Read the following discussion and give response:

The board of directors should be held accountable for the corruption within an organization. I absolutely believe this whole heartedly. If the board of directors felt a sense of ownership to their actions and the actions of others that maybe are not being reported, then perhaps they would feel the need to fix the issues before it snow-balled in to a massive corrupt scheme. For instance, if I were personally chosen to be on the board of directors of any company, I would not be able to immediately answer whether I was okay with that or not. My reasoning being, I do not like being held accountable for others’ moral dilemmas. I am a mother of two boys and the wife of a hard working husband, all of which count on me to do my part. If I was asked to be put on the board of directors, and I accepted the challenge, personally I would have to look out for my well-being and the well-being of my family. If I thought that someone else’s corrupt actions were going to mess with my livelihood, then you better believe I would find a way to put a stop to it. The actions would be reported in the manner appropriate, and I would make the matters known to the entire board for review and dismissal of the guilty.

A board of directors is appointed for the sole purpose of guiding a company with the intent to have the shareholders’ best interests in mind. If the board of directors felt the same way about their job as the shareholders’ feel about their money and shares, then perhaps business could go about ethically and profitably.

The argument to this is that not all people are raised with morals. There is always the chance that someone unethical could be hired in the Board of Directors. In order to mitigate this risk, the CEO has to choose only those who have exhibited years of ethical behavior. Because not all board members would be made up of experienced employees within the company, the CEO would have to work with the human resource department to scout for potential hires that show an ethical background. For instance, perhaps the HR department and the CEO would decide on candidates that show a substantial amount of volunteer work. Another way to weed out the duds would be to make up a list of questions in the form of a test, asking how a person would handle hypothetical situations. It could be a question with 4 different answers to choose from, and a couple that are very similar, but one that delivers the most ethical answer. I am sure that there has to be something like this already available.

Answer rating: 100% (QA)

The board has a responsibility to the shareholders as they oversee the operations of business in an ... View the full answer