The Informant will be analyzed using business knowledge regarding corporate social responsibility, professionalism and ethics as well as good corporate governance. The use of the theory under these topics in accordance to the operations of ADM will enable the determination of whether ADM is operating effectively or not and whether this company’s business processes are legal and ethical or not. A few strategies will then be suggested to ADM where possible.
STORYLINE OF THE INFORMANT:
The Informant is a biographical-comedy-crime film which was directed by Steven Soderbergh and released on the 18th of September 2009. Matt Damon stars as the informant as given by the title of the movie joined by other stars including Joel McHale, Scott Bakula and Melanie Lynskey.
This film represents Mark Whitacre (Matt Damon) as an employee who is a whistle blower regarding the lysine price-fixing scheme. Mark worked for a company called Archer Daniels Midland (ADM). In
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The aim is to make a profit while considering the interests and wellbeing of all stakeholders in the business. A business that is effective and maintains ethical leadership is considered to have superb corporate governance. Management should lead the business to achieving sustainable economic, social and environmental performances known as the triple bottom line principle.
Primary characteristics of good corporate governance includes transparency, accountability and integrity. Individuals in ADM do display these qualities however, these qualities are displayed to a certain extent which then results in these qualities being used for self-gain. ADM executives like Mark Whitacre are transparent regarding the decisions made in ADM but he eventually gives up this quality once he has gained the support of the FBI agent which would decrease the risk of him being found guilty of these
Leadership and business ethics are a powerful component of an organization’s success or failure. Before the corporate scandals such as Enron and WorldCom, success for organizations could be measured by profit and growth margins. There is a strong link between ethics and leadership because like ethics, it (what?) has been increasingly a topic of concern due to the risk in corporate downfalls and destruction based these two areas (Knights, p. 125 you might have mis-read this quote, since there’s a grammatical erroe in it. Check it again. ). Effective leadership is important in shaping the
What is ethically responsible management? How can a corporation, given its economic mission, be managed with appropriate attention to ethical concerns? These are central questions in the field of business ethics. There are two approaches to answering such questions. The first one is Milton Friedman’s shareholder theory of management and the second one is Edwards Freeman’s “Stakeholder” theory of management, two different views about the purpose and aims of a business.
Business Ethics are defined as “moral principles that guide the way a business behaves” (Businesscasestudies, 2017). In order for any business or individual to act in an ethical
Ethics, ethical values, and social responsibility should all work in unison in a corporate business structure. These key traits are better defined as maintaining overall good business morals, obtaining employees who possess personal ethical values, and finally to behave ethically and with sensitivity toward social, cultural, economic and environmental issues. For a business to better ensure these quality business traits a code of ethics should be adopted by the business. In the cases of Bernie Madoff and Enron, the most well-known financial scandals in history, I feel, gave a major hand in pushing business all across America to have and enforce the code of ethics.
Many believe that business entities should have an ethical duty to be socially responsible, to work towards increasing its positive effects on society while decreasing its negative effects. Many organizations look for opportunities to be socially responsible while also creating shareholder wealth.
Every business develops a set of ethical principles that they abide by. The business ethical principles intentions: it construct the business certainty in the community , maintain the employees liveried in what the business attempt to have as structural conducts and aid the employees consume principles to make ethical choices that guards the business. In a culture with a diverse assessment structure and augmented judgment visibly by companies with changeable ethics and interests, there appears to be further difficulties on business individuals to make tougher ethical assessments. In our day-to-day performances, we depend on on our ethical principles to monitor us in the correct path and do the correct things. The substance of any efficacious and perpetual business is they segment a mutual ethical matter concentrating on presenting and generating value along with allocating their business values with the citizens they network with on a day-to-day basis.
You have been retained by the Board of TideeKleen as a business ethics and CSR consultant. You have been hired to advise the firm, from an impartial ethical perspective, on how it should respond to the situation set out above. You are to prepare a report to the Board, which will also be circulated to the shareholders in advance of the AGM.
The Insider is a 1999 movie based on real-life events that happened within an unaired 1994 episode of 60 minutes on CBS. Dr. Jeffrey Wigand, played by Russell Crowe, was the Vice President of Research and Development for the Brown and Williamson Tobacco Corporation and was not satisfied with the way that the third largest tobacco company was going. Wigand was then fired when he began to voice his personal opinion about how he did not agree with how the company was adding various chemicals to make cigarettes even more addictive then they already are. Lowell Bergman, played by Al Pacino, was the producer for 60 Minutes and comes into play when he sees how Wigand has a story to share with the world. Wigand
The movie is focused around the life of a man by the name of Tony Montana and depicts his rise to power from a political refugee from Cuba to a drug warlord. In the course of the movie, Tony Montana also
Keaton has attempted to set himself up as a respectable businessman, yet his past continues to haunt him, to the point where the authorities will not allow him to lead a normal life. Convinced of this, Keaton reluctantly climbs aboard, and the chase is on.
Today’s business world presents numerous ethical issues. In today’s world above board/moral ethics in organizations do not often materialize intuitively. Organization must strive to provide employees with a clear understanding of the overall company vision. This will aid employees in practicing the code of ethics, policies and procedures in the workplace. Companies must be unwavering in continuously delivering the uppermost ethics of provision in which customers, applicants and employees are entitled to under fair business practices. One major core value is to uphold responsible and fair business practices.
ethical approach can be taken in the best interests of the company. Again, to maintain a strong
It is essential to know that every single event that occurs within a business has an external impact that can be social, economical, physically, etc. Good governance prevents businesses from performing illegal operations that benefit them but have a negative impact in other aspects. Good corporate governance also includes obeying the law, the two are not separated. In order for a company to be fully governed in an appropriate manner, it needs to follow the law and make it a norm to perform every action legally. Below are characteristics that best describe a business with good
Even though, a new working procedure (No. 029/PTK/VII/2009) has been made by BPMIGAS, the conduct of unethical business still exists, because the shareholders and stakeholders do not implement a good of governance in their business. There are two approaches in driving the implementation of good corporate governance (GCG), ethics-based approach and regulatory-based approach. Ethics-based approach is predominantly driven by
“As a branch of ethics the field of business ethics is interested in how judgments of right and wrong, good and bad, moral obligation and responsibility, rights and duties, and the like, are made and justified” (Gill, David). As a descriptive enterprise, business ethics is an analytical exercise in understanding and explaining how people and businesses make their ethical judgments and decisions. If your business does not carry the proper ethics it cannot thrive. It takes the necessary steps within the business management to enforce these ethics upon their business. The field of business ethics is interested in more than just social and environmental responsibilities but those are certainly critical component areas.