Corporate Goveranance Case - Essay Example

Please note that the case study did not indicate the number of hours the employees of Tasty meals Ltd is being forced to work. It is incredelous to compare the conditions of employees of Tasty meals with that of the other countries. The economic condition is not the same between two countries the cost of living is likewise not the same. The wage commission of the Philippine Government have taken these factors into consideration in determining the minimum wage in the Philippines. As far as the wage is concerned Tasty meals Ltd is in compliance and in fact exceed the requirements of the government.

Question 2: Tasty meals Ltd, CANNOT be held responsible for the problems caused by unhealthy junk foods and high-calorie if the company is complying with the minimum requirement prescribed by the law of the Government of the Philippines. However, Tasty meals Ltd has the fiduciary responsibility if not a social responsibility to provide healthy foods to its loyal patrons. Fiduciary responsibility is not prosecutable by law if it is not met. Question 3: It is NOT reasonable to demand from Tasty meals Ltd to give up ‘cost effective’ and ‘convinient’.

The use of cost effective and convenient disposable tableware and containers is not against the law within the Philippines. . Question 5: Overall I consider Tasty meals Ltd to be compliant to the corporate governance principles with the exception of its dealings with corporation of questionable background. Tasty meals Ltd is NOT AN ethically and socially responsible corporation. A company is considered compliant to Corporate Governance principles if it complies with the maximum requirement of the law in the countries where it is operating from.

A company is considered to be ethically and socially responsible if it complies with the requirements of international standards where it belongs to. Question 6: The following are my answers for each of the recommendation if it is appropriate the answer is Yes, if it’s not appropriate the answer is No. Recommendation 1 – No, the current salary is more than twice the government mandated minimum wage. Recommendation 2 – No, Tasty meals Ltd have its own market that might not be receptive to other products.

Recommendation 3 – Yes, Reducing trans fat in its cooking process will help its global corporate image. Recommendation 4 and 5 – Yes, complying with the concern of international environment groups will enhance the image of the company. Recommendation 6 – Yes, sponsorship of charitable organizations will enhance the corporate image of the company. Recommendation 7 – Yes, this is a requirement to enhance the global image of the company Recommendation 8 – Yes, this will enhance the image of the company Recommendation 9 – Yes, this will enhance and also show the commitment of the company to self reflect and improve its operation to comply with the requirement of the law and other international standard.

Question 7: YES, Adverse publicity often times affects the