Nobody downloaded yet

Governance Regulation and Ethics - Essay Example

Comments (0) Cite this document
Summary
Governance Regulation and Ethics By Course and code Date Name of of Institution Governance Regulation and Ethics Introduction There are government rules and regulations that govern consumer transactions. These rules are meant to protect consumers from exploitation by unscrupulous manufacturers and suppliers…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97% of users find it useful
Governance Regulation and Ethics
Read TextPreview

Extract of sample
"Governance Regulation and Ethics"

Download file to see previous pages Consumer transaction the seller is well informed and consumer on the other hand are ignorant thus the need for the government to impose some form of control on consumer transactions. The governments through legalisations impose regulations which govern the business dealings and any business must be conducted with the confines of the law. Features in the movie and chapter 8 The right to know First in conducting business the business world is required to perform disclosure. This in the perspective of the consumer is the right to know. It is important so as to protect consumers from personal harm which includes economic loss and physical injury. The manufacturers are bound to disclose some information to consumers so that the consumers are able to make informed choices. The right to know is an individual right premised on the freedom of choice and freedom of contract. If a business person lies to a consumer in regard to the choice made by the consumer, then the business person denies the consumer the freedom of choice. This in essence is a manipulation of the consumers’ decisions and thus violates their individual rights. Moral philosophers opine that an individual with all the relevant information is responsible for his decisions whether they were mistakes or not. On the other hand those who withhold relevant information to decision makers are accountable to any harm arising from such a decision made without the relevant information. Relevant information is necessary for economic interest of the decision maker. A good example is where the consumer is informed about the quality of a certain product. In this case the consumer is able to compare the quality of the various brands and at the same time bearing in mind the prices of the various brands. The consumer is able to choose a quality product at reasonable price in such a case (Woodroffe, Lowe, 2010 pp. 78-79). Regulations of quality standards- consumer health and safety The government ensures that the economic rights of consumers are protected by ensuring that consumer are offered adequate and complete information as discussed above and that they are also offered reasonable contract terms. However the government may find that regulations relating to disclosure are not enough to protect the interest of the consumers, it may take further step to impose regulations on quality of products and services. The government regulations in form of quality standards include: imposing minimum educational requirement and also licensing professional suppliers, imposing the standards for the practices and procedures of all sorts in business, specifications for the services and goods, and a combination of any of the above standards of quality. The various governments attempt to ensure enforcement of the above quality standards by inspections, licensing, reviews, and approvals of final products before they are released into the market is to ensure that they are safe for the consumers. The government have imposed such quality standard on various industries which include the food industries and textile industries. Regulation of trade practices – South Africa The general rule is that under commercial law applicable in many countries and general principles of contract the seller is liable for any misrepresentation made to the consumers. However there is an exception to this ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Governance Regulation and Ethics Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
Retrieved from https://studentshare.org/business/1438528-governance-regulation-and-ethics
(Governance Regulation and Ethics Essay Example | Topics and Well Written Essays - 1250 Words)
https://studentshare.org/business/1438528-governance-regulation-and-ethics.
“Governance Regulation and Ethics Essay Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/business/1438528-governance-regulation-and-ethics.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Governance Regulation and Ethics
...?Task The concept of consumer protection and regulations based on relationships with consumers becomes a main obligation of businesses. The corporate social responsibility that applies to this is based on the focus of offering the best protection to consumers as a social obligation while ensuring that there are initiatives and responsibilities taken for consumer protection. In “Civil Action,” there is a question of the governance taken, specifically because the actions of a company don’t offer consumer protection or environmental concerns with the main actions. The questions which are presented are inclusive of relationships with consumers that are put into question and which lead to complexities among...
11 Pages(2750 words)Essay
Governance, Regulation and Ethics
...?Governance, Regulation and Ethics Wall Street movie belongs to the category of prophetic films. This film is a jest about greedy and unethical business world. The motto of the main hero, a self-centered greedy businessman, Gordon Gekko (M. Douglas) is the following: “Greed is Good” (Wall Street Movie Synopsis). This man is a corporate raider and there is hardly something sacred for him. He is followed by Bud Fox (Charlie Sheen) who is young and craving for money and fame (Weiser, 2008). Fox joins greedy Gekko and tries to copy his actions and ruins his inner world. Fox quickly gets used to rape, murder and follow no ethical principles. Finally, going up a career ladder...
