simply supported beam or a cantilever beam); ii) define cross sectional properties of a given beam structure;...
What is corporate misconduct and what are some examples from businesses or individuals? Also can give...
What is corporate misconduct and what are some examples from businesses or individuals? Also can give stats on corporate misconduct.
Does the Media help or hurt Corporate Misconduct?
Does the Media help or hurt Corporate Misconduct?
Why must Group IV be treated with (NH4)2CO3 in basic solution? What would happen if the...
Why must Group IV be treated with (NH4)2CO3 in basic solution? What would happen if the solution were acidic when the sodium carbonate was added?
What types of ethical misconduct took place at HSBC Holdings? What consequences did HSBC face as...
What types of ethical misconduct took place at HSBC Holdings? What consequences did HSBC face as a result of its ethical and illegal actions? Do you think the government’s settlement with HSBC will fix the bank’s ethical lapses? Why or why not? Reflect on this issue. What are your final thoughts? The U.S. government ordered British Bank HSBC Holdings to strengthen its anti-money laundering practices after the financial institution was caught laundering more than 800 million dollars for Mexican drug...
What types of ethical misconduct took place at HSBC Holdings? What consequences did HSBC face as...
What types of ethical misconduct took place at HSBC Holdings? What consequences did HSBC face as a result of its ethical and illegal actions? Do you think the government’s settlement with HSBC will fix the bank’s ethical lapses? Why or why not? Reflect on this issue. What are your final thoughts? The U.S. government ordered British Bank HSBC Holdings to strengthen its anti-money laundering practices after the financial institution was caught laundering more than 800 million dollars for Mexican drug...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT