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What ethical principles do recognize

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Question - A member of Jefferson City Council offers to help the council earn extra cash for its project in Bond Issue for a Stadium for a High School. The Council is considering Issuing Revenue Bonds 0f $2,000,000 at 5% annual interest rate. The Council Member offers to get its Bank to lend the Council $2,000,000 at 3% annual rate. By so doing the Council will save 2% of which 1% will be put into use by General Fund and 1% if for bonus for council members.

Required -

a. What ethical principles do recognize in the Council member's proposal in this case? List but do not discuss.

b. Who are the principal stake holders in this case?

c. Who would be held responsible if the Council went along with the proposal and things went wrong?   List but do not discuss.

Reference no: EM133152093

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