Governing stakeholders and business ethics essay

Not a general education course Designations: Upper Division Writing Competency This course explores the cultural ways of life of the indigenous inhabitants of this land, the peoples of Native North America. We will examine the cultural traditions, contemporary issues, and historical policies that have shaped the social experiences of Native peoples in the United States and Canada with attention to: Through readings, class discussion, ethnographies, newspaper articles, and films we will examine the distinctive cultural practices of Native communities in different geographic areas as well as explore the ways in which Native people today maintain cultural identity and sovereignty in response to the ever-changing social conditions of life in the 21st century.

Governing stakeholders and business ethics essay

Since some confusion persists as to the factors that distinguish for-profit and nonprofit boards, even by some people who have served on both types of boards, we decided to outline some of the similarities and differences between the two. Similarities and Differences 1.

Overarching Purpose While some people might incorrectly think that for-profit and nonprofit organizations and boards are different in their commitment to overarching purpose i. Governing Policies Every organization should have written articles of incorporation, bylaws, and a set of governing policies that outline the fiduciary duties and responsibilities of the board of directors.

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These documents are generally similar in design and address the name of the organization, how it will be governed, and how the bylaws can be amended.

Common elements of the bylaws include the roles and responsibilities of the board as a whole, board committees, and individual directors; the procedures pertaining to giving notice for and holding annual and special meetings; and the rules governing voting at those meetings e.

Fiduciary Duties All for-profit and nonprofit boards have two fundamental fiduciary duties; these are the duty of care and the duty of loyalty.

A breach of either of these duties can lead to dismissal and potential personal liability for a board member. As an aside, this is the first question that would need to be addressed if a board member were charged with negligence. Two other fiduciary duties—the duty of candor the timely disclosure of material facts and the duty of confidentiality not disclosing sensitive or confidential information —are either treated as a subset of the duties of care and loyalty or listed separately.

Nonprofit boards also have an additional fiduciary duty—the duty of obedience—that requires directors to remain faithful to and supportive of the mission and goals of the organization.

While these fiduciary duties are generally part of the onboarding orientation for most for-profit directors, they are often less frequently and less explicitly stated on many nonprofit boards. A related responsibility is to ensure that compensation programs for the CEO and other senior executives encourage and reward superior performance and foster the highest levels of ethical behavior.

Other points of commonality between nonprofit and for-profit boards include: All board members also have the obligation and honor of serving as ambassadors for their organization and, as skills and interests allow, opportunities to be a coach, subject-area expert, and confidant to the CEO.

Titles and Reporting Relationships A for-profit board is made up of directors that represent the interest of the shareholders i.

Governing stakeholders and business ethics essay

A nonprofit institution does not have shareholders because it is not owned; however, it does have a board of trustees, directors, or governors these terms that are used interchangeably.

While not a significant factor in the governance of for-profit and nonprofit organizations, the title of the senior executive of a for-profit corporation is always the CEO.

In the United States, CEOs of for-profit companies frequently carry the chairman of the board title, but not always—in Europe, however, the CEO and chairman positions are normally split. If the CEO is not the chairman, then either another member of management e.

If the CEO is also the chairman, it is common practice in publicly traded companies for a lead director to be named. Some large privately held companies combine the CEO and chairman title, but do not have a lead director e.

In some law firms, investment firms, private equity firms, and venture capital firms, the most senior executive may carry the CEO title e. In nonprofit organizations, the senior member of management may hold the CEO title e. In either case, there is almost always a non-management, independent board chair of a nonprofit organization.

Financial Focus and Terminology Even though for-profit and nonprofit boards are ultimately responsible for the oversight of the financial wellbeing of the organizations they represent, for-profit management teams have an obligation to deliver a financial return to shareholders.

As a result, for-profit boards are focused on net earnings, the stock price, and the dividend rate. Terms that are commonly bandied about in the boardrooms of publicly traded companies would never be heard during a nonprofit board meeting e.

In addition, there is unique consideration given to certain external regulations during for-profit board committee meetings e.

In contrast, many nonprofit organizations rely heavily on fundraising and use a slightly different accounting methodology, especially for valuing pledges and donations.1) How does Google’s mission thrust scheme at the company?

Google’s mission ‘to organise the world’s information and do it universally acceptable and useful’ has driven Google to make a hunt engine that on the footing of cardinal words entered by the user will scan the Web for text.

images. pictures. new articles. books. and academic diaries. among other things. stakeholders Important role for Nomination Committee Agency Theory – Governance Business Ethics Corporate Governance Essay BUSINESS ETHICS & CORPORATE GOVERNANCE OCS AGENDA • Understanding Ethics • Managing Business Ethics • Corporate Social Responsibility • Complexity of Ethical Issues • Ethical Leadership • Evaluation of.

Published: Mon, 5 Dec As information system use becomes more widespread and more individuals and organizations rely on the internet as a means of conducting business, it becomes ever more important to assure that the internet is a place where privacy is protected.

The Module Directory provides information on all taught modules offered by Queen Mary during the academic year The modules are listed alphabetically, and you can search and sort the list by title, key words, academic school, module code and/or semester.

A Strong Reputation Alcorn State is more than a great HBCU. We are a great university. Course Overview. This qualifying Law degree is taught by the world-leading, research-active academics based in our prestigious Law School. They will introduce you to technical legal topics and help you to understand the ways that law shapes society.

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