Corporate Governance

Jyoti Gupta is the environmental compliance manager for a small plastics manufacturing company. She is currently faced with a dilemma on whether or not to spend money on a new technology that will reduce the level of a particular toxin in the wastewater that flows out from the back of the factory into a lake. The factory's emission levels are already within legal limits. However, Jyoti knows that environmental regulations for this particular toxin are lagging behind scientific evidence. In fact, a scientist from the university had been quoted in the newspaper recently, saying that if emission levels stayed at this level, the fish in the lake and rivers in the area might soon have to be declared unsafe for human consumption. Further, if companies in the region don't engage in some self-regulation on this issue, there is reason to fear that the government - backed by public opinion - may force companies to begin using the new technology, and may also begin requiring monthly emission level reports (which would be both expensive and time consuming). But the company's environmental compliance budget is tight. Asking for this new technology to be installed would put Jyoti's department over-budget, and could jeopardize the company's ability to show a profit this year. The following are some suggested options. Please evaluate the merits and demerits of each of the options: 1. Jyoti should focus on her company's financial performance and profits and forget the environmental issue as the compliance budget is already tight. 2. As the emission levels of the company are within legal limits, Jyoti should wait for new governmental regulations first and only after that should think about taking any action. 3. Jyoti should proactively report the matter to the higher management and ensure proper measures are taken but still profits of the company should receive the utmost priority. Also indicate (without necessarily restricting to the above options), what would you advise, giving proper reasons.

20 marks · 250 words · Answered by 1 topper · CSE 2014

Environmental EthicsCorporate Governance

What are the major ethical concerns governing the functioning of government organisations? How are they different from those in private organisations?

10 marks · 150 words · Answered by 1 topper · CSE 2014

Ethical Dilemmas in GovernmentCorporate Governance

What is corporate governance? How is it important in the Indian corporate sector? How will the mandatory provision of corporate social responsibility change the perception of private sector in the eyes of common man?

10 marks · 150 words · Answered by 1 topper · CSE 2014

Corporate Governance