mod1...2

Instructions

THIS IS A DOCTORAL LEVEL COURSE, IN DOCTORATE OF BUSINESS ADMINISTRATION PRPOGRAM, THIS COURSE IS CALLED (Organizational Governance and Accountability). PLZ BE PROFESSIONAL...EVERYWEEK, WE HAVE A MODULE, HERE IS THE SUMMARY OF THIS WEEK MODULE, SO U CAN UNDERSTAND WHAT THIS WEEK'S LESSON IS ALL ABOUTSUMMARY OF THIS WEEK'S MODULE:Introduction to Module 1Organizational governance and accountability has come to the forefront in recent years. Scandals such as Enron, Parmalat, and Volkswagen, have highlighted the need for better organizational governance and accountability.  Todays organizations are more complex than ever, and organization change takes place at an ever-increasing speed.Additionally, in this Information Age, shareholders and other stakeholder are more demanding and perhaps less forgiving of poor governance issues.  Good organizational governance is a major factor behind the integrity and efficiency of a company. Conversely, poor organizational governance can result in many financial and legal problems, and can weaken a companys potential and even damage the companys reputation. According to Pearse-Trust (2014), several key concepts underpin good corporate governance in an organization. The number and relative importance of these concepts vary, depending on the source.  However, three of these concepts are widely accepted as essential to good governance. These three concepts are:Accountability - A basic premise of corporate governance is that the people who control the business, i.e. the directors, should be accountable to the people who own the business, i.e. the shareholders. All stakeholders should know and understand the company's mission, values, and short and long term goals. The board of directors should make sure a company's senior leadership is steering the company in the right direction. Senior leaders should ensure that mid-level managers and the employees who report to them are properly executing the company's strategy. Transparency - For companies to have an effective corporate governance structure, transparency must be a core principle. The directors need to disclose information in a timely and accurate manner. Stakeholders need to be reassured that the company is operating within the law and that they are conducting business in a fair and ethical manner. Transparency can be shown via annual reports, documented policies, procedures or best practices that give entry-level employees an understanding of how the company operates. Integrity - Moral and ethical issues should be considered when making decisions relevant to the organization. This module provides you with a general introduction to Organizational Governance and Accountability and discusses some of the fundamental principles of good organizational governance. ****************HERE IS THE PROMPT******************(a) Examine the SarbanesOxley Act, and share the reasons that Congress passed this legislation. What impact has this legislation had on the organization that you plan to use for your doctoral research project, or the organization that you work at?(b) Evaluate the three (3) fundamental concepts of organizational governance below, and discuss why these concepts are essential to governance. TransparencyIntegrityAccountabilityIn your discussion, select one (1) of the concepts in b. above and discuss how the absence of this concept could impact the organization that you plan to use for your doctoral research project, or the organization that you work at.**********WATCH THESE 2 YOUTUBE VIDEOS***************https://www.youtube.com/watch?v=rqLEyRfGeZIhttps://www.youtube.com/watch?v=1jV0AUjx6IkNOTE*************************SEE THE 3 PDFS ATTACHED******** READ THEM ALL, IN REGARDS TO THE 3RD PDF CALLED KECSKES, ONLY READ FIRST 2 PAGES OF IT.

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