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Corporate Governance Essay

669 words - 3 pages

Potential Legal and Ethical Challenges
The legal imperative to obey all the laws in every country where a company operates, including complying with regulations and reporting procedures, as well as beyond the letter of the law, to include ethical business practices and organizational governance. Corporate governance establishes fundamental systems and processes for oversight, accountability and control. This requires investigating, disciplining and planning for recovery and control. (Thorne, 2011)
The challenge is important because, when met, it will provide for the long-term profitability of the organization. For no matter how well a company may perform its non-economic functions, it ...view middle of the document...

As companies find opportunities to widen their market share in these foreign countries, they will have to become increasingly aware of the differences in culture and the acceptable business practices within each country/region (O'Toole, 2009)). This issue will become increasingly important has our economy continues to move towards a more global arena.
Also a number of other potential legal and ethical issues that may arise include but are not limited to|
1. Federal, state, local authorities have control requirements relating to air, water, noise, and pollution
2. Motorcycles must meet U.S. Environmental Protection Agency (EPA) and State of California Air Resources Board (CARB) standards
3. Subject to the National Traffic and Motor Vehicle Safety Act.
4. Voluntary recalls in the last 3 years cost $10.8 million and helmet use and noise abatement laws could pose some legal or ethical issues in the future. (Davidson, Harley Davidson, 2012)
Labor union negotiations are another factor that the company will have to continue to stay on top of. As many companies in the industry have experienced, when negotiations break down this can have extremely negative results on production operations and the...

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