Ethical And Moral Aspects Of Unethical Practices

The Security Exchange Commission found that The Enron corporations CEO’s and executives hindered the company’s research methods by using information to reveal how the top leaders of the organization assisted and supported the unethical behaviors in the accounting and finance departments. These acts deteriorated the integrity of excellence professionals, associates, and employees who were associated with the Enron Corporation. On behalf of the entire organization, the Enron Corporation’s poor business practices gross standards that pertain to unethical behavior.

Weatherford International LLC is a multinational oil and gas service company founded in 1941. In 2013, they paid over $250 million to the Securities and Exchange Commission, the Department of Justice, the Department of Treasury, and more. This came as the consequence to accusations of “authorized bribes and other kickbacks to foreign official to win business overseas” (Barlyn). Although this may seem like a lofty fine, perhaps it was not enough to deter the company from further fraudulent and unethical behaviors. This would not be Weatherford’s last scandal and penalty.

During the mid-70s, after extensive investigations, 400 companies from the United States were found involved in some type of questionable or illegal payment to foreign government officials and political parties

Beyond the dollars and cents, the Enron catastrophe offers a new textbook example of failed ethics in business. Individuals are responsible for their actions; unethical or illegal individual actions are systems of systemic problems, and Enron’s system of accountability, oversight, ethical disclosure and corporate concerns were flawed. The corporate culture at Enron exemplified values of risk taking, aggressive growth, and entrepreneurial creativity. Although these can be positive values, they were not balanced by genuine attention to corporate integrity and value. Since the culture at Enron was not well

In ethical decision-making, there is an established way to address resolving ethical dilemmas systematically and following established decision-making steps to resolve ethical dilemmas effectively. Applied established ethical-decision making steps along with an understanding of established ethical codes is essential Here we will comprehensively discuss how a professional would apply systematic steps toward a resolution of an ethical dilemma, and discuss the steps to consider taking in the process of making an ethical decision. What is the process to include the client in making your decisions? In what way or ways is

Wayne Grudem provides insight for Christians pursuing careers in business with specific situations which can lead to both ethical and unethical choices. The author chooses to discuss popular situations in the workplace like profit, debt, and competition. His intention is to acknowledge the possible wrongdoings of fraud which could take place and to discuss ways to avoid negative situations from occurring in our workplaces and lives. The aspect of poverty is discussed in detail as it has a large impact on business practice, and results in unfairness to individuals who are trying to better their lives. The author also brings the biblical aspect of business into discussion as he frequently uses verses to solidify his reasoning. Throughout the

Halliburton suppliers want to function in a positive environment that is free of influence due to unethical business performance. With that said, Halliburton's suppliers are requested to conduct business in a approach that would not, in any way, cooperation the ethical values necessary of Halliburton's employees. Halliburton personnel are to abide by the following guiding ethical principles; avoid the intent and

The National Association of Social Workers has a Code of Ethics that every social worker should keep in mind when working with clients. The Code of Ethics is a set of written principles that discuss important conduct and behavior that is created by the organization to serve as a guide for the social work profession. The purpose of the Code of Ethics is to allow those in the profession to conduct themselves ethically and to engage in ethical decision making. Behaving ethically can be a struggle for many people and the decisions on what may be the right choice of action could be completely different for someone else. Social workers face ethical dilemmas on a daily basis and the choice is ours on what we feel can be right and wrong. For this paper, I will be discussing the ethical concerns of the Jones case. I will be including the ethical issues, certain Codes/Laws/SOP, the core values in the profession, and the strategies I will use to practice ethical standards in the profession.

Legal and ethical considerations. A number of ethical considerations are unique to couples and family therapy. Because most couples and family therapists focus on the family system as the client rather than on the individual’s dynamics, potential ethical dilemmas can arise from the first session, which need to be clarified. Because of the increased complexity of their work, couples and family therapist are faced with more potential ethical conflicts than are practitioners who specialize in individual therapy. Gladding, Remley, and Huber (2001) uphold that therapist can respond to ethical dilemmas over contradictory interest of multiple individuals by recognizing the couple or family system as the focus of treatment rather than single individual as the primary client. Therapists who perform as advocates of the systems avoid becoming an agent of any one partner or family member. Working within a framework that conceptualizes change as affecting and being affected by all family members, practitioners are able to outline problems and consider plans for change in the framework or the family system. The AAMFT Code of Ethics (2001) provides a framework I eight core areas:

Notwithstanding, most companies are run by ethical people. They may bend the rules, but few take the process to the extremes of Enron or WorldCom.

Shell was taking advantage of weak local regulation and using third party companies to funnel bribes to the Nigerian government. These bribes bought them many sources of preferential treatment including using government manpower to move ships, rigs, workboats, and other equipment throughout the country. Shell was also able to exploit the military and secured the use of military aircraft for quick movement of special goods. Bribes also allowed Shell to circumvent visa inspections and avoid having their employees deported for over-staying their visas. Many precautions were taken to cook the books and hide these bribes in case of an audit. One such precaution included drawing up fake invoices to create line items on the balance sheet to mask certain bribes. All of these actions taken by Shell are clear examples of how they took advantage of the weak government. A strong government with proper checks and balances would be much harder to manipulate. Bribery and other forms of corruption would be treated harshly in order to deter

Professional ethical theory and practice become the distance from one to another that explore new modes for business, as for other professions. The conventional approaches of professional ethics are concerned with telling people how they ought to behave. These questions include what is one’s moral obligation? What ought we to do? What is our duty? What is the ultimate principle of moral right and wrong? (Blackburn & McGhee, 2004). Business is a complex corporations operate between manufacturers and consumers, employers and employees, managers and stockholder (Hoffman, Frederick, & Schwartz, 2014).

The auditor that sanctioned the IPO ought to have known that under reinsurance accounting, losses incurred by ceded business should be recorded by the ceding insurer as an offset to the increase in its gross loss reserve in a amount equal to the reinsurance it expects to recover from the insurer yet in Converium's IPO prospectus Zurich Re purchased reinsurance from Inter-Ocean and ceded these liabilities to a Zurich entity. Had the auditing firm done its job perfectly it would have realized that Converium had violated Section 10(b) of the Exchange Act and Rule 10b-5 by knowingly and recklessly making false and misleading statements in the events leading to the IPO. In the process of conducting the audit the auditing firm should have realized that Converium understated its pre-tax losses for the previous year before the IPO was conducted.

This report analyses the unethical policy in UK that factories can produce biofuel by our living necessities – food, like grain, corn, rice and many other kinds of plants. Specific objectives were to describe the history of biofuel, the creation method of biofuel, cases of unethical practice and the damage of this issue. This report also offers some recommendations like strengthen monitoring and make relevant laws to solve this problem or to remit it.

The overwhelming facts point to a shady underworld of self-dealing and opportunistic exploitation of the poor and working class, which was until recently, well hidden from the commoner. The executives of WorldCom and Enron provide real world examples of unethical business practices, where the desire to make money for their shareholders transcended into an addiction to greed and self-dealing that were displayed by their, “excessive pay, perks, and golden parachutes”(Carson 392) at the expense of all stakeholders. All is not lost, there are corporations that pride themselves in their sound business model and commitment to ethical business practices. Such companies as Eaton Corporation, and Weyerhaeuser, who according to Ethisphere.com, a business ethics watchdog, are among the “2010 World`s most ethical companies.” (Ethisphere)