Get premium membership and access revision papers, questions with answers as well as video lessons.

Msfi 513:Ethics &Amp; Corporate Governance Question Paper

Msfi 513:Ethics &Amp; Corporate Governance

Course:Master Of Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2013

KENYA METHODIST UNIVERSITY

SCHOOL OF BUSINESS AND MANAGEMENT

END OF SEMESTER EXAMINATION FOR MASTER IN BUSINESS ADMINISTRATION APRIL, 2013
UNIT CODE : MSFI 513
UNIT TITLE : ETHICS & CORPORATE GOVERNANCE

TIME: 3 HOURS

Instructions: Answer Question ONE and Any other THREE Questions below.

Question One

December 3, 2009 marked the anniversary of the world’s worst ever industrial disaster-the gas leak that incurred at Union Carbide India Ltd’s (UCIL) pesticide plant in Phopah (Madhya Pradesh, India). The tragedy that instantly killed more than 3,000 people and left thousands injured and affected for life, occurred when water entered Methyl Isocyanate (MIC) Storage tank No. 610 of the plant on December 3, 1984. Mic is one of the deadliest gases produced in the chemical industry and is known to react violently when it comes into contact with water or metal dust. Though the plant was closed down soon the after-effects of the accident left an estimated 25,000 people dead and around 600,000 people affected due to gas-related disorders.

What compound the tragedy was that the victims failed to get adequate compensation and the generation that followed continued to suffer from health complications. However, the multinational corporation responsible for the disaster still continued to evade responsibility.

The US-based Carbide Corporation (UCC) the parent company of UCL, stuck to its outrageous argument that the incident had occurred due to an act of sabotage by a disgruntled worker. It however, failed to name the worker. It down played the health effects of MIC and discredited he victims and activists fighting for justice. It tried to evade responsibility by shifting the blame on to the Indian subsidiary and the Indian governance. UCC claimed that it did not have any say in the operations of the subsidiary. The company engaged in lengthy litigation which led to a delay in compensation being provided to the victims. Even the people who obtained a paltry amount years later, as UCC agreed to pay US Dollars 470 million, had to continue residing in the surroundings of the plant that had not been cleared up.

Given such situation discuss TEN ethical principles for business.

(20 Marks)

What is stakeholders theory and how does this theory apply to the above situation?

(10 Marks)

Question Two
Outline the common governance issues in modern business organizations and show how they can be managed? (25 Marks)

Question Three

Discuss some of the ethical dilemmas faced by financial managers and provide possible decisions on the same?

(15 Marks)

Distinguish between legal and ethical compliance?

(10 Marks)

Question Four

What do you understand by corporate social responsibility (CSR). (5 Marks)

Discuss why should business should be social responsible?

(20 Marks)

Question Five
Discuss the principles of corporate social responsibility and how they translate in business sphere? (25 Marks)

Question Six

What do you understand by social entrepreneurship?

(5 Marks)

Discuss factors that affect managerial ethics?

(20 Marks)

Msfi 513:Ethics &Amp; Corporate Governance Question Paper

More Question Papers

Popular Exams

Mid Term Exams

End Term 1 Exams

End Term 3 Exams

Opener Exams

Full Set Exams