Define corporate governance and explain how this concept relates to ethics.
1.1
Consideration of the moral nature of international business is always
linked to the differences in political, legal, economic and social systems
between home and host countries. Operating abroad creates dilemmas
for multi-national enterprises (MNEs) that lead to charges of serious
ethical failings and opportunities for misconduct
With reference to this:
1.1.2 Outline some of the forms of misconduct attributed to MNEs and their
managers that have received wide criticism.
1.1.3 Discuss cultural relativism and cultural imperialism in context of the
way MNEs conduct their business abroad.
1.2
.
Friedman stated that the sole responsibility of management is to
maximise profits for the owners of a business
With reference to this:
1.2.1 Discuss the ethical issues that can arise when ownership is separated
from responsibility. (8)
1.2.3 Discuss the two opposing views of business and society with regard to
responsibility and accountability
