Exam 5: Ethical Leadership and Corporate Governance

Great leaders are stewards of the ethical commitment of the firm, and this commitment is transferred to the employees.

All of the outside board members should meet at least once a year without the presence of the CEO.

A(n) _______________ leader is one who is focused on developing a long-term vision for the company and who uses a charismatic personality to communicate his or her vision to the employees.

Which board type becomes actively involved in all major decisions of the firm and meets frequently and focuses intensely on all issues on the agenda at the board meetings?

A(n) ______________ leader is a manager who has strong ethical traits, behaviors, and decision making of a moral person but is not able to transfer those values to other employees within the firm.

Ethical leadership can be defined as "the demonstration of normatively appropriate conduct through personal actions and interpersonal relationship, and the promotion of such conduct to followers through two-way communication, reinforcement, and decision making."

Corporate governance can be defined as the system that is used by firms to control and direct their operations and the operations of their representatives, the employees.

Research has found that there is a direct relationship between CEO compensation and the financial performance of the firm.

There are four key characteristics of a strong and effective board member. Which one is not such a characteristic?

In a short essay, discuss corporate governance.

All of the following are major issues that most boards of directors have in common except

When the CEO is also the chairman of the board, it is called ____________.

It can be argued that CEOs' high level of compensation can be justified based on _____________ ethics.

In the opening case study, Korean Airlines stated initially that Ms. Cho had a responsibility to

______________ is the means through which firms ensure the needs of all their stakeholders are satisfied.

The relationship between stakeholders and corporate governance is critical. Which of the following is not one of the criteria for success?

Which of the following is NOT a type of board involvement as proposed by David Nadler?

Martha Stewart could be an example of a(n) _______________ leader in that her media empire was built on the correct way to entertain and interact with other people, but her conviction may cause other employees within her empire to question whether any of her statements after her convictions were true.

Strebel suggests that there are 4 major roles for the board of directors. Which one is not a role he indicates?

When the CEO is also the chairman of the board, it is called CEO duality.