Exam 5: Ethical Leadership and Corporate Governance

From a(n) _______________ perspective, it would be argued that CEO compensation is based on the rights of the individuals and the judgments made with a specific decision process instead of a focus on the decision choices.

Transformational leaders create a long-term vision for the firm.

In a short essay, describe and evaluate Strebel's contingent perspective of corporate governance.

______________ leaders focus on operational and routine activities within a firm, and it is argued that this is not a true style of leadership but instead "managership" in which control is used to protect the status quo of the firm.

From the perspective of ______________, compensation would focus on the consequences of the greatest good to the greatest number of people.

The passive board is also called the rubber stamp board.

The ____________ board has a proactive role within the decision-making process.

An intervening board allows the CEO and the top management team to take all the major decisions.

______________ should view themselves as active owners of the firm, not just investors.

The ____________ board provides the function of validating to shareholders that the CEO is doing what is expected of him or her and that management will make corrective adjustments when necessary.

In a short essay, list and discuss the six core ethical values that are recommended to guide the behavior of board members.

An inconsistent leader has strong ethical traits and behavior and can translate those traits to others.

__________ transformational leaders use power to manipulate others and focus on their own self interests.