Business Sustainability, Corporate Governance, and Organizational Ethics

A comprehensive framework for understanding the most important issues in global business This is the e-book version of Business Sustainability, Corporate Governance, and Organizational Ethics. In today's business environment, multinational corporations are under pressure from investors, lawmakers, and regulators to improve their corporate governance, business sustainability, and corporate culture. Business sustainability, corporate governance, and organizational ethics are taking center stage in the global business environment. This long-awaited text covers each of these three important areas in detail, guiding readers to a robust understanding with features including chapter summaries, essential terms, discussion questions, and cases for each topic covered.

Preface ix

Acknowledgments xi

Introduction xiii

Abbreviations xix

Module I The Free Enterprise System and Financial Markets 1

Chapter 1 The Free Enterprise System, Financial Markets, and Corporate Culture 3

Chapter 2 The Role and Responsibilities of Business in Society 25

Chapter 3 Introduction to Business Sustainability, Corporate Governance, and Organizational Ethics 57

Module II Business Sustainability: Practice, Research, and Education 91

Chapter 4 Business Sustainability 93

Chapter 5 Sustainability Principles, Theories, Research, and Education 137

Chapter 6 Drivers and Sources of Business Sustainability Initiatives 175

Chapter 7 Financial Economic Dimension of Sustainability 193

Chapter 8 Nonfinancial Dimension of Sustainability 213

Chapter 9 Business Sustainability Performance Reporting and Assurance 253

Chapter 10 Emerging Issues in Sustainability Performance, Reporting, and Assurance 289

Module III Corporate Governance: Practice, Research, and Education 345

Chapter 11 An Introduction to Corporate Governance 347

Chapter 12 Fundamentals of Corporate Governance 381

Chapter 13 Oversight Function 409

Chapter 14 Board Committees 461

Chapter 15 Managerial Function 503

Chapter 16 Compliance Function 543

Chapter 17 External Auditing Function 593

Chapter 18 Internal Auditing Function 639

Chapter 19 Legal and Advisory Function 669

Chapter 20 Monitoring Function 687

Chapter 21 Corporate Governance of Private Companies and Not-for-Profit Organizations 713

Chapter 22 Corporate Governance, Performance, Information Technology, Research, Education, and Reporting 739

Chapter 23 Transformation of Corporate Governance, Contemporary Issues, and Global Perspectives 775

Module IV Organizational Ethics: Practice, Research, and Education 831

Chapter 24 Overview of Business Ethics 833

Chapter 25 Where Ethics Come From: Gazing at the Human Condition 849

Chapter 26 How People Make Ethical Decisions 865

Chapter 27 Ethics as Corporate Culture 881

Chapter 28 The Institutionalization of the Ethical Corporation 897

Chapter 29 Emerging Business Ethics Issues 911

Chapter 30 Ethical Leadership 933

Index 949

Zabihollah Rezaee is the Thompson-Hill Chair of Excellence, PhD coordinator, and Professor of Accountancy at the University of Memphis. He has published more than 220 articles and 10 books on business sustainability, financial reporting, auditing, corporate governance, forensic accounting, and management accounting. He holds 10 professional certifications including CPA, served on the Standing Advisor Group of the Public Company Accounting Oversight Board (PCAOB), and is the editor of the Journal of Forensic Accounting Research.

Timothy Fogarty is the Thomas A. Dickerson Faculty Fellow and Professor of Accountancy at Case Western Reserve University. His research focuses on accounting regulation, organizations that employ and influence the work of accountants, and accounting education. He has served as an editorial board member of over 20 journals in accounting and other subjects.