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)
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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...
According to Ferrell (2004), “Organizations create ethical or unethical corporate cultures based on leadership and the commitment to values that stress the importance of stakeholder relationships. Establishing and implementing a strategic approach to improving organizational ethics is based on establishing, communicating, and monitoring ethical values and legal requirements that characterize the firm's history, culture, and operating environment” (p. 129). Ethics programs ensure satisfactory relationships with all stakeholders by aligning with all of their demands and needs, and determine conduct with customers and relationships with regulators, shareholders, suppliers, and employees (Ferrell, 2004).
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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
...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.
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...
Ethics is the responsibility of each individual person, but starts with the CEO and the Board of Directors, setting the right tone at the top and moves down through the organization, including setting the tone in the middle. A company’s culture and ethic standards start at the top, not from the bottom. Employees will almost always behave in the manner that they think management expects them, and it is foolish for management to pretend otherwise (Scudder). One of the CEO’s most important jobs is to create, foster, and communicate the culture of the organization. Wrongdoings or improper behavior rarely occurs in a void, leaders typically know when someone is compromising the company
Vol. 10. Detriot: Gale Group, 2000. 165-195. Gale Virtual Reference Library. Web. 24 Feb. 2014