Define the terms ethical practice and corporate governance. Describe how they are related?

(a) In the case of each organisation what were the circumstances that led to claims of lack of support of staff? 4 Marks
(b) Define Job keeper. What impact (if any) did Jobkeeper have on staff retention and well-being during this period for each organisation?
(c) In relation to the principles of business sustainability performance select three of these principles (for each organisation) which appear not to have been followed during 2020 and justify your answer with examples?
(d) In terms of business sustainability theories, in particular stakeholder theory:
List 4 key stakeholders of each organisation and discuss why they might be interested in publicity surrounding the organisation’s failure to manage staff interests correctly.
(e) Discuss two ethical philosophies or theories that are relevant to business decision making and discuss how they have been applied in the organisations you have chosen as it managed its way through 2020. (max 300 words)
(f) As a manager, and as a result of the readings and reports you have consulted to answer this question, what 4 points would you emphasise as you reflect on learning from an unusual year in 2020.
1. Define the terms ethical practice and corporate governance. Describe how they are related? 3 marks
2. Provide and describe an example of where lack of correct ethical practice has led to poor corporate governance with implications for performance of an organisation in recent years.

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