Dennis Kozlowski: The Implications of Unethical Behavior Essay

Brief Historical SummaryDennis Kozlowski, is the former Chief ratiocination maker Officer (CEO) of Tyco outside(a) Ltd. During his tenure, Kozlowski engaged in activities that were considered unethical. In 2005 Kozlowski was convicted of misappropriation of corporate funds. Kozlowski had been involved in illegal and unethical behavior during most of his tenure. The findings that lead to the prison term of the former CEO were receivable to the persistent questioning and interrogating tactics of the sh arholders and stakeholders because Kozlowski held within his authority to make decisions that could change the course of the company. Business ethics, auditing practices, and government regulations will eer be affected by the $500 million loss endured by the company. Needless to say this scandal had an major impact on the economy and the personal distribution channel of credit world. Kozlowskis long line of bad decision making is used by businesses as well as academics as an ex amples of unethical behavior and wherefore internal controls are of import to corporate governance. As the primary indicator of performance, corporate governance reports often display the strength and weaknesses of the company but are only as accredited as the set of values and ethics of the persons implementing the rules. Unethical behavior/event examinedWas it unethical practices, poor political regulations, or bad organizational behavior that lead Kozlowski to make the decisions that lead to the 2005 conviction? Vasile (2004) defined business ethics as learning what is right and what is reproach and simply insideng what is right (p. 2). However, the actions affiliated to the decisions are not always as easily derived. In most instances, leaders are faced with making the decision as to what is... ...934USA Today. (2005) Timeline of Tyco International Scandal. Retrieved from http//usatoday30.usatoday.com/money/industries/manufacturing/2005-06-17-tyco-timeline_x.htmValentin e, S., & Fleischman, G. (2008). Professional ethical standards, corporate social responsibility, and the perceived role of ethics and social responsibility. ledger of Business Ethics, 82(3), 657-666. inside10.1007/s10551-007-9584-0Bandsuch, M., Pate, L., & Thies, J. (2008). Rebuilding stakeholder trust in business An examination of principle-centered leadership and organizational transparency in corporate governance. Business & Society Review. 113(1), 99-127. doi10.1111/j.1467-8594.2008.00315.xCaldwell, C., Hayes, L.A., & Long, D.T., (2010). Leadership, trustworthiness, and ethical stewardship. Journal of Business Ethics. 96497512. doi 10.1007/s10551-010-0489-y Dennis Kozlowski The Implications of Unethical Behavior EssayBrief Historical SummaryDennis Kozlowski, is the former Chief Executive Officer (CEO) of Tyco International Ltd. During his tenure, Kozlowski engaged in activities that were considered unethical. In 2005 Kozlowski was convicted of misappropriation o f corporate funds. Kozlowski had been involved in illegal and unethical behavior during most of his tenure. The findings that lead to the conviction of the former CEO were due to the persistent questioning and interrogating tactics of the shareholders and stakeholders because Kozlowski held within his authority to make decisions that could change the course of the company. Business ethics, auditing practices, and government regulations will forever be affected by the $500 million loss endured by the company. Needless to say this scandal had an major impact on the economy and the business world. Kozlowskis long line of bad decision making is used by businesses as well as academics as an examples of unethical behavior and why internal controls are important to corporate governance. As the primary indicator of performance, corporate governance reports often display the strength and weaknesses of the company but are only as reliable as the set of values and ethics of the persons impleme nting the rules. Unethical behavior/event examinedWas it unethical practices, poor governmental regulations, or bad organizational behavior that lead Kozlowski to make the decisions that lead to the 2005 conviction? Vasile (2004) defined business ethics as learning what is right and what is wrong and simply doing what is right (p. 2). However, the actions attached to the decisions are not always as easily derived. In most instances, leaders are faced with making the decision as to what is... ...934USA Today. (2005) Timeline of Tyco International Scandal. Retrieved from http//usatoday30.usatoday.com/money/industries/manufacturing/2005-06-17-tyco-timeline_x.htmValentine, S., & Fleischman, G. (2008). Professional ethical standards, corporate social responsibility, and the perceived role of ethics and social responsibility. Journal of Business Ethics, 82(3), 657-666. doi10.1007/s10551-007-9584-0Bandsuch, M., Pate, L., & Thies, J. (2008). Rebuilding stakeholder trust in business An exa mination of principle-centered leadership and organizational transparency in corporate governance. Business & Society Review. 113(1), 99-127. doi10.1111/j.1467-8594.2008.00315.xCaldwell, C., Hayes, L.A., & Long, D.T., (2010). Leadership, trustworthiness, and ethical stewardship. Journal of Business Ethics. 96497512. doi 10.1007/s10551-010-0489-y