1. Explain (8) basic characteristics of Good Governance.
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1. Explain (8) basic characteristics of Good Governance.
2. Give actual cases of unethical practice of a Philippine company.
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- 39. Ethical issues about the economic, political, or legal aspects that a business operates under are referred to as _____ issues.a. corporateb. individualc. governmentald. systemicHow did the corporate culture at Enron contribute to its bankruptcy? Did Enron's bankers, auditors and attorneys contribute to Enron's demise?What does "management" actually mean? Specify the three elements that constitute art.
- 3. Corporate governance is driven by various factors in the companv. How can the management and directors contribute to promote effective and good governance: Is there aspecific paradigm in implementing corporate guvernance? 4. Do the benefits of practicing corporate governance outweigh its financial costs? Explain. 5. Is compliance to government regulations a sufficient indicator of corporate governance? Explain.PT. Alakishia has been operating in Jakarta for more than 10 years. Aries is one of the employees who is responsible for recording transactions in the purchasing department when ordering raw materials from suppliers. Once, Wilson as the party who made the payments and received the invoices, resigned from the office, so for the moment everything was in Aries' charge. Jenni as COO of PT. Alakitashia really trusts Aries because by seeing the contribution of Aries for a long time, it is also due to the close friendship between them, thus leaving the work entirely and the internal control to Aries itself. This has caused a lack of segregation of duties, so that since it was fully managed by Aries, the number of purchases has increased and it can be seen how the expenses are higher than before, so it is feared that fraud could occur. In addition, Aries has also collaborated with all suppliers and the production department to harmonize the transaction record in the form of the number of units…How might the ‘independence’ non-executive directors be defined and explain their roles and functions in the framework and structure of good corporate governance in public listed companies.
- Briefly outline 5 sources of Botswana law .As a source of income during the pandemic, Nena, together with friends in the barangay, established an enterprise wherein the group members made “bags” out of used garments and thereafter sold the products for profit. Is the income of each member excluded from gross income? a. Yes, it is clear that the enterprise is a “Barangay Micro-Business Enterprise” (BMBE). b. Yes, it is clear that each member is a minimum wage earner. c. Both A and B d. No, there is no showing that the enterprise is a duly-registered BMBE or that each member is a minimum wage earner.31. A service cooperative promotes and undertakes savings and lending services among its members. 32. Only primary cooperatives may establish secondary cooperatives. 33. Only secondary cooperatives may establish tertiary cooperatives.
- What lessons can members of a board of directors take away from the Carlos Ghosn saga? What actions can boards take to limit the chance they will face a similar scandal? discuss where Nissan missed the mark and how the board can act to ensure that the firm moves appropriately in this direction. Look to the discussion of integrity-based and compliance-based approaches to ethics, and discuss how the board should use each of these approaches. Ethics can be defined as a system of right and wrong. Ethics assist individuals in deciding when an act is moral or immoral, socially desirable or not. There are many sources of ethics: religious beliefs, national and ethnic beliefs, community standards, family practices, educational experiences, and friends. Business ethics is the application of ethical standards to commercial enterprise. How would you apply any of the concepts on ethical leadership to this situation? What sort of punishment does Carlos Ghosn deserve for his actions?Kindly Explain the following: 1. It harmonizes existing ethical standards among business operating in the Philippines. It ensures thatdifferentmarket players adhere to the same rule of the game in order to create fair market conditions andpromote transparency in doing business.2. the Code formally communicates the signatories’ commitment to upholding high standards of ethics in allbusiness transactions. It articulates the belief that securing profit at the expense of integrity is anunacceptable and unsustainable way of conducting business and that measures have been taken toenforce and cultivate integrity habits within the signatories’ respective organizations.Lucky administers an integrity test at Garden Haven, a supplier of lawn and garden supplies, in order to screen out potential thieves or dishonest workers. Howard, another Garden Haven employee, frantically finds Lucky and tells him the test is no good because several applicants just told him they faked their answers. What should Lucky do? A.) hire a group of proctors who are trained to catch cheaters to oversee test administration B.) do away with unreliable integrity tests and ascertain the qualities of applicants from face-to-face interviews C.) invalidate all of the tests taken during the testing period referred to by Howard D.) stop using the integrity test and switch to the more reliable and less invasive polygraph test instead E.) nothing because faking is common and does not influence the correlation between scores and performance
