Museum Object Outreach Sale: Transparency and Ethics
When a museum object is sold through an 'outreach sale', the primary goal is to ensure the process is both transparent and ethically sound. Evaluating the options provided:
- Direct sale by the director: This method lacks transparency as it involves a single negotiated price without public scrutiny, potentially leading to ethical concerns or accusations of favoritism.
- Closed room bidding: While offering some structure, this is less transparent than a public process. Only invited bidders participate, and the final price isn't necessarily reflective of broader market interest.
- Public auction: This is widely considered the most transparent and ethical method for such sales. It involves open bidding, allowing anyone to participate, ensuring competitive pricing and a clear, verifiable record of the transaction. The process is public, maximizing accountability.
- Priority sale to museum staff: This presents a significant conflict of interest and is ethically problematic for publicly held assets. It lacks transparency and fairness to the wider interested public or potential buyers.
Therefore, a public auction stands out as the method that best guarantees maximum transparency and adherence to ethical practices during an outreach sale of a museum object.
Important Questions from Corporate governance and business ethics
Corporations are controlled and directed by which one of the following?
As per the Anglo-Saxon Model of Corporate Governance, the authority lies with the following. Arrange these in decreasing order of authority.
A. Board of Directors
B. Managers
C. Shareholders
D. Employees (Company)
E. Trade unions
Choose the correct sequence from the options given below
Assertion (A) : Corporate governance is an important instrument of investor protection.
Reason (R) : Strong corporate governance is indispensable to resilient and vibrant capital markets.
Which one of the following options is correct?
Which among the following is not a correct statement with regard to Corporate Governance in India ?
List out from the given statements the important ethical principles that a business should follow:
a) To take the necessary action for the development of the concerned industry or business.
b) Pay taxes and discharge other obligations promptly.
c) To ensure the best utilisation of the human resources.
d) Refrain from secret kickbacks or pay-offs to customers, suppliers, administrators, etc.
e) Ensure payment of fair wages and fair treatment of employees.
Choose the correct answer from the options given below:
