For Velasquez (2012), Business ethics is a specialized study of moral right and wrong. It focuses on moral standards as it is applied on business institutions, organizations, and behavior. These moral standards specifically apply to Kohlberg’s theory. It is grouped into three levels. In the preconventional level, there is recognition of authority. This person gives a punishment or reward. In the conventional level, it is understood that there are certain rules to follow. It is also understood to
It is fundamental for an effective board to develop a company. The board is a bond between investors and managers and it is vital to good corporate governance and close relationship with investors. According to UK’s unitary board, it illustrates that the roles of CEO and Chairman are separate because it will
CHAPTER ONE INTRODUCTION 1.1 Background to the Study In the aftermath of Johnson Matthey Bankers’, Enron Corporation, WorldCom incorporated failure and a good number of other corporate financial scandals, issues of corporate governance became the focus of public discussion, as poor governance practice was identified as a major contributor to most of the failures. Furthermore, the tragic event of the Russian financial scandal and Asian financial
have made investors bearish. Parallels can be drawn with the Cadbury Dairy Milk incident in 2003 when worms were found in some chocolates in Maharashtra. It blew up in the company’s face and took some explaining to both consumers and the government, changes in packaging and a high-profile marketing campaign before order was restored. It still took eight months for chocolate sales to go back to pre-crisis levels, according to a case study by the Fletcher School at the Tufts University. So far, Nestle
1.1 INTRODUCTION TO THE STUDY Asset Management involves the corresponding of costs, opportunities and risks against the desired performance of assets, to achieve the organizational objectives. This harmonizing power need to be considered over different time frames. Asset also enables an organization to examine the need for, and performance of, assets and asset systems at various levels. Additionally, it enable the application of analytical approaches towards managing an asset over the