“Business Ethics and Corporate Governance” Stowe... · “Business Ethics and Corporate Governance ... •Rupert Murdoch's phone-hacking scandal ... Microsoft PowerPoint ...

“Business Ethics and Corporate

Governance”

Why is the tide changing – From the

Boardroom to the shop floor?Boardroom to the shop floor?

Presenter: Acres A. stowe

Why Corporate Governance?

• Critical for effective and efficient administration of

any institution or organization

• Engenders acceptable behavior by organizations in • Engenders acceptable behavior by organizations in

both their strategy formulation and day-to-day

operations

• Drives corporate success and a positive corporate

image

Why is ‘the Tide changing’ – from

the Boardroom to the Shop Floor

• Changes in consumer expectations, perceptions and

demands

• Rising levels of awareness among shareholders, • Rising levels of awareness among shareholders,

stakeholders and society in general

• Speed of the media (iReporting and social networking)

• Extremely low tolerance levels for unethical

behaviors/practices

Case Study 1

• Rupert Murdoch's phone-hacking scandal

- Threatens Rupert Murdoch, Murdoch’s

Global Media Corporation and the British Global Media Corporation and the British

government

- Resulted in the arrest or resignation of

several executives

Case Study 2

• APPLE Granting Shareholders bigger say in

appointing Directors:

- Investors and corporate governance - Investors and corporate governance

activists lamented that Apple required

unopposed directors to secure a majority-

share vote before getting elected to the

board

Embracing a changed landscape

• Institutionalize, appropriate ‘Best practices’

• Reform legislative framework and cultural

habits

Embracing a changed landscape

• Two Videos (building an ethical business culture ) • Two Videos (building an ethical business culture )

– 4 and 10 mins respectively

Succession planning

• Succession planning guidelines

• Development strategies

Thank You!

• Contact: Acres A. Stowe

Desk - 268 481 1125Desk - 268 481 1125

Cell - 268 464 8063

Email astowe@candw.ag