This week's chapter explains the role of boards of directors in the corporate governance of organizations such as large, publicly traded corporations, focusing on their ethical behavior and social responsibility performance.
1. Conflict of Interest was identified as a potential ethical issue that may confront a board member of a corporation. For this exercise:
a) Discuss two ways a corporate board member might engage in inappropriate ethical behavior, and explain why each is a problem for the company and shareholders.
b) Describe how these situations could have been avoided?
2. Discuss the difference between Conflict of Interest and Moral Reasoning.