Corporate governance analysis Governance is a form of investor protection which might be expected to influence how investors behave. In the context of emerging markets where many of the institutions protecting investors in more developed markets may not be fully present, it is important to obtain a better appreciation of how emerging market funds use governance in the investment decisions. Therefore, we choose IOI Group because have good governance that builds our trust towards them. IOI Group maintains a strong leadership through sound governance and ethical business conduct. They believe in achieving responsible commercial success while balancing the interests of their stakeholders, as they fervently uphold sustainability practices in their businesses as well as regulatory laws imposed in the countries where they operate. Corporate culture and Core values of IOI Group The corporate culture and Core Values instilled in each and every employee provide them with a moral compass which essentially drives the Group’s commitment on doing business with integrity to achieve sustainable growth. The IOI Core Values consists of integrity, commitment, loyalty towards organization, the excellence in execution, speed or timeliness in responding to the ever changing business environment, innovativeness and cost efficiency have provide them additional competitive edge. The corporate culture of IOI Group is to always practice teamwork, to provide their customers with products and services that exceed their expectations and be recognised for that, to be the best in everything they do and to be a responsible corporate citizen. They also practices autonomy for the operating functions within prescribed framework underpinned by a timely feedback ... ... middle of paper ... ...lopment programme in Sarawaknamed the Lawas Project. Yayasan is funding the Lawas Project for the curriculum infrastructure development of the ethnic Lumbawang community in Sarawak to realise the short-term vision of raising competent native-speaking teachers and the long-term vision of building a training and research centre for ethnic pre-school training in Sarawak.Earth Hour references: 1.CSR Report : The trail of embracing corporate responsibility, 2009 Retrieved from www.ioigroup.com/Content/NEWS/PDF/CR_Book.pdf 2.Journal : Hemingway, C. A., & Maclagan, P. W. (2004). Managers' personal values as drivers of corporate social responsibility. Journal of Business Ethics, 50(1), 33-44. 3. The Official Newsletter of ISSUE NO: 53 JAN – MAR 2012 kdN NO: PQ/PP9740/03/2012(029428) 4. The Official Newsletter of ISSUE NO: 60 OCT – DEC 2013 KDN NO: PP9740/05/2013(033253)
Vol. 65 Issue 4, pg. 78. 316-319. The. 4 p. Ebsco Host. Tucker, Phillip Thomas, 1953.
The ethical code of an organization illustrates the importance of being honest, acting with integrity, and showing fairness in decision making (Bethel, 2015). Ultimately, “laws regulating business conduct are passed because some stakeholders believe they cannot be trusted to do what is right” (Ferrell, Fraedrich, & Ferrell, 2015, p. 95). In the last couple of years, culture has become the initiator for compliance, which means from the top down there has to be a commitment to act in a way that represents the company’s core values (Verschoor, 2015).
For a company to be successful ethically, it must go beyond the notion of simple legal compliance and adopt a values-based organizational culture. A corporate code of ethics can be a very valuable and integral part of a company’s culture but I believe that it is not strong enough to stand alone. Thought and care must go into constructing the code of ethics and the implementation of it. Companies need to infuse ethics and integrity throughout their corporate culture as well as into their definition of success. To be successfully ethical, companies must go beyond the notion of simple legal compliance and adopt a values-based organizational culture.
ed. Vol. 2. New York: Harry N. Abrams, Inc., 1995. 973-974. Yaeger, Bert D. The
...tive sources. As seen by its thoroughness, and attention to detail and reliability by its specialized writers, this paper is the most useful location for information regarding the topic.
submitted on Wednesday, 27 September 2017, 12:55 AMmodified on Wednesday, 27 September 2017, 12:57 AM
Post, T. (2013, June 14). wordpress.com. Retrieved May 6, 2014, from Hades 1 Solution: https://hades1solution.wordpress.com/2013/06/14/
Moral and ethical leaders are essential for any successful business because these leaders are the essential links between the organization’s objectives and its stakeholders. Leaders are the face of any organization, and their actions reflect the values and the ethics the organization they represent. Therefore, if a leader’s action and decision is ethical, the stakeholders and other organizations will respect the leader and the organization. Recent history has shown that ethical behaviors are important in sustaining businesses; large corporations such as Enron, Chevron, and Worldcom, destroyed people’s lives through unethical business behaviors (Josephson, M., 2013). If these corporations and its executives have operated morally and ethically, they would have been able to avoid bankruptcy and escaped going to prison (The Economist, 2002). Having ethical leadership in organizations will help to eliminate the negative impact executive’s gre...
Poewe Werner, Angelo Antonini, Jan CM Zijlmans, et al. 2010. Journal of Dovepress Volume 2010:5 Pages 229.
Different individuals value different principles and my preferred standards are for the good of the majority while excluding self interests. As already stated in the introductory segment, ethical leaders are always concerned about the welfare of others. My own personal values aim to accomplish that (Brown, Treviño, & Harrison, 2005). My core ethical lenses are autonomy and rationality. This value emphasizes more on responsibility and this will ensure that my personal views on benefiting the majority are fulfilled. Responsible leaders respect humanity first before any other benefits accrued to the organization. A good decision is the one that fulfills the desire of many, even if it means the company will lose. But with rationality, a good leader will balance all these for the benefit of both
1984. Pgs. 375-94. Print. Further references are to this edition and will appear parenthetically in the text.
... middle of paper ... ... Web. 19 Apr. 2014.
Vol. 10. Detriot: Gale Group, 2000. 165-195. Gale Virtual Reference Library. Web. 24 Feb. 2014
Corporate culture is the shared values and meanings that members hold in common and that are practiced by an organization’s leaders. Corporate culture is a powerful force that affects individuals in very real ways. In this paper I will explain the concept of corporate culture, apply the concept towards my employer, and analyze the validity of this concept. Research As Sackmann's Iceberg model demonstrates, culture is a series of visible and invisible characteristics that influence the behavior of members of organizations. Organizational and corporate cultures are formal and informal. They can be studied by observation, by listening and interacting with people in the culture, by reading what the company says about its own culture, by understanding career path progressions, and by observing stories about the company. As R. Solomon stated, “Corporate culture is related to ethics through the values and leadership styles that the leaders practice; the company model, the rituals and symbols that organizations value, and the way organizational executives and members communicate among themselves and with stakeholders. As a culture, the corporation defines not only jobs and roles; it also sets goals and establishes what counts as success” (Solomon, 1997, p.138). Corporate values are used to define corporate culture and drive operations found in “strong” corporate cultures. Boeing, Johnson & Johnson, and Bonar Group, the engineering firm I work for, all exemplify “strong” cultures. They all have a shared philosophy, they value the importance of people, they all have heroes that symbolize the success of the company, and they celebrate rituals, which provide opportunities for caring and sharing, for developing a spiri...
Ethical leadership organizational ethics and socially responsibility are inseparable (Johnson). Leadership is not a inherited gift or family heritage; it is not a degree from an ivy league graduate school. Becoming a leader is an intentional process of growth that must be lived out experientially (Mullane). Ethical leaders demonstrate three distinctive characteristics, knowledge, action and character. Leaders have to have the ability to say “yes” or even “no” to a never ending series of challenges. A leader needs to be able to define their values, character and leadership style. When accepting the role of leadership you become encumbered by ethical issues and concerns. .