CHAPTER 1 INTRODUCTION BACKGROUND There are a number of positive developments in the economy since the introduction of foreign currency (multi currency system)‚ which if sustained‚ will spearhead economic recovery in the short to medium term horizon. These developments included the introduction of the multi currency system and the liberalization of the exchange control‚ the formation of government of national unity (GNU) and the engagement with multilateral institutions and the donor community
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The Perfect Storm of Leaders’ Unethical Behavior: A Conceptual Framework Diane J. Chandler Regent University School of Divinity‚ United States Unethical behavior of leaders has consequences for leaders themselves‚ followers‚ and their respective organizations. After defining relevant terms including ethics‚ morality‚ and ethical and unethical leadership‚ a conceptual framework for the unethical behavior of leaders is proposed‚ which includes the three “perfect storm” dimensions of leaders‚ followers
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Introduction to Operations Management In the late 1970s‚ Wal-Mart was a niche marketer‚ with about 200 stores‚ mostly in the South. At the time‚ Sears‚ JC Penney‚ and Kmart dominated the retail market. Over the years‚ Wal-Mart gained market share at the expense of the previous market leaders‚ and it has now become the largest and most profitable retailer in the world! In the 1990s‚ the Boeing Company ran into trouble when it could not meet production deadlines. As a result‚ Boeing lost some orders
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Professional and ethical issues c a S eS inc lu de d in t hiS Se ction 3 . . . . . . . . . . . . . . . . 3.1 A Day in the Life of Brent Dorsey Staff Auditor Professional Pressures 59 63 65 71 79 3.2 Nathan Johnson’s Rental Car Reimbursement Solving Ethical Dilemmas–Should He Pocket the Cash? Recognizing It’s a Fraud and Evaluating What to Do . . . . . . 3.3 The Anonymous Caller 3.4 WorldCom The Story of a Whistleblower . . . . . . . . . . . . . . . . . . . . . . . .
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played a central role in the corporate scandals that shook America at the turn of the twenty-first century. Many companies have joined Enron and WorldCom in issuing earnings restatements as a result of inaccuracies in published financial reports. Adelphia‚ Bristol-Myers Squibb‚ FastTrack Savings & Loan‚ Rocky Mountain Electric‚ Mirant‚ Global Crossing‚ Halliburton‚ Qwest‚ AOL Time Warner‚ Tyco‚ and Xerox are some of the firms that have come under scrutiny for potentially corrupt management and a clear
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Causes and Effects of Internal Control Outcomes -Final Thesis- Universiteit Maastricht Faculty of Economics and Business Administration Maastricht‚ February 21th‚ 2008 Martina Kratz ID: 239232 Master International Business – Concentration Finance Supervisor: Robin Braun Abstract Since the implementation of the Sarbanes-Oxley Act in 2002‚ the topic of internal control systems never came to rest. The current subprime crisis is just one example of internal control failures and their negative consequences
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Mgmt study material created/ compiled by - Commander RK Singh rajeshsingh_r_k@rediffmail.com BUS INESS ETHI CS (Ple a se no te th a t th ese no tes a re n o t co mp reh en sive and th erefo re a d d i t io n a l r e a d i n g i s r e c o m m e n d e d f r o m d i v e r s e s o u r c e s ) Books Ethics and Mgmt by Hosmer Business Ethics by Shekher Business Ethics by Chakrobarthy (Oxford publication) Sy l la b us 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. Evolution of thought of ethics
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corporate governance movement began in most of Asia in 1998 and continued at various places right up to 2001. By the middle of 2001‚ when the most of the Asia was getting back to a concerted growth phase then came the Enron‚ Tyco‚ Healthsouth‚ World Com‚ Adelphia‚ Qwest Global Crossing and other corporate failures (Majumdar‚ M. A.K.‚ 2006‚ p. 23). In Bangladesh‚ though no such remarkable corporate scandals emerged yet‚ the stock market crash of 1996 is worth mentioning part of which is believed to have
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Rebuilding the Brand Strategy of L’Oreal for Men in Mainland China Chao Li Dissertation 17 October‚ 2008 Declaration Student Agreement: I understand that the Oxford Brookes University has the non-exclusive right to electronically store‚ copy or translate my thesis/dissertation‚ in whole or in part‚ for the purpose of future preservation
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Chapter 1 Review Questions 1. What is the primary goal of corporate governance? To create a balance of power-sharing among shareholders‚ directors‚ and management to enhance shareholder value and protect the interests of other stakeholders. 2. What is the primary mission of a public company? To create sustainable and enduring shareholder value. 3. What is the role of a corporate governance gatekeeper? To align management’s interests with those of long-term shareholders and
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