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Unchecked Greed in Corporate Management: The Viktor's Dilemma

Explore the archetype of a corrupt corporate figure like Viktor who mishandles company funds. Learn about legal rules, governance methods including board structure, ethics, audits, and the Pfizer example to tackle such behavior. 8

shoushan-mccoy
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Unchecked Greed in Corporate Management: The Viktor's Dilemma

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  1. Czech archetype of a corporate crook ? He manages other people’s money.What sort of bad things can he do?

  2. X Y Z Viktor’s choice MANAGE THE COMPANY WELL AND HONESTLY MANAGE THE COMPANY BADLY BUT HONESTLY STEAL FROM THE COMPANY/SHAREHOLDERS Theoretically achievable value of a company

  3. How to tame the bad guy? STEALING FROM THE COMPANY/SHAREHOLDERS Legal Rules • No stealing • Duty of loyalty • Corporate opportunity • Duty of care • Civil Liability • Criminal Liability MANAGING THE COMPANY BADLY Corporate Governance • Board composition • Independent directors • Board committees • Code of ethics • Disclosure • Audit • Takeover threat • Loss of job

  4. Corporate Governance dashboard – Pfizer example

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