April 2024
Beginner
760 pages
39h 4m
English
book
Fernando's Business Ethics and Corporate Governance, 3rd Edition
by K P Muraleedharan, E K Satheesh
Content preview from Fernando's Business Ethics and Corporate Governance, 3rd Edition
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Chapter 15
Theories and Models of Corporate Governance 503
MANAGERIAL OBLIGATION
1. Protecting company’s assets: The assets of the company should not be dissipated or
misused but invested for the purpose of conducting the business for which they are duly
authorised. These include tangible assets such as equipment and machinery, systems,
facilities, resources as well as intangible assets such as proprietary information, relation-
ships with customers and suppliers, etc.
2. Behaviour towards government agencies: A company’s employees should not offer or
give any of the rm’s funds or property as donation to any government agencies or their ...
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