Case Study: The four pillars of corporate governance are respsonibility, accountability, fairness, and transparency.
On Aug 9, 205, Chancellor William B. Chandler III of the Delaware Chancery Court ruled that the director of the Walt Disney Co. acted in good faith when Michael Ovitz was hired in 1995 to be the CEO of Disney and then allowed to walk away fifteen months later after being fired by Michael Eisner, the chair of the Disney’s board of directors, with a lucrative severence package value at $130 million . Discussthe role and responsibilities of a board of directors in maater such as this? Is it fair that OVitz was allowed to walk away with such a lucrative severence package only after 15 months after being fired? Include in your discussion what is fairness in this instance from an ethical perspective.
-Discuss how this case lacks corporate governance using the four pillars.
-Discuss how each of these pillars help to create ethical corporate governance systems.
-Use an outside company to defend your answers