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Essay / Research Paper Abstract
This 3-page paper discusses the need for McBride Company to involve its board of director in a more active role in the company. Bibliography lists 5 sources.
Page Count:
3 pages (~225 words per page)
File: AS43_MTcomplsox.rtf
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Unformatted sample text from the term paper:
comments are that hes happy to led McBride operate independently, however, he wants to be sure that "sound corporate governance" is being exercised. McBride, while wanting to give the issue
"due attention," is also pretty upfront that he doesnt want the "money men" dictating how hell run the company. The recommendations here
are that 1) A code of ethics be created and 2) A training plan be developed and implemented to inform current and potential board members about their responsibilities (while providing
an ongoing continuing education program for them as well). What are the costs and risks of compliance versus noncompliance? Developing a code
of ethics compliance brings a lot of benefits. For one thing, it makes Masters a lot more comfortable with McBride (if Masters were to get his hands on some of
Hugh McBrides memos, hed probably change his mind in a hurry about being willing to invest in the company). Furthermore, as Blodgett and Carlson (1997) have pointed out, in this
day and age in which companies are under increasing risk of litigation due to just about everything, having a code of ethics in place (especially with general liability prevention) is
probably not a bad idea. There are disadvantages, of course - a code of ethics means that Hugh McBride cant run his company and its accounting system in such a
haphazard way. On the training side, there are costs; mainly these are the costs of bringing in trainers to help develop board members,
and develop the role of the chairman and each board member (Coulson-Thomas, 2008). The cost of noncompliance is an untrained board, one that is not very effective in its collective
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