Ethical Dilemma Faced By Reliance Industries Limited

The purpose of this paper is to examine an ethical dilemma faced by a company who manufactures critical components for a pacemaker developer. The consequentialist ethical theory of utilitarianism will be used to evaluate the moral implications this company has in continuing further manufacturing for their pacemaker client. An overview of utilitarian ethics will be discussed, focused primarily around 17th century philosopher Jeremy Bentham’s ideas about ethics. His framework will be used to present factors that influence the transistor company’s business decision. Finally, the Utility Test and Common Good Test will be applied to the company’s predicament to help determine the correct ethical course of action for this

Our company Code of Conduct describes a high level of commitment to patients, communities, suppliers, volunteers, and shareholders, all based on values such as fairness, quality, respect and overall the improvement of human life (Code of Conduct, 2015). One of the reasons I enjoy my job is the close similarities between what HCA values and what I value in my personal life.

Luke is an employee of ABC Company. He has been assigned to a construction of an adult entertainment retail store within a neighborhood his brother, Owen, lives in. The development of the retail store has not been made public yet and will be announced one month from today. This announcement will decrease the property values of the surrounding areas significantly. Owen is trying to sell his house. He told Luke that he recently received an ‘okay’ offer. However, in hopes that a better offer might be present itself in a few years after the real estate market improve, he has not taken the offer yet. Luke is very close to his brother, which makes him concerned about his confidentiality obligation to ABC Company.

We as business owners, management and or in a role of authority must set, address and comply with a solid foundation of ethics. “A code of conduct is the single most important element of your ethics and compliance program. It sets the tone and direction for the entire function. Often, the code is a standalone document, ideally only a few pages in length. It introduces the concept of ethics and compliance and provides an overview of what you mean when you talk about ethical business conduct.”

Code of conduct: Code of conduct is a set of rules and guidelines for pupils so they understand how they should behave in school and what is expected of them. It is important that the children are reminded of the code of conduct so that it becomes their routine and they fully understand it.

Code Of Conduct – A staff code of conduct contains how the staff should behave in order to influence children and young people.

Code of Ethics is a written set of rules issued by an organization to its employees and administration to aid them provide treatment in accordance with its prime values and ethical standards.

Code of conduct is a rule set by an organisational body for specific issues that become a standard practice for all who works in the organisation or represent themselves outside of the organisation, (Marinda, 2011). Code of conducts is devised by a legal framework that prevents contradictions and builds trust between workers, patients and visitors in all. However all the codes are very important and must be followed e.g., ethical principles, and legislations.

A code of conduct is a tool used by management to implement an organization’s values, duties, and ethical standards. According to the Ethics Resource Center, a code of conduct is a written set of guidelines and a point of reference used to support day-to-day decision making. It clarifies the mission, values and principles of an organization to ensure professional and ethical standards are withheld (Why Have a Code of Conduct, 2009). A code of conduct offers guidance on how to deal with circumstances associated to the business in an ethical manner.

A code of conduct is a set of rules placed to maintain order and enforced by consequences or simply just discipline. In the medieval times, knights and kings followed the code because that’s what they are raised to do. In modern times, our leaders have a code of conduct too, but it is very different from back then.

Ethics are values and principles that individuals use to govern his decisions and activities. Ethics are about moral judgment of an individual about right and wrong. In an organization, code of ethics refers to set of guiding principles and organizations use these principles in their policies, programs, and decisions for business. Within organizations, decisions are taken by groups or individuals and these decisions are influenced by the culture of the company. Decision making and relevance of ethics may also differ for nonprofit and for profit organizations. In contemporary business environment, organizations must have a clear ethical policy and implement it in proper manner. There are many social, legal and economic outcomes that company has to face in case of any ethical dilemma, so there must be a smart strategy to deal with ethical dilemmas. In this paper, we will address the ethics for nonprofit and profits organizations, ethical dilemmas being faced or faced by each of these companies and the outcomes of these ethical dilemmas. Critique of actions of each of these companies will be provided from the point of view of applicable philosophical theories of organizational ethics.

In conclusion, the Code of Conduct is defiantly an enforceable set of rules with a linking to the Ignatian value of self-awareness, can be applied to an individual, public, and non-public businesses. Furthermore, the Code of Conduct also sets the stage for any CPAs accounting engagement and emphasizes what I consider to be the three most important rules that all CPAs, and their subordinates, should abide by: Integrity and Objectivity, General Standards, and Acts Discreditable Rule. Without this Code of Conduct, CPAs will be honorless, subject to public demonization, and will be definitely defendants in any litigation, civilly and\or criminally.

The code of ethics and conduct is a written set of rules and regulations that provides guidance to employees of an organization on how to conduct themselves and carry out their duties in line with the organization’s principles. The code of ethics and conduct is also be backed up by suitable disciplinary actions. A code of ethics and conducts helps employees deal with ethical issues and other gray areas that they face as they execute their daily activities. An effective code of ethics and conduct is required for an organization to run smoothly and maintain a positive image. Having an ineffective code of ethics and conduct is almost like having none.

Traits associated to a psychopath include irresponsibility, manipulation, grandioseness, lack of empathy, asocial tendencies, inability to feel remorse, refusal to take responsibility for one's actions and superficial relations with others. Modern day corporations display every one of the previously listed characteristics. Is it right that an institution, whose power now rivals that of the State that once created it to seek the better welfare of its citizens, display the psychological traits of a dangerous personality disorder? Many say no: there is a rising discomfort with the corporation and its pervasion into every sphere of human life and it is this uneasiness that has prompted many academics to further study the corporation and its

Codes of conduct are policies including rules such as maintaining honesty, attitude, and respect (Traveler, 2009) for co-workers, the organization and customers. Only by separation of personal ethical choices in the work place, will an organization succeed and flourish. It is never appropriate for any employee, management or otherwise, to conduct business for personal gain. The people who become harmed lose trust, confidence, and the expectation of themselves and of the people who chose to put their personal ethical choice before the needs of the customer and business.