Corporate Governance (Frey and Cruz-Cruz)

1.1.1 Introduction

On May 11, 2007, the College of Business Administration approved a Statement of Values designed to serve as a guideline for the moral development of this community. But this Statement of Values is as much a process as a product. Just as Johnson and Johnson sought to promote the moral development of its corporate community by “challenging” its corporate credo, ADEM also seeks to promote its moral development by challenging, interpreting, and realizing its Statement of Values.

Your task in this module is to read the appended Statement of Values (SOV) and provide two responses. First, can you think of any problems that have arisen in the past that could have been avoided if this SOV had been adopted and implemented? In other words, assess how effective you think the SOV is as a means for preventing moral harm. Second, challenge the SOV: (1) Are there any interpretation problems you see that would lead to misunderstanding and improper use? And (2) what SOV gaps do you see, that is, what ethical issues remain that are not fully treated under the SOV?

Carrying out these tasks will help you identify creative ways to integrate moral values into your academic endeavors in this class and in other activities this semester. The goal of the SOV is to set the ADEM community on a course of continual improvement. These respective exercises will help start the process.

1.1.2 What you need to know…

Include information that you expect your students to study and learn in this module as well as information that will help them carry out the module activities.

Statement of Values: http://legacy.cnx.org/content/m14850…t/SOV_Copy.doc

Figure 1.2: Clicking on this figure will open the UPRM College of Business Administration’s Statement of Value. The SOV can also be accessed by clicking on the links above provided with this module.

SOV Preamble:

As a result of an ongoing process of reflection and assessment, the College of Business Administration (its students, faculty, staff, and administrators) arms its commitment and loyalty to the following values: justice and fairness, responsibility, respect, trust, and integrity. This statement sets forth these values in order to educate and inspire as well as to promote dialogue and continual improvement. In particular, these values serve to describe this community’s identity and express their aspirations. It is meant to complement existing laws, regulations, professional standards, and codes of ethics by enhancing the pursuit of excellence consistent with the College’s Vision and Mission. In all of its activities, the College of Business Administration will:

1. Justice/Fairness: Be impartial, objective and refrain from discrimination or preferential treatment in the administration of rules and policies and in its dealings with students, faculty, staff, administration, and other stakeholders.

2. Responsibility: Recognize and fulfill its obligations to its constituents by caring for their essential interests, by honoring its commitments, and by balancing and integrating conflicting interests. As responsible agents, the faculty, employees, and students of the College of Business Administration are committed to the pursuit of excellence, devotion to the community’s welfare, and professionalism.