26.10. Corporate Governance vs. Business Ethics

Try these first

1. 1.

   Define corporate governance in your own words.

   Hint

   Think about the structural aspects of a company.

2. 2.

   What is an example of a principle of business ethics?

   Hint

   Recall the ethical principles covered.

3. 3.

   What is the primary focus of corporate governance?

   • Ethical principles
   • Formation of laws
   • Accountability and control
   • Social responsibility

   Hint

   Think about the structure and internal management of companies.

4. 4.

   Business ethics relates to:

   • True
   • False

   Hint

   Remember the definition of business ethics in the chapter.

5. 5.

   Critically assess a recent business case where poor ethical standards led to governance failure. Propose how better governance could rectify similar issues in the future.

   Hint

   Look into recent corporate scandals!

6. 6.

   Design a framework for a corporation that balances robust corporate governance with strong business ethics. Consider how they interact with each other.

   Hint

   Think about how governance rules can support ethical practices.