These are fun questions, especially when applied to my current position as an
accounting manager for a government component. I actually see the agency theory applied
often. Our entity conducts a variety of programs, but one in particular is federal and state,
when the federal and/or state give us money and we select what programs to spend it on
within the parameters we were given. I should say we, it’s the program manager and executive
director that decide.
The stakeholder theory took me a bit of time to figure out within the government, since
it’s generally applied to capitalism (Stakeholder Theory, n.d.). However, the stakeholders for my
company would be other government agencies and the citizens of our state. We operate some
programs with tax dollars. We try to use only instate vendors. We actually have a website
devoted to where one can review the vendors we have used for specific programs and the
dollar amounts we have paid them. Although our programs are not targeted for every citizen,
we do strive to help communities grow by helping the less fortunate within those communities.
I cannot forget the board meetings, which are open to the public.
Corporate governance has an enormous effect on the ethical climate of my
organization. As it currently stands, my organizations executive director was appointed by the
current governor. They also appear to have a good working relationship and have similar
political interests. As longs this duo is together, I don’t foresee many changes in our ethical
climate. Our organization is encouraged to have transparency and accountability. I’m curious to
see if any of my classmates are working in organizations that are utilizing environmental, social,
and corporate governance (ESG), which seems to be a hot topic in the news lately.
Stakeholdertheory.org. 2022. About | Stakeholder Theory. [online] Available at:
<http://stakeholdertheory.org/about/#:~:text=Stakeholder%20Theory%20is%20a%20vie
w,all%20stakeholders%2C%20not%20just%20shareholders.> [Accessed 16 September
2022].
