Ethics, Corporate Governance and Responsible Leadership Assignment 2022

Running Head: ETHICS, CORPORATE GOVERNANCE AND RESPONSIBLE
LEADERSHIP
ETHICS, CORPORATE GOVERNANCE AND RESPONSIBLE LEADERHIP
Name of the Student
Name of the University
Author Note

1ETHICS, CORPORATE GOVERNANCE AND RESPONSIBLE LEADERSHIP
Table of Contents
Ethics and Corporate Governance...............................................................2
Reference..................................................................................................11

2ETHICS, CORPORATE GOVERNANCE AND RESPONSIBLE LEADERSHIP
Ethics and Corporate Governance
Corporate governance is the concept that relates to the processes
or the policies with the help of which the organization is being directed
and controlled. The organizations have the main objective of increasing
the value of their shareholders. Every successful organization operates
within the society by maintaining the norms and the values of society in
which it operates. The understanding of the ethical behavior in respect of
the corporate governance requires having two levels of the analysis that
includes the internal concerns of the corporate agency as well as
emergent effects on the social welfare. The concept of the corporate
agency is based on premises that the board of directors, managers as well
as employees should behave in shareholders and owners best interest.
Moreover, the concept of the social welfare is based on the premises,
which the companies should be engaged in the fair dealings with all the
stakeholders that includes shareholders, communities, customers,
suppliers and employees, according with the large societies expectation in
which they operate. However, since the origin of the commerce, the
ethical aspects of the business are in question. The manifest failures of
the business ethics as well as corporate governance in global financial
crisis has increases the urgency for searching the better ethical
framework s well as governance for the business. In the recent years,
substantial increase in ranges, significance as well as impacts of the
corporate environmental and social initiatives has suggested that there is
materiality of the more ethically informed approaches. Hence, under this

3ETHICS, CORPORATE GOVERNANCE AND RESPONSIBLE LEADERSHIP
assignment, discussion will be on the role as well as importance of the
corporate board of the organization. Moreover, the discussion will include
the challenges faced for achieving the effective board as well as the
professional behavior that is required of the board members.
Role and Importance of Corporate Board
The board of the director of the company is that group of the
individuals who are elected for representing the shareholders. The
mandate of the board is for the establishment of the policies for the
corporate management as well as the oversights for making the decisions
on the major issues of the company. The board of the company makes the
decisions as the fiduciary on the behalf of the shareholders. The issues,
which falls under the purview of the board includes hiring as well as firing
of the senior executives, compensations of executives, policies of dividend
and policies of options. Moreover, the boards of the directors are
responsible for helping the corporation for setting the broad goals,
ensuring that the company is having adequate as well as well-managed
resources at their disposal and supporting the duties of the executives.
The board of the directors of the company is the representation of
shareholder’s interest and the management and is consist of the
members that are both internal as well as external. The board has some
of the key committees that comprises of audit committee, shareholders
grievance committee, remuneration committed, risk committee,
nomination committee, corporate governance committee, corporate
compliance committee and ethics committee.