GOOD GOVERNANCE TOPIC FOR COLLEG STUDENT BSBA

good governance lesson

1. Ethical Issues and Problems in Business and the Corporate World

2. SEXUAL HARASSMENT It is an issue in the corporate world that must be looked into because it can create a hostile and unhealthy workplace for the employees. RA 7877 (Anti-Sexual Harassment Act of 1995) prohibits harassment in employment, education, and training.

3. UNSAFE WORKING CONDITIONS Employees have the right to safe workplaces. Governed by health and safety regulations.

4. WHISTLEBLOWING OR SOCIAL MEDIA RANT Business owners must respect and not penalize employees who are deemed whistleblowers to either regulatory authorities or on social media. Encourages transparency and accountability

5. A business must maintain accurate bookkeeping practices. Even small privately held companies must keep accurate financial records to pay appropriate taxes and employee profit sharing or to attract business partners and investments. ETHICS IN ACCOUNTING PRACTICES

6. Employers are at risk of employees and former employees stealing information. This might be client data used by organizations in direct competition with the company. Employers may require employees to sign nondisclosure agreements with stiff financial penalties to discourage these types of ethics violations. NONDISCLOSURE AND CORPORATE ESPIONAGE

7. Political decisions are supposed to be made on the merits of the case, not based on whether or not the decision maker has received a lovely case of wine from one of the parties. Policies vary: Ban all gifts Donate to charity Declare in registers Share among employees GIFTS AND BRIBES

8. A conflict of interest arises when what is in a person’s best interest is not in the best interest of another person or organization to which that individual owes loyalty. Example: employee accepts bribe to purchase inferior goods. Auditors’ loyalty dilemma: company vs. investors. CONFLICT OF INTEREST

9. Employers must be aware of the danger of hostile workplace lawsuits if co-workers feel a person is getting special treatment because of the relationship or feel the workplace is unfair. Difficult to prohibit, but managed through policies. Risks: favoritism, unfair treatment, lawsuits. OFFICE ROMANCE

10. Money laundering tends to allocate dirty money around the world on the basis of avoiding national controls and therefore tainted money tends to flow to countries with less stringent controls. Moves illegal funds across borders. Damages business reputation and trust. Undermines financial institutions’ integrity. MONEY LAUNDERING

11. Unfair wages make up the majority of employment lawsuits. They are more common than other types of claims such as harassment or even disability claims. Unfair wage lawsuits are usually based on two different areas of employment law: wage and hour laws and discrimination Laws. UNFAIR WAGES

12. Unfair wage lawsuits based on wage and hour laws usually involve: Failure to Pay Minimum Wage Require employers to pay workers at least minimum wage. This can vary, as the minimum wage rate often goes up over time UNFAIR WAGES

13. Withholding Overtime Pay or other wages Failing to pay eligible workers their overtime pay is a violation of employment laws. This can also include withholding benefits like retirement funds or disability pay Misclassification of Employees Only certain employees are eligible for overtime pay. UNFAIR WAGES

14. Deceptive advertising is false advertising, and it is illegal. t is also unethical. Offends moral principles and misleads consumers. PRODUCT MISREPRESENTATION

15. Pyramid or endless-chain schemes are illegal businesses where people invest money mainly to recruit others, not to sell real products. They are unethical because they are fraudulent—promising big returns for small investments—and recruitment-centered rather than product-centered. MULTI-LEVEL MARKETING AND PYRAMIDING

16. Argues that insider trading, though often viewed as unethical, is not always harmful. Some researchers believe it can benefit the investment community, while opinions differ on whether it should be penalized. The key is to identify if insider trading causes illegal harm. If it does, clear laws should stop such practices. INSIDER TRADING

17. This issue highlights two key ethical principles in the workplace: (1) every worker has inherent dignity and deserves equal respect, regardless of their role or pay, and (2) every worker has the right to support themselves and their families through fair compensation. THE PROBLEM OF JUST WAGE

18. 1 . Maria’s boss tells her she will only get promoted if she agrees to go out with him. What ethical issue is this ? a) Conflict of interest b) Sexual harassment c) Office romance d) Unfair wages

19. 2 . A factory owner ignores safety equipment rules, leading to accidents among workers. What issue does this show ? Unsafe working conditions b ) Product misrepresentation c ) Whistleblowing d ) Insider trading

20. 3. Ana discovers that her company is faking its financial records to avoid paying taxes. What unethical act is being committed ? a) Whistleblowing b) Unfair wages c) Bookkeeping fraud d) Money laundering

21. 4. A company advertises a cream claiming it can cure baldness, though it has no proof. What ethical issue is this ? a) Sexual harassment b) Insider trading c) Product misrepresentation d) Conflict of interest

22. 5. An employee refuses to accept a supplier’s expensive gift to avoid bias in decision-making. What ethical issue is being avoided ? a) Conflict of interest b) Money laundering c) Unfair wages d) Sexual harassment

23. 6. A manager promotes his girlfriend despite her lack of qualifications. Other employees feel the workplace is unfair. What issue is shown here ? a) Insider trading b) Office romance c) Product misrepresentation d) Pyramid scheme

24. 7. Pedro works 60 hours a week but is only paid for 40 hours. What is this an example of ? a) Insider trading b) Unfair wages c) Unsafe working conditions d) Whistleblowing

25. 7. Pedro works 60 hours a week but is only paid for 40 hours. What is this an example of ? a) Insider trading b) Unfair wages c) Unsafe working conditions d) Whistleblowing

26. 8 . An employee sells confidential client data to a rival company. What unethical act is this ? a) Corporate espionage b) Product misrepresentation c) Whistleblowing d) Money laundering

27. 9. A businessman hides drug money by transferring it to different banks overseas. What is this called ? a) Insider trading b) Money laundering c) Conflict of interest d) Fraudulent advertising

28. 10. A person invests in a scheme where income comes mainly from recruiting others rather than selling real products. What scheme is this ? a) Multi-level marketing b) Pyramid scheme c) Product misrepresentation d) Conflict of interest

29. RA 7877, also known as the _______________, prohibits harassment in employment, education, and training . 12. Failure to pay employees at least the government-mandated minimum wage.

30. 13. A child follows rules strictly to avoid being punished by parents or teachers . A student helps a classmate with homework because they expect the same help in return . A teenager behaves well mainly to gain approval from friends and be seen as a "good person."

31. An employee refuses to cheat at work, not because of rules, but because honesty is a core principle they live by . 17 . The ethical issue that arises when employees feel treated unfairly due to romantic relationships at work. 18 . The illegal buying or selling of stocks using confidential information.

32. 19. An individual follows their conscience even if it goes against government laws or authority. 20. A young child shares their toy only when promised a candy in return.