Teammmpbl 570 Benchmarking

Corporate Governance Benchmarking

Learning Team C

Sharon Jackson, Felicia Jenkins, Steven Ramsey, Denise Spaulding

MMPBL-570

October 24, 2011

Professor Marnita Robertson

Corporate Governance Benchmarking

Benchmarking provides companies with valuable information on operations and best practices in the industry. A company may have tried a practice that did not succeed and this benefits a company as well. Companies look for the best practices to use and also for the practices to avoid. The business environment has changed over the past few years and will continue to change so companies must remain flexible, resolve business concerns, and overcome obstacles in an ethical manner. McBride Financial Services faces corporate governance issues the company must address in order to succeed. This paper will discuss the issues and opportunities faced by McBride and offer several alternatives available to meet its objective.

Benchmarking Analysis

Company Synopses

Johnson & Johnson Sharon (Successful)

Companies have faced scandals during the 2000’s and the general public blames corporate leadership (Hartman, 2005). Studies show a number of expected and measurable outcomes to ethics programs in companies. Many have looked at the end results of firms placing ethics and social responsibility at the forefront of their activities and others look at successful firms and try to determine what role ethics has played (Hartman, 2005). Ethical leadership is essential to the success of a company, and in 1982 Johnson & Johnson showed consumers the company was ethical in its actions and leadership.

Johnson & Johnson produces Tylenol, and the product accounted for 17 percent of the company’s net income in 1981. In September of that year, six people died from cyanide-laced Extra-Strength Tylenol capsules, the company’s bestselling painkiller product. Marketers said the Tylenol brand would never recover from the sabotage (Rehak, 2002). Two...