CRG650 TOPIC 1-INTRODUCTION

Introduction to Ethics and Governance00:01:12

Defines ethics as right or wrong behavior in business and governance as the strategy and policies required to satisfy stakeholder objectives.

Importance of Ethics and Stakeholders00:03:40

Identifies key stakeholders including employees, customers, and investors. Discusses the increasing public expectation for ethical business conduct to ensure long-term sustainability.

The Enron Case Study00:05:48

Examines the Enron failure as a governance crisis caused by management incompetence and board failure, leading to the enactment of the Sarbanes-Oxley Act.

Professional Accountant Ethics00:10:03

Outlines the primary duties of professional accountants, focusing on public interest, independent judgment, integrity, and transparent financial reporting.

Governance Theories and Structure00:15:28

Compares Agency Theory, Stewardship Theory, and Resource-Based Theory, explaining how these frameworks drive corporate decision-making and the role of the Board of Directors.

Whistleblowing and Internal Controls00:20:40

Defines whistleblowing as the voluntary reporting of malpractice and discusses the necessity of protecting whistleblowers while mitigating risks of retaliation.