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BUSINESS ETHICS
This document presents a study on corporate governance and business ethics in four European Union countries: Sweden, Spain, Bulgaria, and Greece. It begins with an introduction and background on corporate governance and ethics in the EU. The methodology section describes a three cluster analysis process used to analyze and compare the four selected countries. The analysis section presents the results of the comparative study, finding that Sweden has the lowest corruption and best governance, while Bulgaria has the highest corruption. It concludes by summarizing the key differences between the countries based on metrics like GDP, inflation, law/efficiency scores, and corruption rankings.
BUSINESS ETHICS
- 1. COPORATE GOVERNANCE AND BUSINESSETHICS IN EUROPEAN UNION Presented By – Nikhita Mittal Sweta Leena Panda
- 2. C O NT E N T I NT R ODU CT I ON BACKGROUND STUDY OF EU METHODOLOGY 4 COUNTRIES ANALYSIS FINDINGS COMPARATIVE STUDY
- 3. NEEDS OF CORPORATE GOVERANCEAND ETHICS Usefulness of Ethics Analysis Contradiction Corporate Governance Common law
- 4. BACKGROUND STUDY OFEU d Corporate Governance Standardization BENEFITS
- 5. METHODOLOGY Country Analysis • Basis •Selection of Countries Cluster Analysis • 3 Cluster analysis process • Solution to cluster analysis
- 6. local projects international projects Centra Metropark Petersen Museum OneJackson Square World Bank HQ ASA Research Hall Danube House Heron Tower One Light Empire Covent Garden Luxure Skydome GREECE SWEDEN BULGERIA SPAIN
- 7. COMPARATIVE STUDY Sweden Spain Family dominatedownership , 79% 2 1 Shareholders : 28% T Communitarian system 2 1 1.5% inflation rate Communitarian system 2 1 High Shareholder’s concentration T concentrated family ownership 2 1 Rapid economic growth 4 3.65% GDP growth avg. year Good Governance Economic
- 8. COMPARATIVE STUDY Bulgaria Greece Good GovernanceEconomic Main goal – Get over economic crisis 2 1 6 % inflation rate, 3.65% GDP growth avg. year 1990 , First Multiparty Election1 2 GDP 3.65% , 2007 & 4.2 % % inflation rate , 2008 Concentrated family ownership 3 1 Adopted euro in 2002 Hellenic parliament enacted law on CG3 2003 , all public companies need corporate governance2 1 Communitarian system
- 9. COMPARATIVE STUDY Sweden Spain Low corruption, Score 10/10 2 1 Scandinavian Tradition 2 1 9.3/10 ScoreFew unethical issues in history Moderate corruption , rank 25th1 Score 6.7 French legal tradition 2 1 efficiency : 6.25/10 2 Gescartera and Eurobank Scandal3 Law Business Ethics 4 Mercantile Laws
- 10. COMPARATIVE STUDY Bulgaria Greece Most corrupted, 64th rank 2 1 Unicameral legislature 2 1 rules of law : 51.4 % rank Noteworthy financial scandal High corrupted , 56th rank , Score - 4.6 2 1 French legal tradition 2 1 Efficiency : 7/10 Banking scandal Law Business Ethics
- 11. CONCLUDE COMPARATIVE STUDY 0 2 4 6 8 10 12 GDPInflation score Law/Efficiency Corruption Sweden Spain Bulgeria Greece Majorchangehappenedin:Sweden SpainandGreecemademoresuitablechange BulgariaisnewtoEU 6 Sweden 55,039 58,116 22 Spain 28,648 29,580 24 Greece 22,395 N/A Rank Country 2012 2013
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