Shades of Grey: Directors' Dilemmas
This report builds on the work of the ICAS’s Ethics Committee in Shades of Grey: Ethical Dilemmas, which dealt with ethical dilemmas facing professional accountants. It was preceded by David Molyneaux’s 2008 ICAS research report, What do you do now? Ethical Issues Encountered by Chartered Accountants. His report comprises 28 ethical dilemmas faced by chartered accountants. David was to have written Shades of Grey: Ethical Dilemmas but sadly passed away before that project commenced.
Following a similar style, this report addresses dilemmas facing company directors.
The dilemmas in this report
There are 34 dilemmas covering six areas commonly experienced by directors:
- Directors’ duties – fiduciary duties/conflict of interest (7 dilemmas)
- Directors’ duties – duties of care and skill (2 dilemmas)
- Decision making (10 dilemmas)
- Behavioural issues (4 dilemmas)
- Information asymmetry (4 dilemmas)
- Conduct of board business (7 dilemmas)
Download Shades of Grey: Directors' Dilemmas.