At the Board of Magnetics Ltd, the directors are debating ethical issues. The Managing Director sees no conflict between pursuing profits and corporate social responsibility - because, even to survive, a business must satisfy all key stakeholders. The Finance Director suggests that the key thing is to follow professional ethical codes. The Marketing Director argues that companies can try to convince their stakeholders to support ethical strategies. The Operations Director sees a key ethical issue that needs to be addressed, budgetary slack in budgeting. The Managing Director adds another ethical issue in management control - not challenging flawed control indicators. Required: Discuss the ethical issues and how they might be resolved. Your answer should draw on relevant academic and practitioner literature. Total: 25 marks