A bookkeeper tried for several years to expose fraud in the organization’s accounting department, but he couldn’t get anyone to pay attention to his claims. How would you evaluate this employee’s power? What might he have done to increase his power and call notice to the ethical and legal problems at the firm
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- What lessons can members of a board of directors take away from the Carlos Ghosn saga? What actions can boards take to limit the chance they will face a similar scandal? discuss where Nissan missed the mark and how the board can act to ensure that the firm moves appropriately in this direction. Look to the discussion of integrity-based and compliance-based approaches to ethics, and discuss how the board should use each of these approaches. Ethics can be defined as a system of right and wrong. Ethics assist individuals in deciding when an act is moral or immoral, socially desirable or not. There are many sources of ethics: religious beliefs, national and ethnic beliefs, community standards, family practices, educational experiences, and friends. Business ethics is the application of ethical standards to commercial enterprise. How would you apply any of the concepts on ethical leadership to this situation? What sort of punishment does Carlos Ghosn deserve for his actions?according to an ethics expert ,''we judge ourselves by our best intentionsand most noble acts,but we're judged by others by our last worst act.''Does it mean that in ethics there is an inherent double standard? can you think of two situations wherea person responding to an ethical dilema and interested observers had different evaluations of these persons actions?According to The Importance of Developing an Effective Ethics ProgramWhat is the most important part of maintaining an employee reporting mechanism to uncover misconduct, such as a hot line?
- Although Z corporation has a comprehensive ethics program, numerous employees were charged with financial fraud. If Z corporation is convicted of the crime and sentenced under the Federal Sentencing Guidelines, it can expect--Mr Abuhas set up a Limited Liability company as a retail business. He employed a Managing Director to manage the affairs of the business. The managing Director openvacancies and employed several subordinates into the company to work under him. Two years down the line,The MD resigned from the company and one of the employees was promoted as the New MD. During the First MD regime, Sales staffs were meeting their targets over and above expectations but as soon as the New MD assumed his position two Sales staffs resigned and hence sales within the first term ofh is office fell 15%. a.What type of people do you think he employed? b.What challenges do you think the new MD will face? c.What should the new MD do? d.As as staff of the company, what will you feel or think? e.What type of leader is the new MD?Mr Abuhas set up a Limited Liability company as a retail business. He employed a Managing Director to manage the affairs of the business. The managing Director openvacancies and employed several subordinates into the company to work under him. Two years down the line,The MD resigned from the company and one of the employees was promoted as the New MD. During the First MD regime, Sales staffs were meeting their targets over and above expectations but as soon as the New MD assumed his position two Sales staffs resigned and hence sales within the first term ofh is office fell 15%. 1.What should the new MD do? 2.As as staff of the company, what will you feel or think? 3.What type of leader is the new MD?
- Fred is a friend of yours and works with you at the same company. He is a well-respected and trusted employee. He has two young children and is a leader in his community. You have discovered that Fred has embezzled $3,000 over a period of several years. Although this is not much money for such a large company, you suspect that if you do not report him, the problem may get worse. On the other hand, he has young children, and he has done so much good in the community. If you report him, he may be fired and go to prison because your company has an aggressive anti-fraud program and fraud prosecution policy. Should you report him or are there any other alternatives to deal with this problem available to you?Read the article below and make a reaction based on the lessons learned. Recent corporate scandals have heightened firm sensitivity to potentialethical breaches among senior executives. Through developing and communicatingwhistleblower policies, firms often hope to surface potential ethical lapses toquickly exhibit those involved. However, Renault recently learned that notevery allegation is true, and that often it is better to presume innocenceuntil guilt has been proven. In August of 2010 anonymous letter was sent to anumber of senior managers alleging that three leaders of Renaults Electric VehicleProgram had negotiated a bribe. An internal investigation revealed that thethree men held accounts in Switzerland and Liechtenstein, and it was believedthat these accounts were used to funnel bribes to them. Thus, the executiveswere fired in January 2011 with CEO Carlos Ghosn suggesting that the companyhad evidence that these individuals were passing along the…If Olympus is found guilty, will the fine of $17.3 million be enough? Why or why not? Ethics hotlines can be an effective resource for identifying unethical actions in a company. Why, in your opinion, did Olympus allow the hotline to be run internally? Japanese culture seems to play a large role in this case. Explain the concept of due diligence and how it differs in American culture. What stakeholders are affected in this case, other than the shareholders?
- In Ghana today, by a mere association with a person who has engaged in some wrong doings or may be not all, you can easily be accused of being part. As an engineer you have been taught not be judgmental on issues until you have all the facts. With this background knowledge, explain conflict of interest and apparent conflict of interest as related to a specific named issue.If Feuerstein had decided to use the insurance money for other purposes, would he have not been acting ethically?what is the indoor management rule? in what ways the indoor management rule has been modified by corporations act?