Duncan, a senior sourcing coordinator at Chips Inc, a microchip manufacturing company based in Cape Town, was recently found guilty of unethical behaviour after a 3-month investigation. This came after reports that Lion Engineers was seen doing renovations to Duncan’s home. Lion Engineers is the same company that Chips Inc had recently awarded a multi-million-rand tender that Duncan was spear heading. According to the King III and IV reports, senior managers should take responsibility for the ethical conduct of their organisations. Which one of the following options is a misinterpretation of a stipulation in the King III and IV reports?

Question

Duncan, a senior sourcing coordinator at Chips Inc, a microchip manufacturing company based in Cape Town, was recently found guilty of unethical behaviour after a 3-month investigation. This came after reports that Lion Engineers was seen doing renovations to Duncan’s home. Lion Engineers is the same company that Chips Inc had recently awarded a multi-million-rand tender that Duncan was spear heading. According to the King III and IV reports, senior managers should take responsibility for the ethical conduct of their organisations. Which one of the following options is a misinterpretation of a  stipulation in the King III and IV reports?

Answer

Chips Inc should assess, monitor and report on its ethics performance, although disclosure is not required.

Answer

The board of directors at Chips Inc should ensure that the company is and is seen to be a responsible corporate citizen.

Answer

Leadership at Chips Inc should be effective and based on an ethical foundation.

Answer

The board of Chips Inc should ensure that management cultivates a culture of ethical conduct through an ethical risk profile and a code of conduct.

Crowdly

Duncan, a senior sourcing coordinator at Chips Inc, a microchip manufacturing co...

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