Give an example of a relevant case study of a director breaking the insolvency act 1986. What consequences did they face?
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Give an example of a relevant case study of a director breaking the insolvency act 1986. What consequences did they face?
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- What are the tort issues that needed to be determined? About Macdonald coffee famous case.What constructive action should ACME take to restore the reputation of its product?What were the benefits of falsifying students’ test scores? What were the harms? Do you think cheating can ever be ethically justifiable? Why or why not? Would you participate in the falsifying of test scores if directed by the principal? What personal value(s) would guide your decisions?
- 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.Cases Study Two: Rio Tinto and StocklandFollowing are two excerpts from the annual reports of two of Australia’s largest companies.Consider the differences in how they view stakeholders.Rio Tinto:Rio Tinto has a clear purpose: as pioneers in metals and mining, we produce materials essentialfor human progress. And by doing so efficiently and effectively, we aim to deliver superiorreturns to our shareholders while safeguarding the environment and meeting our obligations towider society (Rio Tinto 2018, p.6)1Stockland:Stockland was founded in 1952 with a vision to ‘not merely achieve growth and profits but tomake a worthwhile contribution to the development of our cities and great country’. It is thisrecognition, that business has more to offer society than profits alone, that has seen us endure(Stockland n.d.)2of the various stakeholder engagement approaches.Question Which can best articulate the above companies’ treatment of their stakeholders? Justify your choice.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?
- Please help me answer all the given questions for the case study 1. Charged with installing computer chips that resulted in emitting excessive amounts of carbon dioxide fromtheir Cadillacs, General Motors (GM) agreed in December 1995 to recall nearly 500,000 late-model Cadillacsand pay nearly $45 million in fines and recall costs. Lawyers for the Environmental Protection Agency (EPA)and the Justice Department contended that GM knew that the design change would result in pollutionproblems. Rejecting this claim, GM released a statement saying that the case was ‘‘a matter of interpretation’’of complex regulations, but that it had ‘‘worked extremely hard to resolve the matter and avoid litigation.’’ According to EPA and Justice Department officials, the $11 million civil penalty was the third largest penaltyin a pollution case, the second largest such penalty under the Clean Air Act, and the largest involving motorvehicle pollution. This was also the first case of a court ordering an…Although Z corporation has a comprehensive ethics program, numerous employees were charged with financial fraud. If Z corporation is convicted of the crime and sentenced under the Federal Sentencing Guidelines, it can expect--what investigative methods were used in the examination of Fraud in the Harlequin group scheme " in sTvINCENT & THE gRENADINES
- CASE 1 Ethics in Business: A Perspective Malaysia held its 13th general election on 5 May 2013. The event was a referendum of sorts; chief among them was corruption. The issue of corruption – or the lack of notable, ingrained outcomes in eradicating corruption from within the public and private sectors – has raised much contention and ire among Malaysians. Some may argue that it is the main topic discussed by all ethnic groups in both urban and rural areas across the country. What is hindering the fight to eradicate corruption? Here are some questions to ponder: Has the relationship between the public and private sectors become too blurred that certain practices – which may be deemed outright violation to sound business practice – have become a norm in parts of the world? Has Malaysia fallen prey to this blurring of the lines? Are emerging and high growth markets, in the quest for development or in keeping up with developed countries, responding too slowly to weeding out corruption?…Many countries use "bribes" as a way of doing business. We do not have global standards for safety, ethics, or cultural customs. When custom and culture clash with ethical standards and moral values, should the national culture or the company code of ethics be the controlling factor? Which should take precedence?Princess Cruise Lines was fined 40,000,000 for illegal dumping of oil-contaminated waste from the Caribbean Princess cruise ship. Dating back to 2005. The upper management permited the illgal activty. Who benfits and suffers for management decesion?