Chapter 1.1, Problem I.22E

The oil and gas company you work for wants to invest in fracking. They also want to maintain their reputation for ethical conduct. After investigating fracking, what recommendations would you submit to the CEO about how to make this process safer? Be sure to address: Ethical responsibility Safety risks in the oil and gas industry Ethical leadership’s rile in managing risK

You are the medical director of a large long-term care facility with a primarily elderly resident population. The frail elderly are particularly vulnerable to influenza. In addition to providing the flu vaccine to residents, you would like to require that all health care workers in the facility receive the flu vaccine as well, to provide indirect protection to the residents who are at high risk for influenza. You have heard that some of the employees are unhappy with this plan. What should you do?

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?

How would the principle that directors’ pay should be linked to performance actually affect the performance of the company in the short term and over the longer term? Explain the principles of agency theory and discuss the ethics of directors being able to decide their own remuneration, albeit through a remuneration committee. What mechanisms exist for dissatisfied shareholders to prevent what they see as excessive rewards to directors?

James Stilton is the chief executive officer (CEO) of RightLiving, Inc., a company that buys life insurance policies at a discount from terminally ill persons and sells the policies to investors. To RightLiving pays the terminally ill patients a percentage of the future death benefit (usually 65 percent) and then sells the policies to investors for 85 percent of the value of the future benefit. The patients receive the cash to use for medical and other expenses. The investors are “guaranteed” a positive return on their investment, and RightLiving profits on the difference between the purchase and sale prices. Stilton is aware that some sick patients might obtain insurance policies through fraud (by not revealing the illness on the insurance application). Insurance companies that discover this will cancel the policy and refuse to pay.Stilton believes that most of the policies he has purchased are legitimate, but he knows that some probably are not. Using the information presented in…

How is the Fraud Triangle similar to sin?  How can you use the Fraud Triangle concepts to help identify and  avoid possible bad situations?

How would the principle that directors may be linked to the performance affect the company's performance in the short term and over the longer term? Explain the principles of agency theory and discuss the ethics of directors being able to decide their remuneration, albeit through a remuneration committee. What mechanisms exist for dissatisfied shareholders to prevent what they see as excessive rewards to directors?

After checking the receipt after leaving the restaurant, you notice the server failed to charge your group for several drinks. Everyone else says it is not a big deal, but you worry that the server may have to reimburse the charges out of her own paycheck. Which ethics-based question would be most helpful in evaluating this situation? Multiple Choice   a)Will I get caught? b)Who agrees with me? c)Is it legal? d)Is it balanced?

Please read the case and answer the questions at the end. Please respond to two of your peers. Do you agree or disagree? Collegiate Promotions distributes products that are marketed to students and alumni of major universities. High-selling products include coffee mugs and T-shirts that bear collegiate logos. In order to distribute its products, Collegiate Promotions has adopted an independent sales representative model. The sales representatives work for themselves and are not actual employees of Collegiate. They have independent contractor status. Becoming an independent sales representative is easy. An interested person pays a $300 fee to obtain catalogs and other literature needed to advertise and sell the line of products. The sales representative then begins to write orders for products. A sales representative can sell to anyone through any channel. This means that there are no protected territories, so several sales representatives are often working in the same geographic…