makhlouf et al ., 2018 ). B u s i n e s s F i n a n c e
Hii..thank you again for accepting my question. Post 1: Roles Of Board of Directors In Ethical DilemmasBoard of Directors (BOD) are individuals elected by shareholders to represent their interests. Shareholders entail individuals who have a particular interest in a corporation because of the shares they have purchased in the corporation. Owing to their contribution, shareholders elect the BOD members during their meetings to ensure the effective running of the corporation. BOD’s role is valuable in corporate governance in that it oversees the corporate executive management. Ghillyer (2021) posits that BOD is beneficial in that it controls, monitors, and approves the business strategy to continue creating value for the corporate. This means that they monitor strategy implementation and influence the CEO and the senior management to establish a culture supportive of innovativeness.It is even more valuable to add outside directors to the BOD. Traditionally, many BODs consist of members from within and outside the business organization. When the outside directors are added to the BOD, they bring about the outside perspective and experience (Papadopoulos et al., 2021). Since they are more vigilant because of their resources in the organization, they often keep a watchful eye on how the inside directors and the executive team run the business organizations. They can also guide risk planning and management.Ethical dilemmas are nearly inevitable in every business organization or corporates. However, the BODs only offer advice to the CEO on addressing the dilemmas (Ciulla et al., 2018). Since the team comprises outside and inside members, the inside members would often know the dilemmas at hand, and the outside members would deliberate on them. The inside board members provide a comprehensive report about the situation in the meeting. They would then offer advice on how best to address the dilemmas.post 2:Board of Directors: Value and RoleInvolving the outside directors in the corporate’s Board of Directors is valuable for their role as an oversight body and in managing business ethical dilemmas. Ghillyer (2021) defined the Board of Directors as a group of shareholders selected to monitor and control house the organization uses its resources if it conforms with the organizational strategic plan. Shareholders are the groups with interest in the business organization. According to Ghillyer (2021), shareholders have shares in the business organizations and hold regular meetings to deliberate. In order to protect their interest, the shareholders appoint particular members to the Board of Directors.Incorporating the outside directors is vital because of their contribution. According to Papadopoulos et al. (2021), the outside directors bring other experiences, expertise, and perspective to the board. The board of directors can draw from both and external support before deciding on the best course of action. They have watchful eyes because they are actively involved in the business organization because of their shares. That is why they keep an eye on the inside director and the CEO.When ethical dilemmas arise, the Board of Directors can only advise the CEO on the best actions. They use outside experiences, expertise, and skills to assess the situation and provide a way forward carefully. They majorly use the report of the inside directors generated in the DSS only meant for decision making. Upon understanding the situation, the Board of Directors weighs available options, suggesting that there must be a decision. This is true because the Board of Directors oversees how the business organization utilizes the limited resource and controls and monitors the accomplishment of the strategic plan while creating value for the stakeholders and customers alike (Makhlouf et al., 2018). As a result, they offer approaches to dealing with such dilemmas to the CEOs and monitor the implementation of the suggested approaches.