4 Pages(1000 words)Essay
Law, Governance, Regulation and Ethics
.... This is followed by private property rights which make it unconstitutional for an individual to take information. By breaking these ethical considerations, there is a break in both government and corporate regulations while harming others that are a part of the main process for obtaining information (Nelson, 2005: 3). The concept of ethics on a legal basis is important to note because it combines with individual behaviors, legalities and responsibility that is a part of the corporation. The work of Fox becomes important because he is a representative of the company which he works for. When he takes the private information through illegal information it causes him to be...
4 Pages(1000 words)Essay
Ethics and Governance
...Word count 500 Ethics and Governance Q The World Commission on Economy and Development (WECD) that convened some two decades ago stressed on the links on the economy-environment-society chain. The links are: Environmental stresses are linked with one another Environmental stresses and patterns of economic development are linked with one another Environmental and economic problems are linked with social and political factors, and These influences operate not only within but also between nations. My opening paragraph above states that there is a chain on the economy, environment and society, which are closely related. These links bind nations and are indispensable to have a safe and clean environment,...
6 Pages(1500 words)Essay
Ethics and Governance
...The Paper is divided into the following sections I. Ethical Issues in the Business Environment II. Organizational and Individual Ethical Behaviour- Critical Evaluation III. Corporate Governance Failures-an Evaluation IV. The Case of Oil Industry (Shell, BP, Exon) I) Ethical Issues in The Business Environment Business ethics is concerned with attaining the objectives of the organization in a way so as not to come into conflict with the interests of stakeholders of the business, society or certain groups or individuals (influence groups). When the business effects the interest of many groups including the internal and external groups, conflict of interest...
6 Pages(1500 words)Essay
Corporate governance, reporting and regulation
...Corporate governance, reporting and regulation Contents Introduction 3 2 Independent directors 3 3 Role and responsibilities of independent directors 4 4 Impact on organisational performance 5 5 Conclusion 7 6 Reference 8 1 Introduction The performance of the company largely depends upon the strategic decisions and policies of the organisations. The main strategic decisions and the policies regarding the objectives of the company and ways in which they can be implemented are decided by the board of directors. The board comprises of the chair person, executive directors, non executive directors and independent directors. The appointments of independent directors are mainly done from the point of view of...
6 Pages(1500 words)Essay
Marketing Ethics and Regulation
...Marketing Ethics and Regulation Every marketing decision is just not about being able to reflect a message about a certain brand or product and making a sale. The primary purpose of marketing is to be able to help consumers to be able to provide for their needs in the highest possible manner. Thus, once this is achieved, it is called a successful marketing. However, there are a lot of things people need to know and consider to be able to make this possible. One of the most important guidelines in doing so would come from the code of ethics. Code of ethics is a list of guidelines and regulations that would direct any marketer to make the right decisions...
2 Pages(500 words)Essay
REGULATION, COMPLIANCE AND GOVERNANCE
...allegedly covered up with new deposits for which no records were maintained. Therefore, there were also many companies who were involved in the shams like Enron. These were Polly Peck, WorldCom, Barings Bank, Parmalat, and Olympus. All these companies were also involved in fraudulent acts besides Enron. Development made by the regulators The following developments were made by the regulators for curbing the financial crisis that had affected the economy worldwide. The Cadbury report was prepared to make the corporate governance of U.K. clearer. They highlighted on three areas of the existing system which needed to be improved. These were: Auditing The Board of directors The...
8 Pages(2000 words)Essay
REGULATION, COMPLIANCE AND GOVERNANCE
...Regulation, Compliance and Governance Failure in Corporate Governance Corporate governance can be defined as a set of processes, rules and practices that is followed by companies for controlling or directing their operations. It aims at balancing interests of the management and shareholders of a company by separating the ownership and control function. Effective corporate governance is seen to greatly enhance the outcome of a business. On neglecting this aspect, companies have faced even bankruptcy. There are several examples of corporate governance failure. The two major examples in this case are that of Enron Corporation and Northern...
8 Pages(2000 words)Essay
Ethics and governance
...ETHICS AND CORPORATE GOVERNANCE Ethics and Governance The appointments of Kong as presidentof board, and Watson as vice president of the board after the company went public could have a negative impact upon the operations of the organisation. These two individuals had been the CEO and deputy CEO for the company, respectively, when the company was undergoing financial constraints. Maintaining these individuals within the board brings a negative impression to the organisation as they played significant role in the collapse of the organisation. 2. The board should have sought the accurate financial reports and not have relied on the decisions being made by Kong and Watson....
1 Pages(250 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Governance Regulation and Ethics for FREE!
Contact Us