In: Economics
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.
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
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.