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  • Essay / Dennis Kozlowski: The Implications of Unethical Behavior

    Brief Historical SummaryDennis Kozlowski is the former CEO of Tyco International Ltd. During his tenure, Kozlowski engaged in activities considered unethical. In 2005, Kozlowski was convicted of corporate embezzlement. Kozlowski had been involved in illegal and unethical behavior for most of his tenure. The findings that led to the former CEO's conviction were due to shareholders' and stakeholders' persistent questioning and questioning tactics, as Kozlowski held the power to make decisions that could change the course of the company . Business ethics, auditing practices and government regulations will forever be affected by the company's $500 million loss. Needless to say, this scandal had a major impact on the economy and the business world. Kozlowski's long string of poor decisions is used by businesses as well as academics as an example of unethical behavior and the importance of internal controls for corporate governance. As a primary indicator of performance, corporate governance reports often display the strengths and weaknesses of the company, but are only as reliable as the set of values ​​and ethics of the person reporting. implement the rules. Unethical behavior/event examined Was it unethical practices, poor government regulations? , or poor organizational behavior that led Kozlowski to make the decisions that led to the 2005 conviction? Vasile (2004) defines business ethics as “learning what is right and what is wrong and simply doing what is right” (p. 2). However, actions related to decisions are not always so simple to infer. In most cases, leaders are faced with the decision of what is...... middle of paper......934USA Today. (2005) Timeline of the Tyco International scandal. Retrieved from http://usatoday30.usatoday.com/money/industries/manufacturing/2005-06-17-tyco-timeline_x.htmValentine, S. and Fleischman, G. (2008). Professional ethical standards, corporate social responsibility, and the perceived role of ethics and social responsibility. Journal of Business Ethics, 82(3), 657-666. doi:10.1007/s10551-007-9584-0Bandsuch, M., Pate, L., & Thies, J. (2008). Rebuilding stakeholder trust in business: an examination of principle-centered leadership and organizational transparency in corporate governance. Journal of Business and Society. 113(1), 99-127. doi:10.1111/j.1467-8594.2008.00315.xCaldwell, C., Hayes, LA and Long, DT, (2010). Leadership, reliability and ethical management. Journal of Business Ethics. 96:497-512. doi: 10.1007/s10551-010-0489-y