MGM101H5 Lecture 6: MGM101 - Lecture 6

• School: UTM
• Department: Management
• Course: MGM101H5
• Professor: Dave Swanston

Document Summary

Ethics & csr the role of corporate social responsibilities: how shareholders are one of the main stockholders. Motivates, personnel, prospective hires & customers stakeholders are very interested sound framework for decisions and actions. 60% - influenced by other factors, focus more on this. 20% - never changes emerging governance trends independence of directors judgement, role clarification of responsibilities of directors, officers, audit greater accountability & transparency specific criminal liability for ceo & cfo for misstatements greater independence of auditors. Whistleblower systems financial, sec & canada conflicts of interest avoid, reduce and/or manage measures to keep employees & executive on the right path conflicts of interest examples. Bernie madoff (2009) earl jones (2009) canada"s federal management (sponsorship scandal 2004) ontatio lottery corporation. Ponzi scheme = a type of investment fraud that involves the payment of purported retuns to existing investors from funds contributed by new investors. Need to assess ethics within an organization at two levels: the individuals themselves.