Verified Document

Honesty Zach Is Faced With Essay

Related Topics:

Honesty

Zach is faced with the dilemma with respect to whether or not to voice his concerns over the hiring policies of the company for whom his company works. Essentially, Zach must at this point understand the role he plays. He is an agent of Colley & Davis, and his superiors have expressed what they feel is Zach's role. The client, in their view, is free to operate as it sees fit. The dilemma for Zach is that he feels this is not in the client's best interests.

It may be the case that there is a breakdown in the agency relationship between the CEO of the client and the shareholders. The breakdown is caused by an apparent lack of oversight by the Board of Directors. However, Zach has no such agency relationship. It is not his job to improve the client's performance but rather it is his job to improve his own company's performance. In this case, the best interest of Colley & Davis is to fulfill the client's requirements, for two reasons. One is that if he hires a stooge, the candidate is more likely to spend a year with the client, ensuring that the full fee is paid; the other is that his superiors have instructed him to do so. Not hiring a stooge would increase the risk that the full fee not be paid.

Zach has been honest with his opinions to this point, and he took those opinions to his superiors. This was the right thing to do in this situation, because Zach's responsibilities with respect to his honesty are to his own company. Now that he has received instruction from his superior, he should follow on that advice. He owes no fiduciary duty to the shareholders of the client company. Moreover, his opinions with respect to their CEO or Board of Directors are just that -- opinions. There is no need for dilemma with respect to airing his opinions, especially since he has already done so with the stakeholder to whom he has a bona fide duty.

Cite this Document:
Copy Bibliography Citation

Related Documents

Board of Directors FR: Renewal
Words: 1646 Length: 6 Document Type: Essay

That this case has emerged internally gives us an opportunity to ensure that situations like this do not arise out of our control, i.e. discovered by a customer. We have the opportunity to built our compliance and audit procedures from scratch, so that the level of oversight these departments have on the firm's operations is complete, and insulates the firm against further risk. An investigation should be conducted into

Planning Board of Directors Private
Words: 1266 Length: 5 Document Type: Essay

January 21, 2011 -- All contracts must be signed and returned by this date. January 21-Feb 1 -- interview caterers, hotels, limo services to make certain that they are appropriate. Visit all vendors and sites. February 1-4, 2011 - book all hotel, limo and catering reservations. Pay all deposits necessary. February 7-11, 2011 -- Find backup caterer and limo service in case of problems May 2-6, 2011 -- meet with caterer, choose menu, make

Role That the Board of Directors Should
Words: 970 Length: 2 Document Type: Essay

role that the Board of Directors should play in IT governance. The Board of Directors will have the ultimate responsibility for IT policies within a company. It is the board of directors that determine IT policies will be put into place, and will be responsible for accurately communicating those. The model also be responsible for keeping up-to-date with developments, as well as the determination and monitoring of investments and IT

Change: Macy's Inc. The Board of Directors
Words: 1160 Length: 4 Document Type: Essay

Change: Macy's Inc. The Board of Directors Macy's Inc. Re: Report for recommendations Team Leader Change Management Macy's Inc. The usage of technology as a source of expediting business processes, reducing cost, and shortening lead time to market products is widely appreciated in the business world. It is also observed that technology offers various solutions to a business process in order to achieve its desired results. The organizations also compete on the basis of

Australian Corporate Directors the Four Step Process
Words: 1861 Length: 7 Document Type: Essay

Australian Corporate Directors The four step process of understanding business law is very helpful in arriving at some important conclusions about the case of Coco Ltd. And its recent accident. The four step process suggests provides a manner in which this problem can be properly understood and the correct actions may be implemented to prevent further problems. This part of the essay will advise the directors of Coco Ltd. Of their

Nonprofit Organizations and Board Term Limit Policy
Words: 3081 Length: 10 Document Type: Term Paper

Nonprofit Board Term Limits Nonprofit Board Limits An Analysis of the Influence of Board Term Limits on Non-Profit Organizations There has been a significant amount of debate in the literature about what constitutes good corporate governance in regards to establishing term limits on members of the board of directors in non-profit organizations. The debate ranges from arguments that propose that any kind of term limit is unnecessary and could hinder the overall performance

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now