Discuss the ethical dilemma

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Reference no: EM132948745

Question - You work for a medium-sized company as a Chief Audit Executive (CAE) and also hold the position of non-executive director. The company's financial director (who is also the company secretary) is urging the company to make an acquisition, implying that the chance would pass them by if they do not act swiftly. The CEO has also expressed a desire to move rapidly. However, you are not sure that the data offered to you show that the acquisition is currently the best course of action, and you believe it should be discussed further. A similar decision was made a year ago, just after you joined the board, which you thought was unexpected given the company's trading condition at the time. None of the other board members (who had been on the board for numerous years) dared to question the CEO.

You attempted to contact an independent professional through the company to obtain an expert, unbiased opinion on the acquisition. The CEO, on the other hand, appears to be discouraging you from doing so. You're debating whether to voice your concerns to other board members or simply let the company proceed with what might be a lucrative acquisition. Can you insist on seeking independent professional advice at the risk of the company losing out on an acquisition opportunity?

Required - Discuss the ethical dilemma, threads and safeguard from the scenario above.

Reference no: EM132948745

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