Report- one of the corporate scandals contained in Fortune-link provided

Corporate Scandals

Contents
MAIN BODY...................................................................................................................................3
Part 1................................................................................................................................................3
Critically define the concept which tend to investigating with references on which chosen
case.........................................................................................................................................3
Part 2................................................................................................................................................5
Investigate and evaluate about the approaches and reflect to highlight about normative and
descriptive business ethics theories........................................................................................5
Part 3................................................................................................................................................7
Using of same case study analyse the stakeholder perspective on business behaviour.........7
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Corporate Scandals is defined as widely that publicised which incident involving
negative form of allegation of managerial wrongdoing, unethical, disgrace or moral outrage on
part of one more member of a company. In recent world many corporate frauds happens at the
time of financial years where millions and billions form of money get disrupted or corrupted
within multinational business (Fatima, Ishtiaq and Javed., 2021). Similarly, in this following
report there is a case study which is discuss on Facebook company. As it is an American social
media and social networking which is based in Menlo park, California. It was founded Mark
Zuckerberg along with fellow Harvard college. “The scandal which had happened on because
previous version of Facebook privacy policy had allowed apps to access data about users
friend’s such as their name, birth and other form of data. This is form of global research to
gather information about 87 millions where Facebook through user even through only around
30,000 people who were actually used this application. Further this issue detail later sold to
Cambridge Analytica, who used to create high target advertisement that directly or indirectly
optimise use for trumps and Brexit. The furore surrounding where it was serious to asking
question in front of Congress in the United States”. In topic are covers within case study which
consider to elaborate about Corporate social responsibility or sustainability along with corporate
governance (Dang and et.al, 2021). Different investigate about approach on which relevant
descriptive business ethics theories. Through using case study analyse the stakeholder on the
business behaviour.
MAIN BODY
Part 1.
Critically define the concept which tend to investigating with references on which chosen case.
Corporate Governance: It is the meaning which refers about the combination of rules and
process or laws which business are operated through better regulated for controlled (Prince ,
2021). The term encompasses within internal and external which affect the interest and external
factor that affect the interest of company’s stakeholder including shareholder, customer
suppliers through which government regulates and management. As per the case of Facebook
scandal that company was not measuring their policy as well as their corporate governance refers
about specially towards set of rules and controls, policies and resolution put within the place to

highlight corporate behaviour which highlight about board of directors that enhance in
governance and it major modification for equity valuation (Martins, Gomes and Branco , 2021).
The corporate governance of Facebook has adopted corporate governance guidelines to reflect
the board are having strong communication to reflect the Board that corporate sounds practise to
encourage within effective policy and decision making at both management level, with the view
of enhancing as per long term value of Facebook stockholder. These corporate governance
guidelines are intended to assist within Board of director to better to conduct business with
effective framework that creates effective structure.
Corporate Social Responsibility(CSR): The Corporate Social Responsibility which is
type of international private business self regulation that aims to contribute to societal goals of a
philanthropic, activist or charitable nature engaging in our supporting volunteering or ethically
oriented practices (Baten., 2021). By practising corporate social responsibility which is also
called corporate citizenship companies can be conscious of the kind of impact they are having all
aspect of society which including social, political, economic and environmental. The
understanding of CSR activity is high board concept that can take form of reliable on company
industry. As it is important as corporate social responsibility for community, it is equally
valuable for company. The corporate social responsibility activities is having forge as stronger
that having bond employees and corporation which boost morale and help both employees and
employer more connected with world around them (Suleiman., 2021). In perspective of CSR
activities to company is ver important and valuable where they have forge employees and
corporation around with them. In terms of Facebook company as their scandal happen on
leaking personal data of user and it cann be optimise by other through hacking. There was lack of
CSR activities in fact this issues was not reflect ethical practise are to be followed:
 Company like Facebook need to follow polices on the basis of working which
partners who must follow ethical business practises.
 Reinvesting profit generate in health and safety or effective environment
program.
 Supporting charitable organisation in the communities where a company operates
effective environment program.
 Supporting charitable organisation within communities where a company usually
operates effectively.