Ethics And Social Responsibilty Assignment

The purpose of this paper is to recognize the definition and what a stakeholder is and what it does. I will also explain the two groups of the stakeholders and put the stakeholders in the group where they belong. I will explain what the stakeholders responsibilities are, what their ethical responsibilities to the company. Will explain what would be the appropriate response to the situation in the company. And finally explain what Joe should propose to the management team and how Joe should support his proposal.

Scenario number one: I believe that in this scenario there is a moral obligation to act. I believe that as a police officer, even off duty, you know the laws and shouldn’t allow this to happen if you know it is wrong. I think that taking action is something that all police officers should do, even off duty because they are knowledgeable and know it isn’t the right thing to just let it go. This situation would require that the clerk at the counter gets in trouble because he is not abiding by the law. Selling these magazines isn’t a big deal, but it could be possible that this clerk was selling alcohol or cigarettes to minors as well. Goodwill is shown because it would be wrong for a cop to witness something he sees illegal happen, whether he is off duty or not he still knows the laws and the right thing to do would be to stop the clerk from selling minors the magazines. A deontologist would agree with me, all police officers should say something because they all have a duty to make sure others abide by the law. There should never be a situation in

The University of Miami case was one of the biggest financial scandals in the past year. Former UM Football Booster, Nevin Shapiro, orchestrated a $930 million Ponzi scheme, with which numerous NCAA rules were violated. Shapiro allegedly provided cash, goods, prostitutes, assorted favors and on one occasion, an abortion to University of Miami football players. This paper will examine the various legal and ethical implications involved in this case, including an analysis of the university’s social responsibility, and an overview of the scandal in terms of three ethical theories: utilitarianism, Kant’s

In this case we are introduced to Ben Freeman, an employee at the Provincial Power Corporation (PPC) for the past three years. Ben has found himself in the ethical dilemma of whether or not to steal the five hundred dollar holiday bonus fund from his work. Ben desperately needs this money in order to pay off his gambling debt and protect his physical wellbeing from the gangsters he borrowed from. His plan is to steal the holiday bonus fund and frame one of his coworkers Sue Macdonald in order to divert suspicion away from him. Ben knows that if he is caught stealing the money, he will surely lose his job.

Everyday health care workers around the world are faced with tough decisions. The law guides many decisions but some decisions require ethical considerations. Making good ethical decisions is not always as easy as it seems. Making ethical decisions is even harder when the primary intention is to be helpful, but it is beyond an employee’s qualifications.

Secondly, the business failures combined with the stock market crash was harmful for the banking

1. Here, the ethical dilemma is if it is right choice to save the lives of others that stuck on the pediatric wing of the hospital, at the danger of losing those human life rescuers themselves.

As a Registered Cardiovascular Technologist, with nearly 25 years of performing cardiac ultrasounds in South Florida, my company provides a service to communities and local secondary schools by helping to identify a potentially fatal cardiac disease amongst young athletes who participate in competitive sports. Research studies prove that sudden deaths in young athletes have been linked to Hypertrophic Cardiomyopathy (HOCM), a congenital cardiac disease. My mission is to help prevent these needless deaths amongst this vulnerable population at the secondary level. As a parent, I feel a moral obligation to families and guardians to make them aware of this silent killer disease. By building trust, awareness, and making informed decisions, we can

Since the Bank was the dominant force, a change must happen. So yes, I think the negative impacts could have been avoided, especially in this case because recognizing the problems leads to their

The recent financial crisis has a huge impact on systemic Important Financial Institutions; it’s distressing effect can be felt in almost every business area and process of a bank. A fairly large literature investigates the impact of financial crisis on large, complex and interconnected banks. The great recession did affect banks in different ways, depending on the funding capability of each bank. Kapan and Minoiu (2013) find that banks that were ex ante more dependent on market funding and had lower structural liquidity reduced supply of credit more than other banks during crisis. The ability of banks to generate interest income during the financial crisis was hampered because there was a vast reduction in bank lending to individuals and

We all end up at a point where we have to respond to an issue positively. That is possible when a good amount of experience to certain situations is attained. “The creed which accepts as the foundation of morals 'utility' or the 'greatest happiness principle' holds that actions are right in proportion as they tend to promote happiness; wrong as they tend to produce the reverse of happiness” - John Stuart Mill. This particular quote refers to the utilitarian approach which states that in all our actions we must always strive to produce the greatest possible balance of good or evil. The utilitarian

The bankers’ remuneration problem becomes a ‘populist’ issues especially during the financial crisis in 2007. It is said that one of the factors that contribute to the financial crisis and this is not the first time this point has been raised. General concern about the relationship between certain low corporate performance and high remuneration to executives in banks means there exists an imbalance between them (Andrew Clark, Tim Edmonds, 2015). With the Government investing public money in certain famous Banking Group, this problem has upgraded from a private sector concern to a significant political one (BBC News, 2008). However, this cannot blame on single body or organization. A lot of researchers have explored the problem of remuneration systems and how to improve the remuneration structure in the banks. This essay mainly uses agency theory, stakeholder theory, institutional theory, Transaction cost theory and other related theories to explain how the remuneration packages influence the bankers in short-term and long-term. Meanwhile, it also shows some problems of remuneration system in corporates especially in banks by analysing the recent literature. Finally, the essay gives certain relating recommendations to solve these problems according to a few policies such as UK corporate combined governance codes in 2003 and 2014 etc.

The rise and fall of the Royal Bank of Scotland is characterized by poor corporate governance which allowed for the complete dominance of the executive management over the board of directors and a massive principal-agent problem. Positive social dynamics and the power of weak ties allowed for compliance while intimidation and bullying tactics silenced questions, concerns and opposition. The board’s utter compliancy and borderline negligence enabled rampant, unchecked empire-building at the cost of shareholder value and led to a spiral of unaccountability and gross incompetence. Stakeholders’ loss of confidence from misinformation and misdirection was an inevitability that sealed

Such a strong focus on ethics will ensure that each set of stakeholders will be happy and ensure that strategic plan that will their needs and wants, and the organization will act in the best interest of each stakeholder.

This issue creates a serious problem about align the interest of managers with those of the shareholders, and what emphasizes that, is what happened between 1980 and 1995. These years associated with an increase in the possibility of banking crises because of high state ownership of banks.