BUSINESS ETHICS & CORPORATE GOVERNANCE OCS AGENDA • Understanding Ethics • Managing Business Ethics • Corporate Social Responsibility • Complexity of Ethical Issues • Ethical Leadership • Evaluation of Corporate Governance • Internal & External Corporate Governance mechanisms • Corporate Governance Ratings OCS Scams OCS Values • Fundamental beliefs • Principles for good‚ right and just • Evaluate something vis-à-vis a Standard • Integrity‚ Patriotism‚ Fairness OCS Morals • Values attributing
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Explain vs. Comply or Else The King II code only applied to certain entities and followed a rule-based based approach hence “Comply or Else” or mandatory corporate governance. “Comply or Else” refers to the companies obligation to abide by corporate governance standards. These standards are written into law and regulations and have to be obeyed. Failure to obey these standards and regulations may/will result into sanctions such as fines for the corporations‚ imprisonment of executive manager/director
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financial scandals that happen in the early 2000s at companies including Enron‚ WorldCom and Tyco that rattled investor confidence. The act‚ was created by U.S. Congressmen Paul Sarbanes and Michael Oxley‚ and was intended in order to improve corporate governance and accountability. Every public company must act in accordance with with Sarbanes-Oxley Act. The Sarbanes-Oxley Act not only influenced the financial side of companies‚ but also IT departments who are in charge of storing a corporation’s
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how an organization creates‚ delivers and captures value. According to Zott and Amit (2010)‚ a generic business model must be able to specify the what‚ for whom and how of production. It must at its essential core identify content‚ structure and governance. In the case of the National Kidney Foundation‚ their business model can be described as follows: Figure 1: Value proposition for National Kidney Foundation As shown in the figure above‚ the main aim of the foundation was to offer affordable dialysis
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Prepare a memorandum to the board of directors of HMI outlining and supporting your recommended course of action for addressing the issues at the Mines 1 and 2. The memo should include the following: a) Identify the corporate governance issues at HMI’s mines. * The issue: On one hand‚ the diverting power into provincial electrical grid has resulted in an overlook for its own operations. On the other hand‚ a significant portion of these earnings is going into executive bonus pool for distribution
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which is “Corporate Governance in Banking Sector of Bangladesh”. 1.2 Background of the Report Corporate governance is a system of structures and processes to direct and control organizations and companies. It is considered to be one of the most critical factors today in improving the overall business practices in the globalized world and in bringing in more value to shareholders and stakeholders. Most countries at present have introduced Codes and Principles of Corporate Governance into the
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BRAC University Journal‚ Vol. IV‚ No. 1‚ 2007‚ pp. 31-37 ASSOCIATION BETWEEN CORPORATE GOVERNANCE AND RELATED PARTY TRANSACTIONS: A CASE STUDY OF BANKING SECTOR OF BANGLADESH Mohammad Zakir Hossain Sharkar BRAC Business School BRAC University‚ 66 Mohakhali C/A Dhaka – 1212‚ Bangladesh and Md. Abdus Sobhan Department of Accounting & Information Systems University of Dhaka Dhaka-1000‚ Bangladesh and Shahida Sultana School of Business Studies Southeast University‚ 64/B‚ Banani
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Solutions for Chapter 2 True/False Questions 2-1 F 2-2 F 2-3 T 2-4 F 2-5 T 2-6 T 2-7 F 2-8 T 2-9 F 2-10 T 2-11 T 2-12 F Multiple Choice Questions 2-13 B 2-14 B 2-15 B 2-16 E 2-17 D 2-18 C 2-19 C 2-20 D 2-21 A 2-22 D 2-23 E 2-24 B Review and Short Case Questions 2-25 Fraud is an intentional act involving the use of deception that results in a material misstatement of the financial statements. Two types of misstatements are relevant to auditors’ consideration
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Corporate Governance‚ Internal Control and the Role of Internal Auditors – A Survey of Chinese Managers Author details: Dr. Jane J. Zhang School of Accounting‚ Economics and Statistics Edinburgh Napier University Business School Craiglockhart Campus Edinburgh EH11 1DJ‚ UK Tel: 00-44-131-4554448 Fax: 00-44-131-4554460 Email: ja.zhang@napier.ac.uk -1- Corporate Governance‚ Internal Control and the Role of Internal Auditors – A Survey of Chinese Managers Abstract This study investigates
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Ltd. • Auditors role in Corporate Governance • Audit Committee of Softlogic Holding Ltd. • Audit Committee’s influence in Corporate Governance protocols at Softlogic Holdings • The Cadbury Committee and Softlogic’s Corporate Governance Strategy • Analysis • Recommendations Introduction • International Standard on Auditing (ISA) 260: “Communications of Audit Matters with Those Charged with Governance” • Governance is the term used to describe
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