Reference no: EM132201906

You have been appointed to the new role of Ethics Manager in a leading financial services company. The company has been suffering in recent times from negative publicity in relation to ethical practices and procedures in the financial services sector in general. You have been asked to outline how you hope to make the organisation more accountable, transparent and responsive to the needs of the stakeholders from an ethical viewpoint and also to comment on the role of the board of directors in the process. You are required to prepare the written presentation: a) Outlining the components, role and importance of business ethics in today’s business climate. b) The role and responsibility of a company’s board of directors in overseeing the ethical policies in the organisation. c) Examine the use and application of the Boston Consulting Group (BCG) matrix in developing organisational strategies. d) “Establishing the correct organisational systems and building capabilities and core competencies are major issues that managers must deal with when implementing a new organisational strategy” (Thompson and Strickland, 2010). Evaluate this statement giving examples from organisations that you are familiar with.