The Exon Valdez oil spill disaster occurred on March 24‚ 1989. This was the most devastating human-caused disaster in the United States history until twenty-one years later when The Deepwater Horizon occurred on April 20‚ 2010. Both disasters had a deadly effect on environmental life. These two incidents linked individuals taking shortcuts and being overconfident. Catastrophes do not happen by accident; something has to trigger them. Three main reasons why the disaster at Deepwater Horizon occurred:
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INTRODUCTION Due to the very nature of oil resources‚ the environment is invariably affected. The first way in which the environment is affected by the oil industry is through both the drilling and the transportation processes. The chemicals used in the drilling can be harmful to the environment‚ drilling itself poses a great danger‚ for instance in case of an oil spill (as the Deepwater Horizon oil spill showed)‚ and as the Exxon Valdez disaster so evidently portrayed‚ transportation can be equally
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Business Code of Ethics For Rezgo to succeed‚ we must earn the respect‚ confidence‚ and trust of those we aspire to serve. The most significant factor in earning your respect and confidence is to act and conduct business in an ethical manner. Unethical business practices foster ill-will between customer and community‚ not only toward a particular business firm‚ but toward business as a whole. Rezgo has made a commitment to display leadership in ethical decision making by following these fundamental
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A code of ethics is “the principles and values that guide the actions of an individual or population when faced with questions of right and wrong”. It is important for individuals to follow codes of ethics in order to be successful as an individual or be successful in a professional career. Following codes of ethics makes it easier for an individual to distinguish what is right from what is wrong. Following codes of ethics will help an individual become a better person or perform at a higher level
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Code Ethics Issues Ethical codes are adopted by organizations to assist members in understanding the difference between ’right’ and ’wrong’ and in applying that understanding to their decisions. An ethical code generally implies documents at three levels: codes of business ethics‚ codes of conduct for employees‚ and codes of professional practice. Code of ethics (corporate or business ethics) A code of business ethics often focuses on social issues. It may set out general principles about
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Mahalia Gauld January 18‚ 2011 MGMT 2850 Case Study #1- Exxon Valdez Situation in Brief: On March 24‚ 1989‚ an Exxon supertanker spilled 11 million gallons of oil while traveling through the pristine waters of Alaska’s Prince William Sound. The consequences of this spill were detrimental and continue to affect life today. The oil spill killed thousands of wildlife‚ extensively damaged a portion of the beautiful Alaskan environment‚ and eventually affected the economy to global proportions. Unfortunately
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Evaluation and Ethics Any organization can adopt a code of ethics that requires them to enhance their employees‚ leadership‚ and other stakeholders in order to survive based on fairness‚ justice‚ and under the rules and regulations equally and justifiably. It is essential to establish values and standards that apply to everyone in professional environments. Violation of these principles may contemplate as ethical violation leading to challenges and consequences. Velasquez‚ Andre‚ Shanks and Meyer
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ETHICS Introduction The behaviour of the practicing management accountant is prescribed and regulated by the management accountant ’s personal code of ethics‚ the code of ethics of the employer‚ societal norms‚ and the law. In addition members of the Society are regulated by the Society ’s code of ethics. As more organizations adopt codes of ethics‚ management accountants will increasingly be asked to design systems to control‚ evaluate‚ interpret or apply ethical judgement. The following develops
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Original Article Peter has been working with the Bigness Oil Company’s local affiliate for several years‚ and he has established a strong‚ trusting relationship with Jesse‚ manager of the local facility. The facility‚ on Peter’s recommendations‚ has followed all of the environmental regulations to the letter‚ and it has a solid reputation with the state regulatory agency. The local facility receives various petrochemical products via pipelines and tank trucks‚ and it blends them for resale to the
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Code of Ethics For Cylus Management Consulting This Code of Ethics will be valid to all employees and partners associated with Cylus Management Consulting. Cylus Management Consulting is devoted to uppermost principles of social and business practices. All employees and partners associated with Cylus Management Consulting are expected to observe the highest achievable standards of veracity as they carry out the day to day operations of Cylus Management Consulting and in working with the clients
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