Week 10: Creating Value with Ethical Behavior and Good Corporate Governance

Week 10 Readings, Multimedia and Assignments

Reading

• Whetten, D., Rands, G., & Godfrey, P. (2006). What are the responsibilities of business to society?. In A. Pettigrew, H. Thomas & R. Whittington Handbook of strategy and management (pp. 373-403). London: SAGE Publications Ltd. Doi: 10.4135/9781848608313.n17
• Schmitz, A. (Trans.). 2012. Governance and accountability.
• Smith, H.J. (2003). The shareholders vs. stakeholders debate. Sloan Management Review, 44(4), 85-90. (UMUC Library)
• Erbschloe, M. (2015). Corporate social responsibility. Research Starters: Business (Online Edition). (UMUC Library)

Multimedia

• Freeman, R.E. [DardenMBA]. (2009, May 13). Teaching business ethics. [Video file].

Assignment

Discussion Assignments:

This week’s discussion activity focuses on corporate governance issues from the perspectives of shareholders, employees, regulatory bodies, and other stakeholders. This discussion will be graded with your Week 8 discussion activity.

Discussion Activity 6 – Ethics and Corporate Social Responsibility

Propose a recent (within last 3 years) business ethics case that you are familiar with; alternatively search on the internet or among the following resources one business ethics case:

• http:// 

Discuss this case using the following Corporate Social Responsibility approaches:

• Stakeholder Theory
• Corporate Citizenship
• Corporate Social Performance
• Legal, Economic, Moral and Social responsibilities.

In this chapter we were provided a chart of accounts with sixteen accounts in exhibit 2 in the text. From that chart of accounts select an account (try to pick one that has not been discussed yet), in the subject box put the account title you selected, then do the following:

1. Assets, Liabilities, Owner’s Equity, Revenues, and Expenses are the five categories (account types) that an account can be classified as. Which category is the account you selected included in?

2. The double-entry accounting system has specific rules for recording debits and credits based on the type of account. Describe how these rules apply to the account you selected.

3. The normal balance of an account can be either a debit or a credit depending on whether increases in the account are recorded as debits or credits. What is the normal balance of the account you selected?

4. Think of a transaction that your account would be used in. Describe and illustrate journalizing the transaction.