Question
I am unsure how to answer the below question. Ethically, the only thing that I can envision being an option would be informing the shareholders
I am unsure how to answer the below question. Ethically, the only thing that I can envision being an option would be informing the shareholders and watching the financial investments better in the future. However, I am not sure that is an appropriate answer?
Question:
You are CEO of SunsUp Corporation, a major innovator and manufacturer of solar panels. There are just over 10,000 shareholders in your corporation. As part of SunsUp's social responsibility outreach, you initiated and led, between 2013 and 2018, the financing of startup solar panel companies in 3rdworld countries (with loans forgiven if the company did not survive). By the end of 2018, about 2/3s of the start ups had failed and, of the others, only half were profitable. Your Chief Financial Officer has just advised you that, over the five-year period, whatever the good will earned, this outreach program had cut your company's profit margin by 40%. What are your ethical responsibilities going forward in these circumstances?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started