Corporate Governance and
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Corporate Governance and Accountability
...... An example of bad ethical decisions made in Vietnam by a large company can be seen in the case of Nike. One of the most determined and stimulating corporate responsibility matters for many global companies is how to produce products in contract factories in less developed nations while compensating reasonable wages and upholding suitable operational circumstances for employees. It was just brought to light about the worldwide giant Nike, whose three central product lines, footwear, apparel and equipment, are made in about six hundred contract factories that employ more than eight hundred thousand employees in forth six nations worldwide (Conner, 2010)
The organizer and chief executive of Nike, who possesses Nike stock valued at $4.5 billion, has validated the efficiency of his simple and unforgiving calculation for creating billions fast. This is done by creating a faddish request for a good by expending tens of millions of dollars for authorizations by widespread U.S. athletes and keeps the business in poor third world nations where employees are remunerated very little and are not sheltered by labor laws (Sampley, 1997)......
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