Business Ethics and Corporate Governance, Second Edition

ROLE OF CORPORATE GOVERNANCE IN ENSURING ETHICS IN THE WORKPLACE

Over the past three decades, corporations with a view to reducing such conflicts of interest not only with employees, but also with other stakeholders have been following the best internationally accepted corporate governance practices. Such practices can help mitigate conflicts among employees, through formal codes, policies and rules that are put into practice and enforced by managements. These practices also can help minimize ethical dilemmas that arise in problem solving situations wherein decision rules are often vague or in conflict. Corporate governance centres around such values as integrity, accountability, transparency, full disclosure of financial and nonfinancial information ...