Chapter-1 (Nature of Ethics) Ethical Dilemmas The quandary people find themselves in when they have to decide if they should act in a way that might help another person or group‚ and is the “right” thing to do‚ even though doing so might not be in their own self-interest. A dilemma may also arise when a person has to decide between two different courses of action‚ knowing that whichever course he or she chooses will result in harm to one person or group even though it may benefit another. The ethical
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Does the Corporate Governance Maximise Shareholders’ Wealth? | ITV PLC | | | | | Introduction/Key Objectives The main purpose of this report is to find out whether Corporate Governance (CG) does maximise shareholders’ wealth within a selected company. ITV PLC is the selected company for this report; their Annual Report (AR) 2011 will be used for statistical evidence. Also‚ existing theories will be applied to ITV PLC for qualitative evidence. Recommendations and advice will be given
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BUSINESS ETHICS AND VALUES The Ethics of Diversity DTMT07 – Renaissance Center BUS 401 – Business Ethics and Values Professor Thomas John Elliot December 12‚ 2005 Abstract This paper briefly describes the importance and the influence of the ethics of diversity. The Ethics of Diversity “To be a slave was to have nothing but still have something left to lose.” (Tademy‚ 2001) In the case of slavery‚ the morality existed that the “ends justified the means”. Both‚ teleological and deontological
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Corporate veil Introduction With the contemporary appreciation of the separate entity principle in courts‚ it has become increasingly difficult to predict the outcome of cases with precision as in the case of Salomon v. Salomon & Co Ltd (1897). Separate corporate personality has been firmly recognized by common law after the verdict given in the case of Salomon v. Salomon & Co Ltd (1897). It was confirmed that a corporation has legal right‚ personality‚ and obligations completely divergent
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The territoriality principle holds that governments have the right to rule themselves as they see fit. True False The elimination of discrimination with respect to employment and occupation is a principle of the Global Compact which applies to: A. Human rights B. Labor C. Environment D. Anticorruption Question 3 of 40 (worth 0.4 points) Which of the following statements is not true of Hungary’s economic reform measures? A. Hungary had a head start on the other former communist-bloc countries
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Corporate Entrepreneurship Corporate Entrepreneurship can be seen as the process whereby an individual or a group creates a new venture within an existing organization‚ revitalizes and renews an organization ‚or innovates. Zahra’s(1986) definition of corporate entrepreneurship suggests aformal or informal activity aimed at creating new businesses in established firms through product and process innovations and market developments‚whereas sathe(1985) defines corporate entrepreneurship as a process
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Corporate Inversion is defined as a company’s reincorporation overseas enabling reduction in tax burden on income earned abroad. When a significant portion of a company’s income is from foreign sources‚ then corporate inversion is the ideal strategy to implement; that is because such income is taxed both abroad and in the company where it is incorporated. The winning corporate inversion strategy would be for a company which has selected a country with lower tax rates and less intricate corporate
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Corporate Entrepreneurship Corporate entrepreneurship is also commonly known as corporate venturing or Intrapreneurship. It is coined by legendary management thinker and management guru Peter.F.Drucker. It is the act of initiating new ventures or creating value with an already established organization or social entity. It is basically a process of creating new business within established firms to improve organizational profitability and enhance a firm’s competitive position or the strategic renewal
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The Corporate Manslaughter and Corporate Homicide Act 2007 The Act The Corporate Manslaughter and Corporate Homicide Act 2007 took effect on 6 April 2008. Companies‚ organisations and Government bodies can now be prosecuted as a consequence of a gross breach of the duty of care resulting in the death of an individual‚ if ‘the way in which its activities are managed or organised by its senior management is a substantial element in the breach’ (Section 1(3)) [1]. Prior to 2007‚ successive Governments
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"Corporate Fraud" when you hear those words the first‚ most recent incident‚ many think of is The Enron Scandal. This same scandal produced the Public Company Accounting Reform and Investor Protection Act of 2002. This much needed act created the Public Company Accounting Oversight Board under the Security Exchange Commission ’s supervision. This board sets accounting standards and investigates Certified Public Accountants and companies to ensure they are following the guidelines set forth. This
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