Which of the following statements is not right? A. In Europe, corporate codes of ethics are the key guidelines for ethical behaviour B. In Asia, top management is responsible for ethical conduct in business. C. In North America, the dominant approach to stakeholder management is a focus on shareholder value. D. In Asia, managerial discretion is the key guideline for ethical behaviour.
Question
Which of the following statements is not right? A. In Europe, corporate codes of ethics are the key guidelines for ethical behaviour B. In Asia, top management is responsible for ethical conduct in business. C. In North America, the dominant approach to stakeholder management is a focus on shareholder value. D. In Asia, managerial discretion is the key guideline for ethical behaviour.
Solution
The statement that is not right is C. In North America, the dominant approach to stakeholder management is not only a focus on shareholder value. While shareholder value is important, North American companies also consider other stakeholders such as employees, customers, communities, and the environment. This is known as a stakeholder approach to management, which balances the interests of all stakeholders, not just shareholders.
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