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    SJCC Final Exam Soc Sci 2

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    Jonalyn Lodor
    1) The board of directors likely intervened to terminate the senior team over issues of conduct. 2) Examples of ethical misconduct could have included embezzlement, fraud, or improper use of company funds or resources for personal gain. 3) Firing the entire senior team at once with no detailed explanation was not a good idea and likely caused uncertainty and confusion among employees and stakeholders.

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    SJCC Final Exam Soc Sci 2

    Uploaded by

    Jonalyn Lodor
    57 views1 page
    1) The board of directors likely intervened to terminate the senior team over issues of conduct. 2) Examples of ethical misconduct could have included embezzlement, fraud, or improper use of company funds or resources for personal gain. 3) Firing the entire senior team at once with no detailed explanation was not a good idea and likely caused uncertainty and confusion among employees and stakeholders.

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    1) The board of directors likely intervened to terminate the senior team over issues of conduct. 2) Examples of ethical misconduct could have included embezzlement, fraud, or improper use of company funds or resources for personal gain. 3) Firing the entire senior team at once with no detailed explanation was not a good idea and likely caused uncertainty and confusion among employees and stakeholders.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    57 views1 page

    SJCC Final Exam Soc Sci 2

    Uploaded by

    Jonalyn Lodor
    1) The board of directors likely intervened to terminate the senior team over issues of conduct. 2) Examples of ethical misconduct could have included embezzlement, fraud, or improper use of company funds or resources for personal gain. 3) Firing the entire senior team at once with no detailed explanation was not a good idea and likely caused uncertainty and confusion among employees and stakeholders.

    Copyright:

    © All Rights Reserved
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    San Jose Community College

    San Jose Malilipot, Albay

    Final Examination in Good Governance and Social Responsibility

    Name:______________________ year/block:___________ date:________


    Mini Case
    Mysterious Termination

    Multi Global Finance and Insurance Corporation (MGFCIC) was, by all accounts, a
    model insurance company. Profits were strong and had been for several years in a row.
    The company carried the highest ratings in its industry, and it had recently been voted one of
    the Top100 companies to work in the Philippines in recognition of its “very employee-
    focused work environment”. MGFIC offers very generous benefits: free lunches in the
    cafeterias, on-site daycare facilities, and even free Starbucks Coffee in the employee break
    rooms. In an industry that was still struggling with the massive claims after a succession of
    typhoons and floods in the Philippines, MGFIC was financially stable and positioned to become
    one of the major insurance companies in the country.
    So, why were the CEO, Juan Paderez; the CFO, Lydia Sanchez; and the COO, Jose
    Aquino, all fired on the same day with no explanation other than that the
    terminations were related to issues of conduct?

    Questions:
    1. Who would most likely have intervened to terminate the senior team over issues o f
    conduct? (10 pts.)
    2. Gi v e s o m e ex am p l es o f t h e k i n d i f e t h i c a l m i s c o n d u c t t h a t c o u l d h a v e le d t o
    t h e termination of the entire senior leadership of MGFIC. (10 pts.)
    3. Was it a good idea to fire them all the same time with no detailed explanation? (10 pts.)
    4. How are the stakeholders of MGFIC likely to react to this news? Explain. (10 pts.)

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