etermine the job specification for a new head of corporate governance.
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The CEO of a 200-year-old European bank with head office in Hong Kong had a meeting to determine the job specification for a new head of corporate governance.
The meeting included three executives:
- The CEO who wanted an executive who would work effectively to minimize compliance risk, be harmonious and help to sustain profits.
- The head of HR, who wanted an ethics/principles motivated person who would role model behavior for junior staff.
- The head of operations, who wanted a strong ‘black letter’ policy and procedures manual with “DO”, and “DO NOT” stipulated.
Discuss the different views with respect to enforcement of corporate governance, indicate with which view you agree and discuss it
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- You are a Manager of a big company, and you are faced with a crucial ethical issue at your workplace. This ethical issue needs to be solved immediately; otherwise, it will influence the ethical culture of the whole organization. a) Would you make this ethical decision by yourself and bear the consequences (either positive or negative)? Give reasons for your answer. b) Would you involve others in this ethical decision-making? If yes, which form of the group (group of people) would you involve in and why? Make sure you make a critical evaluation by providing specific examples that happened or could have happened at your workplace.Firm size, industry competition, CEO power and discretion and the level of stress a a CEO's job entails are factors in determining what? Select one: a. How large a board of directors an organization must have b. Whether an organization can function internationally c. A CEO's compensation package d. Employees' level of job satisfaction and overall feeling of internal support of their supervisorshow to respond to this in 100 words? A stability strategy is a corporate strategy that focuses on maintaining the current business operations and staying consistent with existing products, markets, and business processes (Parnell, 2017). This strategy aims to avoid major changes and risks, and instead, focuses on optimizing efficiency and profitability within the current business model (Wang et al., 2020). There are many reasons why an organization may choose to adopt a stability strategy, as this strategy is usually adopted when a company operates in a stable industry with limited growth opportunities and has achieved a dominant market position (Parnell, 2017). Oftentimes, stability strategies are employed during times of uncertainty or economic downturn, making core business and resource conservation a priority (Wang et al., 2020). Although stability strategies appear to be less dynamic and aggressive in comparison to growth or innovation-focused strategies, stability strategies can,…
- Kaily Bach was recently promoted to the managing director's position at Big Wheel Bikes, Inc. Kaily was told by her boss that she received the promotion because he believed she had the management skills necessary to help the company become more efficient and effective. During her first week, Kaily first compared the actual revenues and expenses of the company with desired results. She also met with employees to get their feedback and suggestions. Armed with this information, she formulated the future course of action for Big Wheel Bikes. One of her short-term goals is to provide the employees of Big Wheel Bikes with flexible working schedules. Another short-term goal is to create business lunches, in which groups of five employees meet over lunch to discuss organizational objectives. Kaily is confident she can lead the company into a prosperous future. Refer to Big Wheel Bikes, Inc. Which managerial function is Kaily performing when she compares the actual revenue and expense…Kaily Bach was recently promoted to the managing director's position at Big Wheel Bikes, Inc. Kaily was told by her boss that she received the promotion because he believed she had the management skills necessary to help the company become more efficient and effective. During her first week, Kaily first compared the actual revenues and expenses of the company with desired results. She also met with employees to get their feedback and suggestions. Armed with this information, she formulated the future course of action for Big Wheel Bikes. One of her short-term goals is to provide the employees of Big Wheel Bikes with flexible working schedules. Another short-term goal is to create business lunches, in which groups of five employees meet over lunch to discuss organizational objectives. Kaily is confident she can lead the company into a prosperous future. Refer to Big Wheel Bikes, Inc. Which of Clark Wilson's three skill categories is involved when Kaily implements the lunch sessions?…Kaily Bach was recently promoted to the managing director's position at Big Wheel Bikes, Inc. Kaily was told by her boss that she received the promotion because he believed she had the management skills necessary to help the company become more efficient and effective. During her first week, Kaily first compared the actual revenues and expenses of the company with desired results. She also met with employees to get their feedback and suggestions. Armed with this information, she formulated the future course of action for Big Wheel Bikes. One of her short-term goals is to provide the employees of Big Wheel Bikes with flexible working schedules. Another short-term goal is to create business lunches, in which groups of five employees meet over lunch to discuss organizational objectives. Kaily is confident she can lead the company into a prosperous future. Refer to Big Wheel Bikes, Inc. Kaily's formulation of a future course of action for Big Wheel Bikes is an example of the…
- You own a company that makes after-market accessories for vehicles. You have 75 employees split in two facilities: one in Denver and one in Baltimore. The facility supervisor in Baltimore has abruptly quit to follow his wife on an overseas government appointment. You hired a former colleague who has everything needed to step in and take over the operation successfully. However, as the only woman at that site, she has been facing serious resistance to change since beginning three weeks ago. List the reasons why you think she is experiencing such resistance to change then explain how you would work to overcome this resistance with the 32 employees in that building. (please cite references)You are newly hired as the national sales manager of a pharmaceutical company. Your predecessor was not a very efficient manager. Hence, anomalous transactions and practices were rampant during his time. This was the reason why he was removed from the post despite the good performance of the sales force as far as hitting sales quotas are concerned. As you take over, you assume command responsibility over the entire sales force. However, since there was no proper turnover, you face the danger of being questioned for anomalies that happened before your time. If you call for a sales force audit, you might lose more than half of your sales force due to possible termination as a result of the audit. But you need to immediately show satisfactory sales performance. What will you do? Important note: please follow the case tips8 You have been promoted to the position of manager of your company's competitive intelligence organization. Senior management fired the previous manager because they felt he was too conservative in his approach to gathering information; they want someone who can "think outside the box." What ideas do you have about gathering competitive intelligence that would be effective, although perhaps somewhat unethical or illegal? Would you be willing to take these actions with senior management's encouragement?
- The board of directors of an organization considers that incentives for senior management are important to accomplish the business's objectives. The board of directors decides whether to give bonuses depending on the value of the company's stock at the end of each fiscal year. Bonuses will be paid in the form of stock, which managers may keep or sell on the open market. What are the ramifications of instituting such a rewards system?Read each of the following scenarios, and answer the corresponding questions. 1. You are the president of a company, and you have decided to relocate to take another leadership position.What should you remember when delivering the news to your organization? Check all that apply. Communicate the news openly.Offer little explanation.Let employee rumors communicate the news.Offer a clear, sincere explanation. 2. You recently conducted a series of interviews for an accounting position at your law firm. You’ve decided on a candidate but need to inform the other applicants that they were not selected for the position.How can you reduce the rejected applicants’ disappointment? Check all that apply. Use an indirect pattern.Use vague explanations.Compare the applicant to the candidate hired for the position.Reveal specific reasons for not hiring the applicant. 3. You are the general manager of a national clothing retail store. At the last minute, one of your night-shift managers has requested…Effective management is crucial for the success of any organization, as it involves coordinating resources, people, and tasks to achieve specific goals. A skilled manager must possess a combination of leadership, communication, and decision-making skills to guide their team towards success. They must be able to delegate responsibilities, provide clear direction, and motivate their team members to perform at their best. Additionally, effective management Involves strategic planning, problem-solving, and the ability to adapt to changing circumstances. Ultimately, strong management is essential for maintaining productivity, fostering innovation, and driving overall organizational growth. Question: How do you think the role of technology has influenced modern management practices?