MGT320 CSU How to reform corporate ethics in American business today

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Business Finance

Colorado State University

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The Portfolio Project requires you to write a memorandum to a decision maker, such as the President of the United States, a member of Congress, a chairperson of the SEC, or a state governor, on how to reform corporate ethics in American business today. As we have seen, legislation such as Sarbanes-Oxley has received considerable media attention but has not prevented significant catastrophes such as the global economic meltdown of 2008. You should be prepared to propose policies that might help to ameliorate or to prevent corporate ethics lapses that might occur in the future. You have the freedom to select any policy avenues that you think might help to strengthen and fortify corporate ethics. Your memo should cover the following:

  • Set forth why your chosen policy pathway is important
  • Compare and contrast with the policy it replaces
  • Articulate your ideas on how to remedy the issue of corporate malfeasance
  • Proffer some recommendations to the decision-maker about how to improve overall corporate governance.

Please note that your prescription for change is not nearly as important as your ability to forecast potential challenges to the corporate boardroom and to predict possible ways the government could intervene to assist not only solid corporate governance but also the interests of individual shareholders. It is recommended that you suggest at least two methods and/or policy proposals that critically address the public policy concern. Bring in facts and other data to support the policy issue addressed and make sure each fact is cited to relevant authority. Demonstrate critical thinking by analyzing, evaluating, and interpreting appropriate policy to provide original perspectives to enhance corporate legal and ethical environs.

You are expected to convey complex ideas in a clear, concise, and organized fashion, using the required and recommended readings from the course for analytical support. Although you are encouraged to cite from your textbook, you are required to cite a minimum of four scholarly sources (beyond the textbook) to support your statements.

Your well-written paper should be 8-10 pages in length, not including the title or references pages.

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Running Head: REFORMING CORPORATE ETHICS IN AMERICAN BUSINESS

How to Reform Corporate Ethics in American Business Today
Name
Institution

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REFORMING CORPORATE ETHICS IN AMERICAN BUSINESS

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How to Reform Corporate Ethics in American Business Today
The latest corporate ethics scandals of several of the country's largest companies have
shed extreme reservations upon the validity of the individuals who governed such companies.
They additionally have prompted insolvencies and huge cutbacks. Ethical delinquency in
working environments is widespread in present corporate America. The problems go from bribes
to the misuse of an organization's resources to illegal political donations. Researchers have
illustrated that transgression in places of work decreases when the economy is failing and will
increase when the country is not facing significant economic difficulties (Pope, 2015). The
company's ethical conduct is hardly ever perceived as a foundation of excellent corporate
governance. However, in various manners, ethics inspire a great deal of business conduct,
whether it is at the staff or board level, and not considering the industry, size or geographic
location of a company. How decisions in business are made matters from both a pragmatic and
ethical perspective not just in a big corporation from an Organization for Economic Co-operation
and Development (OECD) nation conducting business in its backyard but likewise in a small
private venture from a developing nation participating in regional trade. This paper provides a
memorandum on how to reform corporate ethics in American businesses, written to a decision
maker who could be a member of Congress, SEC chairperson, state Governor or even the United
States president.
Corporate ethics are becoming increasingly more pervasive in the present business world.
Business or corporate ethics is a type of practical ethics that examines ethical standards and
ethical or moral issues that emerge in a business environment. Some problems are being
scrutinized, counting sustainability, societal obligations, whistleblowing, and pollution. Ethics in
business is the behavior that an organization sticks to in its everyday dealings with the globe.

REFORMING CORPORATE ETHICS IN AMERICAN BUSINESS

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The ethics of a specific industry can vary. Corporate ethics also relate not exclusively to how the
business collaborates with the world everywhere, however even to their one-on-one dealings
with a customer. Numerous organizations have received a lousy status just by conducting
business. To a great many people, companies are only worried about profiting, and that is the
sine qua non. In itself, making money is not immoral. It is merely the conduct in which a few
organizations act that raises the problem of ethical behavior. Great corporate ethics ought to be
an element of each business. There are numerous components to keep in mind. When an
organization conduct business with another that is regarded as disreputable, they usually are
viewed as unethical by affiliation. The business should probe the organizations that they plan to
work with. Numerous international corporations, counting the majority of organizations that
conduct their business in the country, can be seen as not committed to employing good cor...


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