The Annual Report Of Michael Hill International Ltd Essay

In order for the directors and executives in any company to know that their employees are acting in an ethical manner, they need a defined

The author Robert Solomon argues that ethics has to an integral part with regard to business management. He does not believe that business management must include unethical or illegal methods to be able to succeed. Solomon preaches that business management is not as simple as obtaining revenue. “Businesses need to abide by fair policies and their owners have to be ethical in dealing with their customers” (Shaw p. 37). The author acknowledges that while illegal practices in business management could bring positive results at first, eventually the business is bound to fail. This is why Solomon recommended eight important policies that can help businesses in integrating ethics into their operations.

Another limit to ethical behaviour at McDonald’s might be training and discipline within the company. For example, if an experienced employee was selected for a course or was offered a promotion, another employee might find it unfair and discriminative. Similar situation could possibly happen when it comes to discipline, for example a manager would treat employees making the same mistake differently and favour one person more than another. If any of the employees made an official complaint about any of those, it could lead to publicity’s hesitation and bad relations between employees within the company and its suppliers.

A philosophy of an organization helps differentiate themselves from their competitors and set a foundation for future success. It also helps shape an organization by presenting the goals they want to accomplish with specific activities. To improve this, many organizations understand the important of sharing values and goals and realize employee recognition. This helps staff from moving forward toward success of the organizations. Chapter 4 introduces “Codes of Ethics in Health Services.” Code of ethics is a guideline for healthcare professionals to accomplish and serve as a member of a society. Similar to other professions, managers have their own code of ethics in maintaining their duties and responsibilities. They also use the codes for ethical decision-making in dealing with ethical issues. Chapter 5 deals with “Organizational Responses to Ethical Issues.” It provides assistance for managers and organizations in their decision making. It is manager’s duty to figure out the problem and resolve it (Darr, 2011,

The values of H&M, which guide the teamwork and lead to success, are strong and clear, involving an organization belief in people, and other values like

Built with the history of over 200 years, the company has been always there for its clients and communities, be it good or bad times. The company follows certain principles – and they are not necessarily in any order of importance. It believes that it will reach its goal of becoming the best financial services company in the world by adhering to the guiding principles. Below are certain principles that serve as a roadmap on how and why the company make its decisions.

The organisation is family owned, with three family members acting as a Management Board and responsible for approving all business decisions.

The first fundamental principles of ethics in MIA by- Law are Integrity. The company does not follow the integrity. Compliance with Legal and Ethical Requirements is under integrity. The company complies with all applicable laws and conducts its business with integrity and employees must do the same in carrying out their responsibilities as a Director. They should honest and sincere in the approach of their professional work. In the accounting scandal, the reason of understated the $5 billion of earning is because the management had ignored accounting rules to hide earnings and volatility. They did not be honest and sincere in the approach to their own professional work.

The need for clarification on the board requirements for a majority of independent directors as it relates to corporate governance is of great importance and would be discussed in this write up.

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.

This paper introduced Manuel G. Velasquez and his four ethical precepts in business. These four ethical standards are specifically discussed in Chapter 2 of his book, Business Ethics: Concepts and Cases. These four standards or principles are usually used as a guide for people to considerate in making business decisions, which are the utility, rights, the justice and the care. They are described and explained with examples respectively below to indicate basic principles that people should follow as a member of a group when working for a same goal.

ethical approach can be taken in the best interests of the company. Again, to maintain a strong

What are HF’s objectives as a foundation? How do they translate into a job description for its chief investment officer?

The Chairman and four other directors are independent non-executives, and the CEO and one director are non- executives.

Maury F. Dieterich was appointed the new managing director of GM (K). Mr. Dieterich had been the financial director for three years prior to this, and he was therefore already well known by the local staff. Mr. Dieterich, as managing director, is a member of the board of GM (K), which is presently chaired by Mr. Bernard Hinga. Mr. Hinga and most directors are Kenyans.