Using the internet, research and analyze a case involving ethical issues surroun
ID: 327267 • Letter: U
Question
Using the internet, research and analyze a case involving ethical issues surrounding corporate governance from a global position. A common example may be where a corporate board of directors breached one or more duties, such as the duty of loyalty to its shareholders, although there are many other areas where business ethics are at the center of a case that originated at the governance level of an organization.
Briefly describe the facts of the case briefly and the legal issue. Also, discuss the effect of the case from a global business perspective and on society in general.
Incorporate the legal terminology from your textbook where appropriate in both your original post and in your responses to your classmates. Use academic or legitimate news sources, such as The New York Times, the Los Angeles Times,The Washington Post, CNN, MSNBC, Fox...
Explanation / Answer
Mr. M is the director of the organization ABC. Being the director of the organization he holds some rights as well as some duties towards the share holders. The director denied the request of the share holder to get the information about the financial statement of the organization or his reference. This activity can be considered as an unethical activity which breached his duty of loyalty, through not providing the information required. This practice of the director is also legally liable. The share holders are having the right to gather financial information about the organization and denying this can be liable.
When considering these issues, the unethical business practices can impact the global business practices negatively. The unethical or the immoral practices in the organizations like the mentioned example can ruin the interest of the share holders to continue with the organization and the trust worthiness is ruined which can impact the business practices negatively.
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