Business Ethics And Governance Of A Capitalist Corporation

Business, Ethics and Governance MGT2204 – Assignment 3 Word limit: 2000 words Prepared for Gerard Betros Prepared by Rebekah Pink Student ID: 0061029305 Introduction Ethics in business addresses the ‘right’ and ‘wrong’ behaviours of business practises, and how these practices impact the employees, shareholders, the general public and the environment. This essay will take a look at two different types of business structures; the capitalist corporation and the workers cooperative, and review how the differing approach to business and the fundamental ideologies of each, impacts ethical practises. To highlight this, I will look at more specifically at capitalist organisation ANZ and cooperative Mondragon Cooperative Corporation and how they deal with the potential ethical dilemmas of fair wages for employees and executive remuneration. Fundamental Ideologies of a Capitalist Corporation The fundamental ideologies of a capitalist corporation can vary from company to company, but typically all have the same underlying purpose – to make a profit. Often, a business’ ideologies are expressed in the form of an organisational vision or mission statement – a simple statement demonstrating to the public, and reminding the employees, the goal of the organisation. These vision or mission statements usually look at the ‘bigger picture’ of what an organisation wants to achieve. Examples being: †¢ â€Å"To be a trusted partner setting the standard of excellence for recruitment inShow MoreRelatedThe Integration Of Law And Ethics945 Words   |  4 PagesAs the subject title indicates, Substantive ethics is about the integration of law and ethics in corporate ethics programs. The author of this article gives numerous examples of why integration of law and ethics is needed. 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Tyco International is composed of five major business segments: ADT Worldwide, Fire Protection Services, Safety Products, Flow Control and Electrical and Metal Products. This case study describes the Leadership crisis faced by Tyco International and its rebuilding an empire again. In 2001, Dennis Kozlowski, chairman and CEO of Tyco International, was identified by Business Week as a manager to watch. In 2002, it turned out that he certainly was the man to watchRead MoreLeadership And Governance Essay2671 Words   |  11 PagesLeadership And Governance Introduction Like love, death, money, politics, and war, the subject of leadership is one that is continuously under discussion. Yet, despite all the attention given to leadership and its recognized importance, leadership still remains pretty much of an unexplained and confusing concept. 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