Business Sustainability, Corporate Governance, and Organizational Ethics

Business Sustainability, Corporate Governance, and Organizational Ethics

by Zabihollah Rezaee, Timothy Fogarty
Released November 2019
Publisher(s): Wiley
ISBN: 9781119601456

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Book description

A comprehensive framework for understanding the most important issues in global business This is the e-book version of Business Sustainability, Corporate Governance, and Organizational Ethics. In today's business environment, multinational corporations are under pressure from investors, lawmakers, and regulators to improve their corporate governance, business sustainability, and corporate culture. Business sustainability, corporate governance, and organizational ethics are taking center stage in the global business environment. This long-awaited text covers each of these three important areas in detail, guiding readers to a robust understanding with features including chapter summaries, essential terms, discussion questions, and cases for each topic covered.

Table of contents

  1. Cover
  2. Preface
  3. Acknowledgments
  4. Introduction
    1. Book Features
    2. Relevance of the Book
    3. Classroom Implications of the Book
    4. Module I: The Free Enterprise System and Financial Markets
    5. Module II: Business Sustainability: Practice, Research, and Education
    6. Module III: Corporate Governance: Practice, Research, and Education
    7. Module IV: Organizational Ethics: Practice, Research, and Education
    8. Notes
  5. Abbreviations
  6. Module I The Free Enterprise System and Financial Markets
    1. Chapter 1 The Free Enterprise System, Financial Markets, and Corporate Culture
      1. 1. Introduction
      2. 2. The Free Enterprise System
      3. 3. Public Trust and Investor Confidence
      4. 4. Investment Stewardship
      5. 5. Summary
      6. 6. Key Points
      7. 7. Terms
      8. Review Questions
      9. Discussion Questions
      10. True/False Questions
      11. Multiple Choice Questions
      12. Notes
    2. Chapter 2 The Role and Responsibilities of Business in Society
      1. 1. Introduction
      2. 2. The Role of Corporations
      3. 3. Corporate Stakeholders
      4. 4. Global Financial Scandals and Crises
      5. 5. Smart Regulations
      6. 6. Sources of Information for Capital Markets
      7. 7. The Role of Financial Information in the Capital Markets
      8. 8. Summary
      9. 9. Key Points
      10. Terms
      11. Review Questions
      12. Discussion Questions
      13. True/False Questions
      14. Multiple Choice Questions
      15. Notes
    3. Chapter 3 Introduction to Business Sustainability, Corporate Governance, and Organizational Ethics
      1. 1. Introduction
      2. 2. Business Sustainability
      3. 3. Corporate Governance
      4. 4. Organizational Ethics
      5. 5. Summary
      6. 6. Key Points
      7. Terms
      8. Review Questions
      9. Discussion Questions
      10. True/False Questions
      11. Multiple Choice Questions
      12. Notes
  7. Module II Business Sustainability: Practice, Research, and Education
    1. Chapter 4 Business Sustainability
      1. 1. Introduction
      2. 2. Definition of Business Sustainability
      3. 3. Sustainability Attributes
      4. 4. Principles
      5. 5. Sustainability Factors
      6. 6. Sustainability Reporting and Assurance
      7. 7. Professional Organization Influencing Sustainability
      8. 8. Best Practices of Sustainability Performance, Reporting, and Assurance
      9. 9. Managerial Implications of Sustainability Programs and Activities
      10. 10. Global Move toward Sustainability Performance, Reporting, and Assurance
      11. 11. Summary
      12. 12. Key Points
      13. Terms
      14. Review Questions
      15. Discussion Questions
      16. True/False Questions
      17. Multiple Choice Questions
      18. Notes
    2. Chapter 5 Sustainability Principles, Theories, Research, and Education
      1. 1. Introduction
      2. 2. Institutional Background
      3. 3. Sustainability Principles
      4. 4. Sustainability Theories
      5. 5. Sustainability Standards
      6. 6. Implications of Sustainability Principles, Theories, and Standards
      7. 7. Sustainability Research
      8. 8. Business Sustainability Education
      9. 9. Sustainability Certifications
      10. 10. Summary
      11. 11. Key Points
      12. Terms
      13. Review Questions
      14. Discussion Questions
      15. True/False Questions
