Brian Takes Over as the Director of a Company Charged

question 50

Essay

Brian takes over as the director of a company charged with unethical practices such as presenting fraudulent sales figures to authorities and shareholders. The company suffered bankruptcy because of huge penalties imposed by government. Thousands of workers were laid off and investors developed distrust toward the company. What are the possible initiatives that Brian can consider for creating an organizational culture that encourages ethical behavior among employees?

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Definitions:

Financial Statement

Documents that provide an overview of a company's financial condition, including income statement, balance sheet, and statement of cash flows.

Service Business

A type of business that provides intangible products or services to customers rather than physical goods.

Hospital

A healthcare institution providing patient treatment with specialized medical and nursing staff and medical equipment.

Corporation

A legal entity that is separate and distinct from its owners, capable of owning property, entering into contracts, and being subject to lawsuits.