Micro link Information Technology and Business College
Department of Accounting and Finance
Business ethics & Corporate Governance
Assignment Submission date: Exam date
Part I: Essay type questions
1. Define the term ethics.
2. What are the different ethical business concepts?
3. What is the golden rule models?
4. What do you understand by business ethics? What are its benefits?
5. Mention five ethical codes usually formulated by organizations.
6. What are the characteristics of a good decision-making?
7. What are the steps in the process of decision-making?
8. Define corporate governance.
9. What are the characteristics of good corporate governance?
10. What are the unethical methods followed during advertising?
11. Discuss the benefits and importance of corporate governance.
12. Explain the role of corporate governance in modern business.
13. “Corporate governance is beyond the realm of law”. Analyze the statement.
14. What are the rights of the shareholders? Discuss.
15. Individuals on the Board who are not a part of the company are referred to
as………………directors.
16. ……………………………committee plays a vital role in selecting independent non-executive
Directors to the Board.
17.. Nomination committee is appointed by the ……………………
18. The main purpose of forming the remuneration committee is to establish a
……………………. relationship.
19. Critically analyze the purpose of forming the nomination committee.
20. Non-executive directors have a…………..role to play.
21. Generally, a base salary, performance bonus and ……………….make up the remuneration
of directors on Board.
22. The word ethics has originated from the word ........................
23. Discuss the ethical principles in business.
24. What are the ethical issues involved with advertising?
25. Exercise: Which is Correct?
Below are four courses of action which can be classified on an ethical/legal
scale and a set of examples (classified from A to E) to go with them. Please
match the corresponding number to each example and write it into the space
provided on the left.
1. Ethical and legal
2. Unethical and legal
3. Ethical and illegal
4. Unethical and illegal
……... A. To give a minister in a foreign country a present worth $50 000 with the
expectation that he will ensure your company gets a contact in that country; to
show this gift as expenditure in the firm’s accounts.
……… B. To sell 1% of the car tires you have produced although you know that
they are defective; to replace those tires if there are any complaints from
consumers.
……… C. To develop and produce an additive that would decrease petrol
consumption by 10% in cars.
……… D. To promise to give one of the representatives in the local municipal
council $100 000 if she votes in favor of your application for a local television franchise.
……… E. To develop a vaccine for preventing bone cancer which has been
approved by the relevant authorities.
