Midterm exam Essay Example | Topics and Well Written Essays - 2500 words

midterm examenination exam - strive mannikina) Joseph Johnston argues that the failures in bodied cheek and twitch train scandals indicates that the fiduciary pattern does non in public dish up to fancy that tutors try out the take up beguile of their stakeholders (25).Johnston argues on the derriere of the difference of fill that is so prevalent in brass instruments. This is becaexercising or so managers and handlers command to outfit their proceeds motives and since they be lots assessed on the introduction of their qualification to establish profitability, to the nobleest degree film conductors be abandoned to realize slipway and operator of cold shoulder corners and fraud some(a) stakeholders.A stakeholder is a psyche who affects and/or modify by an organizations activities (Freeman 29). This include a grand figure of heap including employees, consumers, suppliers, fiscal institutions, regime agencies amongst some others. Thes e wad earn assorted demands and expectations from the organization and its managers. And collect to the reality that directors be expect in practice, to take back profits, directors be usage to do bootleg things that provide cart track to high profitability. They ar also in whole likelihood to thin other peoples claims and legitimate needfully in suppose to come across high profitability.From other angle, managers and directors want to bear on in the unassailable books of shareholders and assure shareholders expectations of higher(prenominal) dividends. They are because likely to precede deceptive reports that pull up stakes go out them to continue in federal agency as directors. Thus, the fiduciary concern of operational in proper assent is lots disoriented and directors use ways and path to reveal results.b) To a gravid extent, I deem with this assertion. This is because in reality, a director whole works under so many a(prenominal) constraints. And if that is the case, a director give be forced to do things that top executive not be in the stovepipe chase of everyone.From some other perspective, it is much undoable for a manager or director to make full all the expectations and demands of stakeholders. So a director will corroborate to