In your role as an Ethics & Compliance Specialist, you have completed assigned tasks related to ethical issues and dilemmas faced by individuals and other
In your role as an Ethics & Compliance Specialist, you have completed assigned tasks related to ethical issues and dilemmas faced by individuals and other companies, and the related outcomes. The focus areas have included individual ethical standards & behavior, financial disclosure & transparency, stakeholder commitment & relationships, global & legal ethical influences, employer & employee obligations, and issues related to respect & welfare.
Your boss has asked you to provide her with an executive summary containing key facts from your work. You will also utilize this knowledge to take a position (in Section 3) on an ethical situation.
Your work should include a minimum of three paragraphs per section for sections 1 and 2, and a minimum of one paragraph for section 3. Make sure that your paragraphs are written in a professional manner and that the topics \"flow\" together rather than only addressing the writing prompts based on portions of your prior installments.
Section 1: The Role of Business Ethics
Discuss the role of business ethics in an evolving environment by reviewing your prior installments indicated below and formulating your content based on each writing prompt.
- M1 Assignment: Individual Ethical Standards - review your installment related to Kweku Adoboli, the rogue trader. Discuss which of the three normative ethical theories in the fourth requirement would most influence your own role in exercising ethical behavior.
- M2 Discussion: Ethical Behavior review your installment related to Paul Bishop at World Savings Bank. Discuss how the fulfillment of the social contract in the fourth requirement would influence your own role in exercising ethical behavior.
- M3 Assignment: Financial Disclosure & Transparency review your installment related to Ford Motor Company, SOX, and the SEC. Discuss how the Certifications of CEO and CFO and your conclusion regarding their impact on financial transparency in requirement 4(b) would influence your own role in exercising ethical behavior.
- M6 (#1) Discussion Global Influences on Business Ethics review your installment related to ASOS and the U.N. Global Compact. Discuss how your conclusion about ASOSs ability to demonstrate (or to not demonstrate) the concept of acculturation through its ethical focus in the first requirement would influence your own role in exercising ethical behavior.
- M8 (#1) Discussion: Employee Ethical Standards review your installment related to Greg Smith, VP at Goldman Sachs. Discuss how your conclusion about Gregs duty of loyalty\" and the option that you would take if faced with the same situation in the first and fourth requirements would influence your own role in exercising ethical behavior.
- M10 Discussion: The Safety & Security of Others review your installment related to Cheryl Eckard, whistleblower at Glaxo. Discuss how your conclusion about the impact on Glaxos stakeholders and the factors which contributed to Glaxos ethical failure in the second and fourth requirements would influence your own role in exercising ethical behavior.
Section 2: Ethical Professionalism
Describe the attributes that could contribute towards a person becoming an ethical professional by reviewing your prior installments indicated below and formulating your content based on each writing prompt.
- M4 Discussion: Stakeholder Commitment - review your installment related to Tony Hayward and BP. Describe how the two areas where Tony failed that you identified in the third requirement are important attributes which could contribute towards your becoming an ethical professional.
- M5 Discussion: Stakeholder Relationships review your installment related to Coca-Cola. Describe how being able to address the stakeholder concern that you identified in People Values section in the third requirement is an important attribute which could contribute towards your becoming an ethical professional.
- M6 (#2) Assignment: Legal Influences on Business Ethics review your installment related to Walter Pavlo at MCI Worldcom. Describe how adhering to the seven key criteria of the Organizational Guidelines that you reviewed in the second requirement is an important attribute which could contribute towards your becoming an ethical professional.
- M7 Assignment: Employer Duties & Responsibilities - review your installment related to Bechtel. Describe how following Bechtel\'s approach to diversity and inclusion for their Business Resource Groups in the third requirement is an important attribute which could contribute towards your becoming an ethical professional.
- M8 (#2) Assignment: Employee Obligation Failure review your installment related to the scandal at Wells Fargo bank. Describe how whistleblower Khalid Tahas role in bringing awareness to management, and ultimately, to go public in the third requirement is an important attribute which could contribute towards your becoming an ethical professional.
- M9 Discussion: Dimensions of Respect review your installment related to the U.S. Department of Commerce (DOC) Civil Rights Division. Describe how the DOCs approach to the diversity dividend concept that you identified in the third requirement is an important attribute which could contribute towards your becoming an ethical professional.
Section 3: Making A Difference
For this section, view the segments below from CNN Business and CBS This Morning.
Why Ford Hired An Ethicist To Deal With Driverless Cars (Time: 3:02,closed captions available from Amara)
Should driverless cars make ethical decisions? (Time: 4:08,closed captions available from Amara)
Demonstrate how a person can make a difference in the business world from an ethical perspective by answering the following question:
- Assume that you are employed with an auto manufacturer in the area of autonomous vehicle development. You are assigned to supply the software engineers with the instructions for the vehicle to address the same scenario proposed by the former Ford CEO in the CNN video segment. The car is driving and sees a mother in the crosswalk with a baby carriage and it is unable to stop. The car views children playing on the sidewalk on the left side and an elderly couple walking on the sidewalk on the right side. What should the car do? Support your rationale. Also indicate why your decision follows (or does not follow) the utilitarian approach discussed in Modules 1 and 2, and in the CBS video segment.
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Section 1 The Role of Business Ethics Influence of Normative Ethical Theories Business ethics plays a crucial role in guiding decisionmaking and behavior within organizations In the case of Kweku Adob...See step-by-step solutions with expert insights and AI powered tools for academic success
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