Explain the role and importance of ethics

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Reference no: EM133008244

CASE STUDY 1 - A woman is sexually harassed by a senior executive in a large company. The woman sues the company, and during settlement discussions she is offered an extremely large monetary settlement. In the agreement, the woman is required to confirm that the senior executive did nothing wrong, and after the agreement is signed the woman is prohibited from discussing anything about the incident. Before the date scheduled to sign the settlement agreement, the woman's lawyer mentions that he had heard that the executive had done this before, and the settlement amount being given is very large because the company probably had a previous legal obligation to dismiss the senior executive. The company however wants to keep the senior executive because he is a big money maker for the company.

Required -

(a) Is the company building good ethos? Explain.

(b) What are the issues of integrity, ethics and law posed in the case study?

(c) What options does the woman have, and what should she do and why?

(d) Discuss the building enablers of good corporate governance the company can establish for the company's future operations.

CASE STUDY 2 - A manufacturing company provides jobs for many people in a small sugar town in Fiji, where employment is not easy to find. The company has stayed in the town even though it could find cheaper workers elsewhere, because workers are loyal to the company. Over the years, the company has developed a reputation in the town for taking care of its employees and being a responsible corporate citizen.

The manufacturing process used by the company produces a by-product that for years has dumped into the town river. The by-product has been considered harmless but some people who live near the river have reported skin rash and illnesses. The by-product does not currently violate any anti-pollution laws in Fiji.

Required -

(a) Explain the role and importance of ethics within the profession and in relation to the concept of Corporate Social Responsibility.

(b) What are the issues of integrity, ethics and law posed in the case study?

(c) What options does the company have, and what should it do and why?

(d) We live in a blame culture. Every time a corporate scandal erupts we look for someone or some people to blame. Why this has not happened in this case? Discuss.

Reference no: EM133008244

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