Corporate Governance and Ethical Responsibility Research Paper - 1

Corporate Governance and Ethical Responsibility - Research Paper Example Shareholders Firstly, with response to the key shareholders of the given case study, these can most easily be related in terms of patients, staff, vendors, and management. With relation to the patients and staff, these two shareholders are the most obvious ones with which the hospital president will come in contact with on a daily basis. However, beyond these shareholders, there are also those of the vendors with which the hospital necessarily does a healthy and continual level of business with. These vendors will be discussed at length further in the analysis as they exemplify a peculiar and dynamic shareholder within the level of seeking to ensure the hospital behaves in an ethically and morally expeditious manner. Finally, as with any level of position and/or responsibility – no matter how high, the president of the hospital is ultimately responsible not only to the staff and patients of the hospital he presides over but also to the board of trustees, regional compliance ma nager, executive committees, and a litany of other shareholders that define the very upper reaches of oversight for the president’s position. ... thermore, this group is unique within the representation of the other groups that will be discussed as it is the only one that acts as that of the end consumer/customer. As such, this group is directly affected by any adjustment to the level, quality, or affordability that the health care exhibits. Secondarily, the next group of shareholders that have been mentioned are those of the staff that are employed by the hospital. These of course obviously include doctors and nurses as well as the full array of primary healthcare providers. However, this also includes the array of support staff, janitors, facility maintenance, HR departments, lab personnel, and pharmacists/technicians etc. Although it may be convenient for the reader/researcher to lump all of these individuals in with the â€Å"responsible† and/or â€Å"guilty† party with reference to the elevated level of patient deaths that have been occurring, the preceding analysis helps to point to the fact that this group itself is diverse and varied and thereby cannot be lumped together as a responsible entity for the patient losses that have been suffered. Moreover, the needs and wants of this particular group of shareholders are concentric upon retaining their position, whatever that might be, within the hospital, and ensuring that no disastrous revelations threaten the security that their livelihood provides. As such, the hospital staff have a strong vested interest in ensuring that no waves rock the boat so to speak. Although a vested interest does not necessarily correlate to an unethical action, it should nonetheless be noted by the reader that this vested interest is every bit as strong as any of those which will be or have been listed within this paper. Thirdly, the vendors themselves represent a powerful group of