      16. Multiple Choice Questions
      17. Notes
    3. Chapter 6 Drivers and Sources of Business Sustainability Initiatives
      1. 1. Introduction
      2. 2. Mandatory Business Sustainability Initiatives
      3. 3. Voluntary Business Sustainability Initiatives
      4. 4. Summary
      5. 5. Key Points
      6. Terms
      7. Review Questions
      8. Discussion Questions
      9. True/False Questions
      10. Multiple Choice Questions
      11. Notes
    4. Chapter 7 Financial Economic Dimension of Sustainability
      1. 1. Introduction
      2. 2. Shared Value Creation
      3. 3. Financial Economic Sustainability Performance
      4. 4. Risk Assessment and Financial Sustainability
      5. 5. Forward-looking Financial Reports
      6. 6. Value Relevance of Financial Economic Sustainability
      7. 7. Summary
      8. 8. Key Points
      9. Terms
      10. Review Questions
      11. Discussion Questions
      12. True/False Questions
      13. Multiple Choice Questions
      14. Notes
    5. Chapter 8 Nonfinancial Dimension of Sustainability
      1. 1. Introduction
      2. 2. Governance Dimension of Sustainability Performance
      3. 3. Social Dimension of Sustainability
      4. 4. Ethical Dimension of Sustainability
      5. 5. Environmental Dimension of Sustainability
      6. 6. Internal Control and Nonfinancial Sustainability
      7. 7. Summary
      8. 8. Key Points
      9. Terms
      10. Review Questions
      11. Discussion Questions
      12. True/False Questions
      13. Multiple Choice Questions
      14. Notes
    6. Chapter 9 Business Sustainability Performance Reporting and Assurance
      1. 1. Introduction
      2. 2. Financial and Nonfinancial Key Performance Indicators (KPIs)
      3. 3. Sustainability Reporting
      4. 4. Integrated Sustainability Reporting
      5. 5. Sustainability Assurance
      6. 6. Global Status of Sustainability Performance Reporting and Assurance
      7. 7. Best Practices of Sustainability Reporting and Assurance
      8. 8. Relevance of Sustainability Information
      9. 9. Sustainability Ratings
      10. 10. Summary
      11. 11. Key Points
      12. Terms
      13. Review Questions
      14. Discussion Questions
      15. True/False Questions
      16. Multiple Choice Questions
      17. Notes
    7. Chapter 10 Emerging Issues in Sustainability Performance, Reporting, and Assurance
      1. 1. Introduction
      2. 2. Sustainability Reporting Guidelines
      3. 3. Effective Implementation of Sustainability
      4. 4. Sustainability Risk Assessment and Management
      5. 5. Future Trends in Sustainability Performance
      6. 6. Future Trends in Sustainability Reporting
      7. 7. Future Trends in Sustainability Assurance
      8. 8. Emergence of Benefit Corporations and Corporate with Social Purposes
      9. 9. Emergence of Profit-with-Purpose Companies and Shared Value Concept
      10. 10. Corporate Governance and Business Sustainability
      11. 11. Planning for Business Sustainability
      12. 12. Global Collaboration and Leadership for Sustainability
      13. 13. Summary
      14. 14. Key Points
      15. Terms
      16. Review Questions
      17. Discussion Questions
      18. True/False Questions
      19. Multiple Choice Questions
      20. Notes
  8. Module III Corporate Governance: Practice, Research, and Education
    1. Chapter 11 An Introduction to Corporate Governance
      1. 1. Introduction
      2. 2. Definition of Corporate Governance
      3. 3. Evolution of Corporate Governance
      4. 4. Aspects of Corporate Governance
      5. 5. New Paradigm for Corporate Governance
      6. 6. Sources of Corporate Governance
      7. 7. Corporate Gatekeepers
      8. 8. Corporate Culture and Governance
      9. 9. Corporate Governance as a Strategic Imperative
      10. 10. Summary
      11. 11. Key Points
      12. Terms
      13. Review Questions
      14. Discussion Questions
      15. True/False Questions
      16. Multiple Choice Questions
      17. Notes
    2. Chapter 12 Fundamentals of Corporate Governance
      1. 1. Introduction
      2. 2. Corporate Governance Theories
      3. 3. Corporate Governance Structure
      4. 4. Corporate Governance Mechanisms
      5. 5. Summary
      6. 6. Key Points
      7. Terms
      8. Review Questions
      9. Discussion Questions
      10. True/False Questions
      11. Multiple Choice Questions
      12. Notes
    3. Chapter 13 Oversight Function
      1. 1. Introduction
      2. 2. Role of the Board of Directors
      3. 3. Board Models
