Governance Regulations and Ethics in the UK Essay

Governance Regulations and Ethics in the UK - Essay Example Governance Regulations and Ethics Task 1: Economic Recession 1.0 Introduction In the book, in chapter one, there is a lot of emphasis on corporate responsibility towards ethical issues in management so as to conform to international set standards where the guidelines and management principles that conform across countries and cultures. In the film, it is clear that most countries especially America made attempts to set into place control mechanisms through various acts so as to ensure honest and moral conduct in business. The book brings into focus the dishonest by the investment companies when they undertook to promote internet stock companies they were quite aware would fail. This was in an attempt to precipitate the crisis by, in fact, defrauding innocent investors. This resulted in derivatives. This is an outright case of dishonest as business terms require such loyalty and obligation in the management of the corporations by people charged with the responsibility whether CEOs or employees. 2.0 Issues in the Movie Covered in the Existing Corporate Codes 2.1 The UK Corporate Governance Code of the year 2010 The UK Cooperate Governance Code of the year 2010 is mainly included with the aim of establishing a well a created board of governors for accompany or corporation through principles and rules, as opposed to rigid rules. The main Aim of the code is to ensure proper directorship of companies through the underlying principles of accountability, transparency, probity, and insight into sustainable success. It is clear that the financial crisis as reported in the movie, â€Å"The Inside Job’ was as a result of management of the business with the aim of success but without consideration of the eventual effect of such practices, which were fraudulent, in nature. This is in the book which defines better and acceptable ethical practices in the corporate world 2.2 Flaws in the Implementation of the Code Although the code in section 4 about governance sets out the moral practices of an organization through sound and upright board behavior, implementation, and adherence are not a guarantee. This is evident in the movie since the CEOs of the investment companies did not actually follow the guidelines, though they existed. The Lehman Brothers, for instance, ignored the moral and ethical guidelines and continued promoting borrowing to firms without the capability to remain in the market with that clearly in their knowledge. The firm had to crumble and come down in 2008. 2.3 Role of corporate Leadership in Disregarding the Code Leadership of the chairman of a board, the support is given to and by the chief executive officer and the openness and frankness to discussions by the directors is the key in this endeavor according to the governance code.

Extra 1 Essay Example | Topics and Well Written Essays - 500 words

Extra 1 - Essay Example Apart from that they reflect the particular era and time during which the play took place. The scene designer designs the background of the play with the colors that bring out, the right texture and desired mood to the audience. As the play unfolds Tartuffe succeeds in convincing Orgon to allow him to stay in his house indeterminately. He is opportunistic as he manipulates the allegianceaccorded to him by Orgon to manipulate him to his own advantage. He starts his schemes by pretending to be a staunch Christian and managed to fool Orgon to believing on every word he said (Steiner and Wilbur 35). Tartuffe tries to seduce Elmire, although she is frustrated by the foolishness of her husband, she does not give in to his advances. Unsuccessful he convincedOrgon to terminate the engagement of his daughter to a young man called Mariane whom she is madly in love with. The daughter refuses to get married to this hypocrite, but she is in a dilemma because she believes that a daughter should obey her father (Steiner and Wilbur 55). The maid, who is convinced that Tartuffe is only after the family’s fortune,makes sure that Valà ¨re and her lover are back together.In the play she is the only one who sees through Tartuffe’s malevolence right from the start. She turns out to be a very intelligent character in the play although ironically the maid is perceived to be a very insignificant job in the society (Steiner and Wilbur 95). Paradoxically the church is misrepresented by the character of Tartuffe who turns out to be one of the main characters in the play. The actors try to bring out the theme of the play strongly by mastering the lyrics and context. Although they have the challenge of being inexperienced, they also manage to bring out the character traits of the key thespians. Conversely it can be observed that there is poor coordination between the actors, when they are in the stage