Corporate Ethics and Governance - Assignment Example

Human Resources and Corporate governance 3 2.... Influence of HR on Corporate governance – modes, consequences 3 2.... Current paper aims to highlight the main aspects of the relationship between the human resources management and the corporate governance – especially regarding the role of HRM in the development of corporate social responsibility.... Human Resources and Corporate governance 2.... Influence of HR on Corporate governance – modes, consequences The role of HR in corporate governance cannot be doubted....

By dealing with environmental issues, Corporate Ethics and Governance, and other concerns, society builds a progressive framework wherein companies operate (Nakajima, 2011).... Implications of corporate Social Responsibility (CSR) for Businesses, Communities, and Drivers Name of of University Introduction The concept of corporate social responsibility (CSR) is not new or revolutionary.... Economist Milton Friedman claims that “Few trends could so thoroughly undermine the very foundations of our free society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as possible” (Aras & Crowther, 2010, p....

To us governance is the guiding principle for how we run the business.... Today, governance has come to be defined by others as identifying specific structures; controls and processes to ensure the interests of shareowners are protected. … For most companies today, corporate social responsibility (CSR) is an overarching code of conduct.... It encompasses such elements as governance and ethics, workplace health and safety, and the management of relationships with stakeholders inside and outside the organization. Definition of corporate social responsibility also includes the broader concept of economic, environmental, and social sustainability....

The external auditors may not have detected the anomalies or there may have been hidden… The principles of corporate governance were not adhered to and the facts and figures were not made public.... The Corporate governance norms were violated at WorldCom, which is unexpected of the Directors and the CEO.... All these were against business ethics but MCI bailed out WorldCom by attempting to reestablish itself.... This is again a matter of concern because ethics are compromised under such circumstances....

However, sales' ethics implies that if a verbal offer is communicated to a customer, it should be honored.... Again, its not compulsory in the eyes of law, but business ethics dictate that the deal should be honored.... In the eyes of law, the dealer has no legal compulsion to act in accordance with the published advertisement solely on the basis of how the customer traveled to the given destination....

This research paper “Agency theory” examines the welfares of all the partakers in the firm.... Under this concept, what the managers ought to do is to not only augment stockholder value, but as well benefit the returns of the shareholder group.... hellip; The author states that the notion of stakeholder concept is that values are vital and a tangible part of operating business....

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.... Corporate governance and Ethics (5th ed.... … In the collapse of the corporate, executive members were involved in making wrong decisions, through their desires to keep the factual financial position of the company hidden from the general public....

The following are some of the issues which are captured in the Corporate Social Responsibility; health and safety, environmental sustainability, human rights, Corporate Ethics and Governance, performance reports, accountability, transparency, human resource management, development, community involvement, investment, anticorruption measures, customer satisfaction and adherence to all the principles of acceptable competition.... There are very important considerations that the Sony Company has taken into action and put in place regarding the labour ethics are concerned in the working environment (Sison, 2009)....