Explain the strategic roles Board of Directors have in conjunction with senior management and the running of an organization

  1. Discuss the differences between the “agency theory” and the “stewardship theory”.  Explain which of these theories applies to your strategic audit firm and why?
  2. Explain the strategic roles Board of Directors have in conjunction with senior management and the running of an organization. Which Degree of Involvement in Strategic Management describes the Board of Directors for your strategic audit firm, and why?
  3. Discuss in detail the ramifications the Sarbanes-Oxley Act has had on business in the United States.
  4. Define the three basic approaches to ethical behavior. Discuss your views on each of these ethical behaviors.
  5. Describe Friedman’s view on the responsibilities of business.  Do you agree or disagree with Friedman’s views and why?
  6. Explain Carroll’s two responsibilities that pertain to social responsibilities.  Do you believe these responsibilities are growing in support from corporations, or not, and why?

 

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