      4. 4. Board Attributes
      5. 5. Determinants of an Effective Board Best Practices
      6. 6. Board Accountability
      7. 7. The Board of Directors’ Role in Business Sustainability
      8. 8. Board Emerging Issues
      9. 9. Summary
      10. 10. Key Points
      11. Terms
      12. Review Questions
      13. Discussion Questions
      14. True/False Questions
      15. Multiple Choice Questions
      16. Notes
    4. Chapter 14 Board Committees
      1. 1. Introduction
      2. 2. Types and Importance of Board Committees
      3. 3. Summary
      4. 4. Key Points
      5. Terms
      6. Review Questions
      7. Discussion Questions
      8. True/False Questions
      9. Multiple Choice Questions
      10. Notes
    5. Chapter 15 Managerial Function
      1. 1. Introduction
      2. 2. Management Responsibilities
      3. 3. Financial Reporting Requirements
      4. 4. Summary
      5. 5. Key Points
      6. Terms
      7. Review Questions
      8. Discussion Questions
      9. True/False Questions
      10. Multiple Choice Questions
      11. Notes
    6. Chapter 16 Compliance Function
      1. 1. Introduction
      2. 2. Regulatory Reforms in the United States
      3. 3. Securities and Exchange Commission (SEC)
      4. 4. Public Company Accounting Oversight Board (PCAOB)
      5. 5. Role of Regulators and Standard Setters
      6. 6. Federal Sentencing Guidelines for Organizations
      7. 7. Committee of European Securities Regulators
      8. 8. American Institute of Certified Public Accountants
      9. 9. Financial Accounting Standards Board
      10. 10. Government Accounting Standards Board
      11. 11. International Federation of Accountants (IFAC)
      12. 12. Role of the State and Federal Attorney General
      13. 13. Corporate Governance and Courts
      14. 14. Corporate Governance and Self-Regulatory Organizations
      15. 15. Best Practices
      16. 16. Institutional Investors
      17. 17. Summary
      18. 18. Key Points
      19. Terms
      20. Review Questions
      21. Discussion Questions
      22. True/False Questions
      23. Multiple Choice Questions
      24. Notes
    7. Chapter 17 External Auditing Function
      1. 1. Introduction
      2. 2. External Auditing and Corporate Governance
      3. 3. Professional Skepticism
      4. 4. Public Company Accounting Oversight Board
      5. 5. Audit Committee Oversight of External Auditors
      6. 6. Lead Auditor Rotation Requirement
      7. 7. Rotation of Public Accounting Firms
      8. 8. Audit Firm Selection
      9. 9. Independent Auditor Communication with the Audit Committee
      10. 10. Audit Committee and PCAOB Inspection
      11. 11. Auditor Independence
      12. 12. Consolidation and Competition in Public Accounting Firms
      13. 13. Auditor Limited Liability Provisions
      14. 14. Integrated Audit Approach
      15. 15. Audit Risk Model Under the Integrated Audit Approach
      16. 16. Audit of Defined Benefit Pensions
      17. 17. Audit of Executive Compensation Including Stock Options
      18. 18. Big Data, Data Analytics, and Continuous Auditing
      19. 19. Summary
      20. 20. Key Points
      21. Terms
      22. Review Questions
      23. Discussion Questions
      24. True/False Questions
      25. Multiple Choice Questions
      26. Notes
    8. Chapter 18 Internal Auditing Function
      1. 1. Introduction
      2. 2. The Internal Auditing Function and Corporate Governance
      3. 3. Trend and Relevance of Internal Auditors
      4. 4. Regulatory Reform and the Role of Internal Auditors
      5. 5. Institute of Internal Auditors
      6. 6. Internal Auditing Education
      7. 7. Audit Committee Relationship with Internal Auditor
      8. 8. Internal Auditors’ Role in Internal Control
      9. 9. Authorities and Responsibilities of Internal Auditors
      10. 10. Evaluation of the Internal Audit Function
      11. 11. Internal Audit Outsourcing
      12. 12. Institute of Internal Auditors
      13. 13. Determinants of an Effective Internal Audit
      14. 14. Internal Auditing Education
      15. 15. Summary
      16. 16. Key Points
      17. Terms
      18. Review Questions
      19. Discussion Questions
      20. True/False Questions
      21. Multiple Choice Questions
      22. Notes
    9. Chapter 19 Legal and Advisory Function
      1. 1. Introduction
      2. 2. Legal and Financial Advisory Function
      3. 3. Legal Counsel
      4. 4. Financial and Investment Advisors
      5. 5. Summary
      6. 6. Key Points
      7. Terms
