E ISSN: 2583-049X
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International Journal of Advanced Multidisciplinary Research and Studies

Volume 3, Issue 2, 2023

Investigation of Ethical and Cultural Considerations Incidental to the Development of Corporate Governance Structures and Systems



Author(s): EO Taiwo

Abstract:

The survival of any modern business is possible when knowledge and practice of ethical considerations are merged with cultural tendencies. This combination has over the years been treated as a not too relevant factor in the scheme of corporate endeavors. However, as competition become tougher and all players scramble for their respective market shares, the relevance of ethical compliances and cultural intelligence cannot be over emphasized. The implication of this situation is that corporate governance organizations are faced with very many challenges and as such must develop models of governance measures that can be the basis for their operations and also the focal point of assessment of their corporate performances. Thus, whether those achievements translate to the satisfaction of the corporate objectives or not, these governance models and their enabling legal instruments and structures are designed to provide the organization with the light and direction for greater success. This study therefore unraveled the underlying relevance of ethical behaviors and cultural intelligence, which could serve as the means of social and economic stability of the environment where the organization has an immediate impact. Relatedly, ethical and culturally based policy initiatives for corporations, enable them to maintain constant productivity profile to the extent of developing ability to project or forecast into the future, with significant accuracy.


Keywords: Operational Conditions, Industrialization, Commercialization, Internationalization of Domesticated Policies, Ethical Complexities, Cultural Dynamism

Pages: 811-816

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