Case Studies of Business Ethics & Corporate Governance

3354 Words Apr 3rd, 2012 14 Pages
An
Assignment of Business Ethics & Corporate Governance

CASE STUDIES

Module I

BHOPAL GAS TRAGEDY

December 3, 2009, marked the 25th anniversary of the world's worst ever industrial disaster - the gas leak that occurred at Union Carbide India Ltd's (UCIL) pesticide plant in Bhopal (Madhya Pradesh, India). The tragedy that instantly killed more than 3,000 people and left thousands injured and affected for life, occurred when water entered Methyl Isocyanate (MIC) storage tank No. 610 of the plant on December 3, 1984. MIC is one of the deadliest gases produced in the chemical industry and is known to react violently when it comes into contact with water or metal dust. Though the plant was closed down soon, the after-effects of
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The fact that UCC and then Dow had been able to evade the real costs of compensation and clean-up, was viewed by critics as an example of the power and impunity enjoyed by multinational corporations. The victims' struggle against UCC, and then Dow, were recognized as the world's longest running struggle against corporate excesses. Experts felt that the outcome of this struggle would have huge implications for globalization. And as such, the incident at Bhopal was not just an industrial disaster from the past century, but a very important issue of the new millennium of people's right, government responsibility, and corporate accountability.
Issues:
» Analyze and understand the world's worst industrial disaster, its reasons, and consequences (both short-term and long-term), and why it is relevant even today.

» Discuss and debate the stance taken by the multinational corporation, host government, and other stakeholders following the disaster.

» Understand why this tragedy and the outcome reflect the dark side of contemporary capitalism.

» Understand the transnational aspects of the ethical debate and how multinational corporations can be held accountable for its malpractices in a country other than its origin.

BUSINESS ETHICS: COCA-COLA FACES ANOTHER UNIVERSITY BAN

The article discusses about the ban on coca cola by University of Michigan and other universities,