“Business Ethics and Corporate Governance” Why is the tide changing – From the Boardroom to the shop floor? Presenter: Acres A. stowe
“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 [email protected]