      8. Review Questions
      9. Discussion Questions
      10. True/False Questions
      11. Multiple Choice Questions
      12. Notes
    10. Chapter 20 Monitoring Function
      1. 1. Introduction
      2. 2. Monitoring Function
      3. 3. Shareholders
      4. 4. Institutional Investors
      5. 5. Mutual Funds
      6. 6. Hedge Funds
      7. 7. Pension Funds
      8. 8. Investor Activists
      9. 9. Employee Monitoring
      10. 10. Summary
      11. 11. Key Points
      12. Terms
      13. Review Questions
      14. Discussion Questions
      15. True/False Questions
      16. Multiple Choice Questions
      17. Notes
    11. Chapter 21 Corporate Governance of Private Companies and Not-for-Profit Organizations
      1. 1. Introduction
      2. 2. Corporate Governance of Private Companies
      3. 3. Corporate Governance and the Initial Public Offering
      4. 4. Corporate Governance of Emerging Growth Companies
      5. 5. Not-for-Profit Organizations
      6. 6. Corporate Governance Reforms Relevant to NPOs
      7. 7. College and University Governance
      8. 8. Summary
      9. 9. Key Points
      10. Terms
      11. Review Questions
      12. Discussion Questions
      13. True/False Questions
      14. Multiple Choice Questions
      15. Notes
    12. Chapter 22 Corporate Governance, Performance, Information Technology, Research, Education, and Reporting
      1. 1. Introduction
      2. 2. Corporate Governance Performance Evaluation
      3. 3. Information Technology (IT)
      4. 4. Cybercompany Model
      5. 5. Extensible Business Reporting Language (XBRL)
      6. 6. Continuous Auditing
      7. 7. Corporate Governance Education
      8. 8. Corporate Governance Research
      9. 9. Corporate Governance Reporting
      10. 10. Corporate Governance Key Performance Indicators
      11. 11. Corporate Governance Assurance
      12. 12. Corporate Governance Ratings
      13. 13. Summary
      14. 14. Key Points
      15. Terms
      16. Review Questions
      17. Discussion Questions
      18. True/False Questions
      19. Multiple Choice Questions
      20. Notes
    13. Chapter 23 Transformation of Corporate Governance, Contemporary Issues, and Global Perspectives
      1. 1. Introduction
      2. 2. A Historical Perspective of Corporate Governance
      3. 3. Investor Confidence and Global Financial Markets
      4. 4. Corporate Governance Challenges
      5. 5. Emerging Issues in Global Corporate Governance
      6. 6. Global Corporate Governance
      7. 7. Supervision and Enforcement of Corporate Governance
      8. 8. Shareholder Challenging Issues
      9. 9. Challenges Facing Directors
      10. 10. The Role of Institutional Investors in Corporate Governance
      11. 11. Corporate Governance Relevant to Minority Shareholders
      12. 12. Risk Management and Corporate Governance
      13. 13. Banks’ Corporate Governance
      14. 14. Corporate Governance in the Aftermath of the 2007–2009 Global Financial Crisis
      15. 15. Corporate Governance Post-Brexit
      16. 16. Emerging Growth Companies Governance
      17. 17. Private Companies Governance
      18. 18. Family-Owned Governance
      19. 19. Future Initiatives in Corporate Governance
      20. 20. Corporate Governance Reforms and Best Practices
      21. 21. Differences in Corporate Governance
      22. 22. Corporate Ownership and Control
      23. 23. Capital Markets
      24. 24. Culture
      25. 25. Legal System
      26. 26. Organisation for Economic Co-operation and Development
      27. 27. Global Trends in Corporate Governance
      28. 28. Corporate Governance in Emerging Markets
      29. 29. Convergence in Corporate Governance
      30. 30. Corporate Governance in the Postglobal Financial Crisis
      31. 31. Corporate Governance of Multinational Corporations
      32. 32. The Emergence of Platform Governance
      33. 33. Forthcoming Changes in Corporate Governance
      34. 34. Summary
      35. 35. Key Points
      36. Terms
      37. Review Questions
      38. Discussion Questions
      39. True/False Questions
      40. Multiple Choice Questions
      41. Notes
  9. Module IV Organizational Ethics: Practice, Research, and Education
    1. Chapter 24 Overview of Business Ethics
      1. 1. Introduction
      2. 2. Ethics in the News
      3. 3. Ethics and the Modern Practice of Business
      4. 4. Why We Think Business Ethics Are Important
      5. 5. Ethical Behavior and the Individual
      6. 6. Considering the Counterpoints
      7. 7. Ethics: A Theoretical Approach
