reporting and internal governance standard of public companies. Ethics Issues The first issue is the lack of independence of the board of directors and their breach of fiduciary duty. The Board of Directors has the legal and ethical duty of monitoring the company’s management on behalf of the shareholders. The members should remain independent and should always examine the company’s operations with great care. In Enron’s case‚ the Board of Directors was comprised of members who were too close
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the company. He found several sites‚ which could possibly question the ethics of the company‚ as well as the culture in which this company represented. In order for Benji to make a decision‚ he will need to base his decision on many critical factors. These factors may include: offers from other corporations‚ the ability to work within the business ethics of New Gen. and the culture of New Gen. Understanding business ethics will be useful
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Thomas Hobbes (English – Contractarian) 1. View of the State of Nature a. Human nature w/o government is : i. Egoistic ii. Everyone “equal” iii. Equal rights to everything iv. Warlike v. Psychological Egoism – People are motivated by the pursuit of pleasure and the avoidance of pain vi. Rational vii. Law of Self Preservation + reason contract 2. Psychological / Ethical Egoism a. Psych – descriptive – People are motivated by the pursuit of pleasure and avoidance of pain b. Ethical
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Case Summary: Between 1966 and 1975‚ Orkin Exterminating Company contracted with their customers a “lifetime” termite protection control if the contracted customers continue to pay the annual renewal fee. But‚ this contract became too expensive for Orkin when US suffered price inflation. It decided to increase annual renewal fee by 40 Percent. Few persistent customers were able to escape the rate increase through an accommodation plan‚ while most customers were not informed about this possibility
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Enron is a U.S. company that was formed in 1985 by Kenneth Lay‚ an economist. On the 2nd of December 2001 the company had been filed for bankruptcy as a result of a great accounting fraud. Enron had been expanded by borrowings of money to buy up other companies which lead them to a 75% debt capital. To help encounter this problem‚ Jeffrey Skilling was appointed as head of Enron’s finance department. As the U.S. government deregulated energy prices‚ the price of gas became very unstable. Skilling
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Trading in the company shares was suspended in early 2008‚ followed by the company going into receivership in November of 2008. Who are the main players in this business case? The primary player in the centre of the collapse of ABC Learning Ltd is the founder and CEO Mr Eddy Groves. Mr Groves is currently involved in a court case‚ in the Brisbane Magistrates Court‚ regarding claims of poor disclosure‚
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Little Enough or Too Much 1.) Describe the factual situation Bryan‚ a new employee of the X Chemical company has been placed in charge to oversee the production and construction of their newly released product‚ industrial lubricant. The X Chemical company was built nearby a river and asked permission from the government agencies to release their excess waste into the river. Other companies also reside along the river and are dumping their excess waste into it as well. This strikes as a concern
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The American Red Cross Case Study Introduction The American Red Cross (ARC)‚ founded in 1881‚ is an independent organization‚ supported by public financial donations and volunteerism. Its mission is to “provide relief to victims of disasters and help people prevent‚ prepare for and respond to emergencies.” Despite having a great visionary and doing great cause‚ ARC was‚ and still is‚ facing lot of unethical issues. High rate executive turnover‚ slow response to disasters‚ mismanagement of donations
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An interesting character in short story "Through the Tunnel" written by Doris Lessing is Jerry. Jerry is an interesting character because he is a determined‚ reckless‚ and maturing boy. The author portrays Jerry this way in "Through the Tunnel" to show a young English boy’s rite of passage from childhood to adolescence. Firstly‚ Jerry is an interesting character as he is a determined boy. Jerry finds the tunnel through the natives and resolves to "find his way through the cave‚ hole or tunnel‚ and
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Case Study Reflection Paper Jo Channing Case Study Reflection Paper The case study about John and Mary and their children illustrated cultural‚ legal‚ and ethical issues that can arise in the healthcare setting. Having worked in the Neonatal Intensive Care Unit for the last decade of my nursing career has exposed me to several situations that were also complicate by these same issues. As nurses‚ we often encounter patients and family members whose beliefs differ from our own. This case
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