Question

In: Economics

Find an article related to business Ethics and summarize it. The article has to be a...

Find an article related to business Ethics and summarize it. The article has to be a journal article not an internet piece. Choose an article in an academic journal and answer the following questions:
What is the aim of the article
What is the method the author uses to reach the aim
What are the major findings and result in the article
Why do you think their findings are important.

Solutions

Expert Solution

Articles are about the corporate governance , organisational ethics, ethical culture creation , leadership and global business ethics.

AIM

The main postulate of corporate governance is to ensure the commitment of the board in the management of the company in a transparent manner.This is done for maximizing the long term value of the company.This helps in profits for the shareholders and the partners.

METHOD

Here the managers and the directors will use various tools and strategies to support the activities of corporate governance.There are several responsibilities in the corporate governance.They are,business ethics,brand management,invester relations,stakeholder communications,environmental affairs, corporate philanthropy.The main method used is the IFC Corporate methodology .This method is an approach to evaluate and improve the corporate governance of a company, it includes the governance attributes etc.

FINDINGS

  1. Weakness in remuneration
  2. Risk management
  3. Board practices
  4. Exercise of shareholder rights

WHY IMPORTANT?

Because shareholders have tended to be reactive rather than proactive and seldom challenge boards in sufficient number to make a difference.An ineffective monitoring by share holders has been opened both widely and it held in the companies in more concentrated ownership.The effecive enforcement of shareholder's rights is still am open issue both in systems with strong private litigation traditions and in systems with strong private litigation traditions and in systems more based on public enforcement mechanisms.


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