Ethics and Corporate Governance of Maxlook Group Publishing: A Case Study Analysis

Running Head: Case Study Analysis
CASE STUDY

Case Study Analysis 2
Ethics and Corporate Governance of Maxlook Group Publishing:
Corporate governance primarily involves balancing of interests of the different stakeholders
of the company. In the present case of MG Publishing, the company has various stakeholders
such as providers of finance such as banks and financial institutions, shareholders, customers,
competitors, employees and governmental regulators etc. From the case it is observed that
the company has a sound track record in regards to repayment of its debt obligations and
hence the providers of finance are more willing to provide them financial assistance. This
signifies that the company is concerned about protecting the interests of its finance providers.
Further, it has been observed that company is striving to strengthen the capital growth of its
shareholders by offering them excellent dividend opportunities. This fact clearly indicates
that the company is giving due regards in safeguarding the shareholder’s interest in the
company. MG Publishing ha also adopted the online business of magazines in accordance
with the recommendations of their customers and also to positively contribute to the
environmental protection by effectively recycling its paper. This shows that the company
pays equal regards to its corporate social responsibility as much as it pays to its financial
goals. Furthermore, it has been realised that the top management of the company is
effectively managing the employees of the company through the adoption of ethical standards
and providing them transparent and adequate leadership. However, the rival firms of the
industry have put allegations on the company for violating the rules and regulations by
entertaining bribery and copyright infringement practices but since the company has not
faced any legal interventions from the UK regulators particularly in these areas even after
such allegations. This shows that the MG Publishing is operating its business ethically. But
the investigation regarding financial misreporting indicates that the firm is not transparently
maintaining relations with its key shareholders. The company must make more efforts to
remove these allegations to maintain sound goodwill of its business in the market. Further,