Eco 372 Week 3 Assignment 1
Whistleblowing and Sarbanes-Oxley
Assignment 1
Introduction
Ethics is an extremely important aspect of the culture of a company. Ethics is a set of moral principles: a theory or system of moral values. It is vital that each company adhere to an ethical code. Often times the morale of employees decrease for a variety of reasons. This decrease or lack of morale causes employees to begin to act in an unethical manner. Unethical behavior tends to be a common practice within some companies. “Larger companies sometimes decide that breaking laws and paying the fines involves lower costs than the financial gain made from breaking those laws” (Zeiger, n.d.) Despite the fact the unethical behavior occurs with the workplace, there are still several employees that are loyal to the law, the community and society as a whole. They report knowledge of illegal acts within the workplace. This group of people is known as whistleblowers. This document will describe the key characteristics of a whistleblower and briefly summarize one researched instance of whistleblowing in one publicly traded company within the last 12 months. It will …show more content…
(Raybeck, 2010) This misconduct can be in the form of: a violation of any law, rule, or regulation; gross mismanagement or waste of funds; abuse of authority within the workplace; as well as specific danger to public health and safety. Whistleblowers can be employees, suppliers, contractors, clients or any individual who somehow becomes aware of illegal activities taking place in a business either through witnessing the behavior or being told about it. They may hold a position that will enable them to know exact what type of wrongdoing has occurred within an organization. They can remain report wrong doing confidentially; however, they are able to attend any proceedings related to the
Assignment 1
Introduction
Ethics is an extremely important aspect of the culture of a company. Ethics is a set of moral principles: a theory or system of moral values. It is vital that each company adhere to an ethical code. Often times the morale of employees decrease for a variety of reasons. This decrease or lack of morale causes employees to begin to act in an unethical manner. Unethical behavior tends to be a common practice within some companies. “Larger companies sometimes decide that breaking laws and paying the fines involves lower costs than the financial gain made from breaking those laws” (Zeiger, n.d.) Despite the fact the unethical behavior occurs with the workplace, there are still several employees that are loyal to the law, the community and society as a whole. They report knowledge of illegal acts within the workplace. This group of people is known as whistleblowers. This document will describe the key characteristics of a whistleblower and briefly summarize one researched instance of whistleblowing in one publicly traded company within the last 12 months. It will …show more content…
(Raybeck, 2010) This misconduct can be in the form of: a violation of any law, rule, or regulation; gross mismanagement or waste of funds; abuse of authority within the workplace; as well as specific danger to public health and safety. Whistleblowers can be employees, suppliers, contractors, clients or any individual who somehow becomes aware of illegal activities taking place in a business either through witnessing the behavior or being told about it. They may hold a position that will enable them to know exact what type of wrongdoing has occurred within an organization. They can remain report wrong doing confidentially; however, they are able to attend any proceedings related to the