Corporate Governance and Ethical Responsibility: Case Study

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Corporate Governance and Ethical Responsibility: Case Study Different Stakeholders at the Universal Human Care Hospital At the Hospital, there are different types of external and internal stakeholders whom Dr. DoRight deals with on any given working-day. The first stakeholders are the patients whom Dr .DoRight has to meet on a daily basis in order to ascertain whether they do receive quality form of services. The Hospital receives about 20,000 clients in the course of its annual operations. Patients are external stakeholders who possess potential interest from the Hospital since their desire is to receive a justifiable type of service for the amount of resources paid (Mainardes, Alves & Raposo, 2012). Second, there are employees of the facility who are stakeholders holding direct interests on the operations of the firm. There are about 5,000 employees in the facility who provide medical services as well as care duty to the patients: doctors provide medical services while the nurses provide care for the clients. The immediate interests of the employees relates to the remuneration process. This is evident given the fact that they work for pay by the administration of the facility. Dr. DoRight, as the key policy maker of the firm, is mandated with the task of coming up with formidable pay-policies of these employees hence making him come into contact with them especially because intense levels of negotiation is required. The important facet to realize is that the employees are internal types of stakeholders (Mainardes, Alves & Raposo, 2012). Third, there are trustees of the facility who are external types of stakeholders that should be governed by the loyal duty of conducting their activities in immense good faith. Their respective interest to the facility relies, immensely, on the operations of the firm. Thus, acting in good faith is apparent and obligatory in

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