Welcome to Ethics and Governance - Module 3: Governance Concepts! This episode bridges ethical theory with practical governance, exploring how organizations are structured and overseen. We detail key director duties—from avoiding conflicts of interest to preventing insolvent trading—and the real personal liability they carry. Delve into agency theory, explaining concepts like information asymmetry and moral hazard, and how robust governance mechanisms like independent boards and audit committees address them. We also contrast international governance approaches and highlight its relevance beyond traditional corporations to not-for-profit and public sector entities. Essential for your professional exams and cultivating ethical leadership.

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