this coming summer you plan work as an intern at a large, international consulting firm for free to get experience. You received an e-mail invitation to attend a welcome back cocktail reception that evening for Han Solo, a senior partner, who has relocated from the consulting firms office in South Africa to your office location. You learn from the e-mail that Han was one of the students in the first class of Odettes MoM and he has had an exciting and rewarding career in international business consulting. You decide to attend the cocktail reception. At the cocktail reception, you meet Han Solo and introduce yourself as a UWindsor Odette student. The two of you connect immediately and start discussing everything from your school experience, to recent trends in corporate governance around the globe, and to new movie releases. At the end of the cocktail reception, Han approaches you and asks for your assistance. Since he is returning to Ontario, Canada after a long time away, and he would like to refamiliarize himself with corporate governance in Canada and Ontario. He asks you to research a few questions for him and provide written responses in a memo format where the purpose of the memo is identified, all of the questions are answered in a clear and concise manner, and a conclusion is provided. He wants not only your statement corporate governance but invites you to also provide your opinion supported by reasons. He wants your explanation to include a discussion of duties owed to a corporation and its various stakeholders. You feel well prepared by Prof. Kellers class. Han stresses the importance of clarity within the memo. Han seems like an impatient man and will not stand for unorganized and unprofessional work. He wants the memo to clearly outline the CURRENT corporate governance and provide a comprehensive analysis of each question. He told you that he hates Fluff. This is your one chance to make a positive impression on Han and build a relationship that will continue through your internship and hopefully to a paying job at the firm. You quickly take the questions that Han has jotted down on a paper napkin and go to your office to start on the memo. His clients board of directors wants advice concerning how the corporations business should deal with an environmental issue. Some directors want to only spend the minimum amount on environmental due diligence to meet legal requirements in order to have maximum profits in the short term. Other directors want the corporation to be a world leader with a reputation of best environmental practices even if that means reduced profits.

Hans Questions and Instructions:

1. When a corporations directors and officers apply the law regarding their statutory duties, how should they decide? Different stakeholders have different interests. How do a corporations directors and officers decide when management has noconflicting interests?

2. A corporations directors and officers should be concerned about corporate accountability to whom? Why?

3. How should they evaluate public policy concerns, and business efficiency, which makes the corporation a more profitable enterprise?

4. Is corporate social responsibility (CSR) relevant?

Your task is to define precisely by way of applying your rules to the example of the environmental decision in order to give guidance to directors and officers in exercising their duties. Provide your understanding of the corporate governance as it is now; and then, describe how you believe the rules ought to be apply to the environmental example. In your answer refer to corporate managements duties and defences and how they relate to corporate governance. explain what corporate governance permits and requires; and demonstrate your understanding of the rules the board of a business corporation uses decide how to environmental concerns either by doing the minimum or by doing more due diligence than required by law.