What do you foresee will be the impact of your decision on the stakeholders involved?While there is
Question:
What do you foresee will be the impact of your decision on the stakeholders involved?While there is a cost associated with workplace health and safety violations, some argue that this cost is not sufficiently high to deter violations. In other words, they advocate higher fines in order to deter violations or to encourage employers to provide safer conditions. In one 2009 case, OSHA imposed a fine of $87.5 million on British Petroleum (BP), the largest fine in OSHA’s history. OSHA had found more than four hundred new safety violations at the company’s Texas City refinery. The violations were considered egregious because they were discovered in 2009, 4 years after a deadly explosion at the refinery (fifteen deaths, 170 injured) had led BP to sign an OSHA agreement promising to improve safety conditions. The top penalty is four times the amount of the total issued penalty that earned the second spot, which, unfortunately, also is held by BP from a few years earlier.
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Business Ethics Decision Making For Personal Integrity And Social Responsibility
ISBN: 9781260260496
5th Edition
Authors: Laura Hartman, Joseph DesJardins, Chris MacDonald