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In recent years, high profile corporate failures have significant public and regulatory interest on ethics and corporate governance. The penalties for poor corporate governance have significantly increased in response to society's view on this type of unethical behavior. For example, the former chairman of WorldCom was jailed for 25 years for orchestrating about $US11 billion fraud. These well-publicized example of unethical behavior and poor corporate governance have affected the work of the accountants and auditors. Furthermore, our regulatory agencies have imposed a more stringent steps and necessary disciplinary actions just to prevent this kind of event to happen again.
Ethics is explained based on standards of right and wrong that prescribe what humans ought to do, usually in terms of rights, obligations, benefits to society, fairness, or specific virtues. On the other hand, governance is described as the way an organization takes itself and the processes and structure that are used to realize its goals. Governance is also crucially concerned with how organizations relate to each other.
This one-day training program is designed to provide participants with a thorough understanding on the fundamentals of business ethics, causes of unethical behavior, techniques to improve ethical practices and benefits of business ethics. The module will also focus on relationship of business ethics and good governance, revised code of corporate governance and case studies related to corporate governance.
