Question: Read the two cases below then answer the following questions: Case 1: Tom Smith began his career at Bio-Bank in 1983 as a financial controller,

Read the two cases below then answer the
Read the two cases below then answer the following questions: Case 1: Tom Smith began his career at Bio-Bank in 1983 as a financial controller, and worked his way up the corporate ladder to become CEO in 1999. As CEO, although Smith was behind the company's growth and success, he also became known for his over-spending lifestyle. He left the company in 2005 while debates surrounded his compensation and personal spending. In 2010, Smith was convicted of crimes in relation to alleged unauthorized bonuses of $90 million, in addition to other large purchases and investments all for himself. Sara served as an external member of the board at Bio-Bank in 2005 and was asked to prepare a report clarifying her advice as to what she believed should be done in regards to Smith's compensation. Sara asked to be given two days extension as she was not so sure which advice would be for the "greater good". SO. 2. Which of the board's committee(s) do you think Sara serves in? Explain why you think (5 points) b. Explain the ethical dilemma in the above case. Also state who is experiencing the dilemma? (5 points) 6. You have covered 4 types of conflicts in chapter-2 of your textbook, state which of these types of conflicts mostly suit the above case. Explain why? (You may select more than one type) (5 points) 4. Explain to Sara how "greater good" would apply to this case? (5 points) Which of the 3 CSR types (Ethical, Strategic, or Altruistic) has Bio-Bank violated? Explain why you think so. (5 points)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!