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Corporate Social Responsibility and Conflict of Interest - Book Report/Review Example

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In the paper “Corporate Social Responsibility and Conflict of Interest” the author analyzes the responsibility that a Corporation has, beyond economic and legal obligations. There are three reasons why Businesses should adhere to the demands of social responsibility…
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Corporate Social Responsibility and Conflict of Interest
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Download file to see previous pages Due to this fact, Little Company clients have started expressing doubts that due to conflict of interests, Little Company will no longer be able to offer objective advice to their clients because it has been purchased by one of the companies that offer health services. How would you respond to these genuine claims?  In this case, I would respond to the clients by assuring them that despite the merger, Little Company would be as objective as it was before the merger. And in supporting my claim, I would inform the clients that one of the core values of both Big Company and Little Company is upholding honesty and integrity in all business dealings. For that reason, I would assure the clients that the Little Company will continue being honest and objective in their services of giving objective advice to their clients on health services.
 Case 2 Study Summary
In this case study, you work for investment bank that provides advice to corporate clients. In your team you work with Pat, a marketing manager, and Joe, a credit manager. You work with other professionals as well. Just before presenting the details of a new deal to the management, Pat suggests that you should withhold some information about the deal so that the deal would be easily approved. And the information that Pat suggests for withholding would not jeopardize the interests of any of the parties involved in any big way. Since you have vehemently objected to withholding some information about the deal....
And lastly, business corporations have the responsibility of uplifting the economic well being of the members of the societies in which they operate. They can achieve this through providing jobs to the local places where they operate, and giving fair remunerations to their employees. Chapter 10 Case 1 Study Summary: Conflict of Interest In this case study, Little Company, a company with good reputation for providing objective health advice to its customers has been purchased by another company called, Big Insurance. Big Insurance deals with provision of health services. Due to this fact, Little Company clients have started expressing doubts that due to conflict of interests, Little Company will no longer be able to offer objective advice to their clients because it has been purchased by one of the companies that offer health services. How would you respond to these genuine claims? In this case, I would respond to the clients by assuring them that despite the merger, Little Company would be as objective as it was before the merger. And in supporting my claim, I would inform the clients that one of the core values of both Big Company and Little Company is upholding honesty and integrity in all business dealings. For that reason, I would assure the clients that the Little Company will continue being honest and objective in their services of giving objective advice to their clients on health services. Case 2 Study Summary In this case study, you work for investment bank that provides advice to corporate clients. In your team you work with Pat, a marketing manager, and Joe, a credit manager. You work with other professionals as well. Just before presenting the details of a new deal to the management, Pat suggests that you ...Download file to see next pagesRead More
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