      8. 8. Summary
      9. 9. Key Points
      10. Terms
      11. Review Questions
      12. Discussion Questions
      13. True/False Questions
      14. Multiple Choice Questions
      15. Notes
    2. Chapter 25 Where Ethics Come From: Gazing at the Human Condition
      1. 1. Introduction
      2. 2. Philosophical Contributions to the Understanding of Ethics
      3. 3. Religion’s Contributions to the Understanding of Ethics
      4. 4. Legal Contributions to the Understanding of Ethics
      5. 5. The Influence of the Family on Ethics
      6. 6. The Influence of Social Norms on Ethics
      7. 7. Insights from the Social Sciences
      8. 8. Educational Institutions and Ethics
      9. 9. Business and Ethics
      10. 10. Summary
      11. 11. Key Points
      12. Terms
      13. Review Questions
      14. Discussion Questions
      15. True/False Questions
      16. Multiple Choice Questions
      17. Notes
    3. Chapter 26 How People Make Ethical Decisions
      1. 1. Introduction
      2. 2. Ethics as a Stage Model
      3. 3. Demographic Variables
      4. 4. Slippery Slope
      5. 5. The Fraud Triangle
      6. 6. Psychological Theories
      7. 7. Economic Theory
      8. 8. A Process Model
      9. 9. The Triangle of Business Ethics
      10. 10. Summary
      11. 11. Key Points
      12. Terms
      13. Review Questions
      14. Discussion Questions
      15. True/False Questions
      16. Multiple Choice Questions
      17. Notes
    4. Chapter 27 Ethics as Corporate Culture
      1. 1. Introduction
      2. 2. Culture Defined
      3. 3. Corporate Culture
      4. 4. Corporate Culture and Ethics
      5. 5. The Tone at the Top
      6. 6. Employee Treatment: An Acid Test
      7. 7. Protecting Employees from Themselves
      8. 8. The Embeddedness of Corporate Culture
      9. 9. Recognizing the Rivalry of Internal Cultures
      10. 10. The Levels of Corporate Culture
      11. 11. Dysfunctional Corporate Culture
      12. 12. Corporate Culture in Action
      13. 13. Summary
      14. 14. Key Points
      15. Terms
      16. Review Questions
      17. Discussion Questions
      18. True/False Questions
      19. Multiple Choice Questions
      20. Notes
    5. Chapter 28 The Institutionalization of the Ethical Corporation
      1. 1. Introduction
      2. 2. Ethics Institutionalization
      3. 3. Steps Toward Creating an Ethics Program
      4. 4. Maintaining an Ethics Program
      5. 5. Ethics Globalization and Its Discontents
      6. 6. The Range of Institutionalization
      7. 7. The External Regulatory Environment
      8. 8. Limitations to Ethical Institutionalization
      9. 9. Summary
      10. 10. Key Points
      11. Terms
      12. Review Questions
      13. Discussion Questions
      14. True/False Questions
      15. Multiple Choice Questions
      16. Notes
    6. Chapter 29 Emerging Business Ethics Issues
      1. 1. Introduction
      2. 2. The Extent of Employer Responsibility
      3. 3. Employee Rights and Responsibilities
      4. 4. The Role of Technology
      5. 5. Privacy
      6. 6. Marketing
      7. 7. The Role of the Government
      8. 8. Postmodern Ethics
      9. 9. Beyond the Fraud Triangle
      10. 10. Enforcement
      11. 11. The Ethical Dimensions of Systems
      12. 12. Ethics in the Workplace
      13. 13. Professional Ethics
      14. 14. Code of Stewardship for Institutional Investors
      15. 15. Integrity in Financial Reporting
      16. 16. Summary
      17. 17. Key Points
      18. Key Terms
      19. Review Questions
      20. Discussion Questions
      21. True/False Questions
      22. Multiple Choice Questions
      23. Notes
    7. Chapter 30 Ethical Leadership
      1. 1. Introduction
      2. 2. Leadership
      3. 3. Attributes of Ethical Leadership
      4. 4. Leadership Resides in Circumstances
      5. 5. Leadership Followers
      6. 6. Corporate Social Responsibility: An Application
      7. 7. Ethical Leadership in the Professions
      8. 8. Workplace Ethics
      9. 9. Ethics Compliance Programs
      10. 10. Summary
      11. 11. Key Points
      12. Terms
      13. Review Questions
      14. Discussion Questions
      15. True/False Questions
      16. Multiple Choice Questions
      17. Notes
  10. Index
  11. End User License Agreement

Product information

  • Title: Business Sustainability, Corporate Governance, and Organizational Ethics
  • Author(s): Zabihollah Rezaee, Timothy Fogarty
  • Release date: November 2019
  • Publisher(s): Wiley
  • ISBN: 9781119601456