Hugh McBride will address who the company’s stakeholders are, define the end-state vision, identify and evaluate alternatives, identify and access the risk of the alternatives, recommend optional solutions, create and implement solutions, and to access the outcomes. Beltway Investments are McBride Financial Services major investor. There are some that anticipate for the company to be run by implementing corporate governance. The company’s CEO has decided not to implement this option. The new CEO would rather operate the company without interference of the “money man.” Even though, this maybe a gamble due to corrupt the thinking that would affect Beltway’s public credit.
Provide examples to support your response. The CFO for a corporation deliberately misstates expenses on the income statement purely out of a sense of loyalty to his CEO and the company. The CFO will receive no financial incentive for this misstatement. In fact, he risks losing his job by doing this. Is this an ethical violation for the CFO?
Corporate social responsibility is a business’s obligation to maximise its positive impact and minimise its negative impact on society (Ferrell, O. C 2011). The Global Business Standards Codex; fiduciary principal, transparency principal and the citizenship principal are most suitable to evaluate the tobacco industry's method of using corporate social responsibility to change their unethical public image. The tobacco industry facing issues such as marketing and advertising, conflicts of interest and public criticisms have all taken part in creating that unethical public image and by using corporate social responsibility they may have a chance in obtaining back that positive public image. The tobacco industry is expected by its stakeholders to act ethically in its business decisions.
In the end, I had an employee who had violated the NDA, Aaron Web, and another employee who had broken the law for tdhe company, Jamal Moore. * The first step taken in the case was to figure out what the problem really was and what issue applied to the problem. My decision on this was, “Whether you should use the information obtained by Jamal Moore to discipline Aaron Webb for violating the NDA.” Personally, I was worried that if I knowingly used the illegally-gathered information from Jamal against Aaron, would be unethical and pose a possible legitimate for Aaron against the company. * The second step was to identify the stakeholders. It
I recommend the company should respond to the former employee’s charge of constructive discharge by first apologizing. This former employee has had a negative impact on their life do to our company, and an apology would not hurt the situation. The government has various laws and statues pertaining to constructive discharge, management needs to avoid anything that could be misconstrued as discrimination in the work place. Alternative Dispute Resolution (ADR) refers to processes and techniques of resolving disputes that fall outside of the judicial process (Alernative Dispute Resolution Law & Legal Definintion, 2011). Legally, this could save the company bad publicity, a great amount of stress, and money that isn’t necessary to spend.
The company, the employees, the investors, and the general public can all be involved when unethical behavior occurs. The credibility and reputation of a business can be greatly affected. The main party involved in this unethical research case was the Apollo Group, which is the parent company of the for-profit education corporation University of Phoenix, its chief executive officer and its chief financial officer. Other parties included shareholders of the company and The Policeman’s Annuity and Benefit Fund of Chicago. The case was allowed to be taken to court based on the Private Securities Litigation Reform Act of 1995 (PSLRA), which was intended to reassure institutional investors to lead securities fraud
The warhead cable dilemma case discusses the moral dilemma an employee faces in a work environment when the employee has received an unethical direction from the management. This case looks at the effect of an unethical behavior of upper management on employees. Mr. Stanton should approach the situation by wearing a hat of socially responsible person. Out of the 10 warhead cables that were tested, two were found to be defective (Lawrence & Weber, 2011). He should put a HOLD on the current batch so that it is not released to the customer.
In the primary interest of our entity, its incumbent upon employers to find a right balance between the exceptions to the employment-at-will doctrine to avoid liabilities associated with the violations of the exceptions. The company in this scenario has grounds to terminate the supervisor, but I would issue him/her a written warning hoping that this situation can be resolved among us within our company. This is the case where the potential act of whistle blowing would help reveal the wrongdoing of the business world. I strongly believe that it takes a special person with strong morals to take the ramifications of whistle blowing. Losing a prized job, having to down size your life, and your life being wide open to scrutiny are effects of whistle blowing.
Alumina, Inc. paid out money to a plaintiff based upon threat of lawsuit and hurting its public image (UoP, SIMULATIONS: Business Regulation Simulation, 2009). The issue started with neglect on their part, but with the public accounting of the issue, Mrs. Bates was able to draw her own conclusions to the situation and create a connection (at least minimally) to hers. This type of action can be very costly to the company, and the plan and the team will work to keep this type of action from
Under what conditions, if any, is whistleblowing morally justifiable? INTRODUCTION Business ethicists define whistle blowing as an act of disclosure made by a person about some wrong doings by a corporation to an external agency which is difficult for the public to know otherwise. Companies have started implementing policies against whistle blowing. There are several ethical issues confronted by whistleblowers. Whistleblower can be justified only after looking at the Perspectives on Whistle Blowing and is discussed in detail later.