Discussion on  Business Ethics and Social Responsibility  More information on : Business Ethics and Corporate Social Responsibility https://bit.ly/2us5NnT video on this topic :

Business ethics is a form of applied ethics or professional ethics, that examines ethical principles and moral or ethical problems that can arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individu      honest Example:                                               1. executives are honest  truthful in all their dealings and they do not deliberately mislead or deceive others by misrepresentations, overstatements, partial truths, selective omissions, or any other means. 2. INTEGRITY. Ehtical  executives demonstrate personal integrity and the courage of their convictions by doing what they think is right even when there is great pressure to do otherwise; they are principled, honorable and upright; they will fight for their beliefs. They will not sacrifice principle for expediency, be hypocritical, or unscrupulous.

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 Video on chapter 8 corporate governance

CORPORATE GOVERNANCE

8.1.1 Define corporate governance in general 8.1.2 Explains the needs of good governance 8.1.3 Interpret the corporate governance elements as below: 1.Accountability 2.Transparency 3. Regulatory framework 4. Business ethics and social responsibility 5. Administrative structure 8.2.1 Identify the structure of audit commitee 8.2.2 Explain the roles of audit commitee 8.2.3 Discuss the advantages of establishing the audit commitee

8.1.1 define the corporate governance in general Corporate governance  is the system of rules, practices and processes by which a firm is directed and controlled.  Corporate governance  essentially involves balancing the interests of a company's many stakeholders, such as shareholders, management, customers, suppliers, financiers,  government  and the community 8.1.2 expalain the needs of good governance Equity and Inclusiveness - People should have opportunities to improve or maintain their well-being. Effectiveness and Efficiency - Processes and institutions should be able to produce results that meet  the needs  of their community while making the best of their resources. 8.2 Accountability Accountability is a key tenet of good governance. Who is accountable for what should be documented in policy statements. In general, an organization is accountable to those who will be affected by its decisions or actions as well as the applicable rules of law. Transpa

8.1.1 8.1.2 8.1.3 8.2 Structure of audit committe

8.1.1 define corporate governance in general 8.1.2 explain the needs of good governance 8.1.3 interpret the corporate governance elements https://bit.ly/2OcGPBM 8.2.1 identify the structure of audit committee https://bit.ly/2WbyAZC https://bit.ly/2JnU83s 8.2.2 explain the roles of audit committee 8.2.3 discuss the advantages of establishing the audit committee

 What is corporate governance? Link about chapter 8  1.  http://www.governancepro.com/news/ 2.  http://aicd.companydirectors.com.au/resources/all-sectors/roles-duties-and-responsibilities/role-of-the-audit-committee?no_redirect=true 3.  https://www.wikiaccounting.com/what-is-audit-committee/ Video about chapter 8 https://youtu.be/soSaa8Mfqf4

             

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