36 Case Studies in Business Ethics and Corporate Governance
material risks being incurred by the company. It is also responsible for avoiding confl icts of interest
with the company and its shareholders.
Financial Statements and Disclosures
The management is responsible for producing fi nancial statements that fairly present the company’s
fi nancial condition, cash fl ows, results of operations and related risks in a clear and understandable way.
This is done for making timely and complete disclosures to investors, and for keeping the Board and the
appropriate Committees of the Board well-informed on all matters of signifi cance.
Strategic Planning
The Chairman/Chief Executive Offi cer and senior management are responsible for developing and pre-
senting ...
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