Case Studies of Business Ethics Corporate Governance

An Assignment of Business Ethics amp; Corporate Governance CASE STUDIES Module I BHOPAL GAS TRAGEDY December 3, 2009, marked the 25th anniversary of the worlds worst ever industrial disaster - the gas leak that occurred at Union Carbide India Ltds (UCIL) pesticide plant in Bhopal (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†¦show more content†¦The fact that UCC and then Dow had been able to evade the real costs of compensation and clean-up, was viewed by critics as an example of the power and impunity enjoyed by multinational corporations. The victims struggle against UCC, and then Dow, were recognized as the worlds longest running struggle against corporate exce sses. Experts felt that the outcome of this struggle would have huge implications for globalization. And as such, the incident at Bhopal was not just an industrial disaster from the past century, but a very important issue of the new millennium of peoples right, government responsibility, and corporate accountability. Issues:  » Analyze and understand the worlds worst industrial disaster, its reasons, and consequences (both short-term and long-term), and why it is relevant even today.  » Discuss and debate the stance taken by the multinational corporation, host government, and other stakeholders following the disaster.  » Understand why this tragedy and the outcome reflect the dark side of contemporary capitalism.  » Understand the transnational aspects of the ethical debate and how multinational corporations can be held accountable for its malpractices in a country other than its origin. BUSINESS ETHICS: COCA-COLA FACES ANOTHER UNIVERSITY BAN The article discusses about the ban on coca cola by University of Michigan and other universities,Show MoreRelatedCorporate Governance and Business Ethics Case Study2156 Words   |  9 PagesASSIGNMENT NO.1 Subject: CORPORATE GOVERNANCE Topic: Business Ethics scenario Case Study Date: 7th March 2011 Submitted by: Miss. Janhavi R Joshi Submitted to: Professor Mrs. Monica Khanna 1. Receiving a Holiday Gift: A supplier sends a basket of expensive foodstuffs to your home at Christmas with a card: We hope you and your family enjoy the goodies.. What action(s) might you want to take? Answer: Ethical dilemma: There are two reasons for such generosity from the SupplierRead MoreWhat Must Be Done to Improve Ethics in Finance and Corporate Governance?1211 Words   |  5 PagesU10A2- Essay Louise Pettiford What must be done to improve ethics in finance and corporate governance? Corporate governance can be referred to the rules, processes, or laws by which businesses are operated, regulated and controlled. It can also refer to internal factors defined by the officers, stockholders or constitution of a corporation. 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Some of the product names and company names used in this book have been used for identificationRead MoreFinancial Management And Corporate Social Responsibility1216 Words   |  5 PagesIntroduction With constant changes in the business world these days as well as the significant growth of organization, there are such key concerns on not only the issue of financial management or corporate social responsibility, but also the importance of ethics and governance, in which how an organization manages its business acting in the best interests of public and stakeholders. 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