Question

In this team project, you are going to set up a fictitious business in any province of Canada and take the perspective of the Board Committee to reflect on the dimensions of business ethics/corporate governance. To provide guidance, more details about the nature of the business and the specific dimensions of business ethics and corporate governance that need to be addressed are required

Answer 1

Business ethics and corporate governance are important dimensions that need to be addressed in a team project involving the setup of a fictitious business.

Step-by-step explanation:

Business ethics and corporate governance are important dimensions that need to be addressed in a team project involving the setup of a fictitious business. Business ethics refers to the moral principles and values that guide the behavior of a business and its employees. It involves issues such as bribery, discrimination, whistleblowing, and environmental and social responsibility. Corporate governance, on the other hand, focuses on the structures and processes that ensure accountability, transparency, and ethical behavior within a corporation. This includes the role of the board of directors, auditing firms, and outside investors in providing oversight and ensuring accurate financial information.