The file FINC350PromptFall2016 file has the scenario and topics I am supposed to answer. I have attached the Standards of Practice PDF although I'm sure you know them.

I would like some insight on sections 2 and 3. I have answered them and will put what I have so far, but any more depth or critique would be great.

Section II.Identify the other potential ?main actors? who may have to make ethical choices here, assuming Elisabeth shouldn?t or doesn?t keep this strictly to herself.

The representative who told Elisabeth the information must decide whether he believes she has acted unethically or not. If he does in fact think her action was unethical, he then will have to make a decision on whether to report the action or not.

Elisabeth?s superiors and co-workers could potentially face ethical dilemmas. Managers at USJet must not take the information Elisabeth has given them and use it unethically. Elisabeth?s co-workers may also possess USJet common shares, as she does. If they are told the information, they will also possess the ability to use that information unethically.

FBS Board members make decisions for the good of the charity, and given the information, they will face a complex ethical decision. The donor who donated a large amount of USJet common stock could also be forced to make an ethical choice told the information.

Section III.Identify the ?stakeholders? here, i.e., the main parties or groups who will be affected by the situation. Summarize their rights and responsibilities with respect to each other.

Although she is a ?main actor?, Elisabeth finds herself in the center of this situation. Her decision on how to handle the information ultimately determines how the situation will affect her, but she still does not have control over how others main actors handle it.

USJet shareholders will most likely be impacted the most by the situation. The more people the information passes through, the more the stock value has the potential to be affected, which directly affects the shareholders. An even further look, the entire market

With the donation of USJet common stock, a large amount of FBS?s endowment fund revenue stems from their dividends received from the common stock. The value of FBS is also at stake with USJets common stock being 10% of their endowment fund assets. This means the situation could potentially affect the nations FBS helps and the people living there. It also means that FBS as a whole will experience a significant effect from the situation as their financial position is going to shift.

FINC350 Writing Assignment and Instructions Fall 2016 SCENARIO. Elisabeth is an assistant chief financial officer at USJet, a major U.S.-based national and international airline. She is in charge of \"hedging\" USJet's fuel costs by negotiating \"forward\" contracts. This lets USJet budget its fuel costs months in advance. USJet's success in hedging its fuel costs has made it one of the world's most competitive and profitable airlines. Consequently, its common stock is one of the most widely held and traded stocks in the world. Its strong dividend and dividend growth history make it an especially popular holding among large pension funds and charitable endowments. As a senior corporate executive, Elisabeth has a fiduciary duty to USJet's shareholders. As a career USJet employee, she has also accumulated a large number of its common shares, amounting to about 20% of her personal net worth. Elisabeth is also a single mother who has adopted two small special needs children whose medical expenses are considerable. Elisabeth is also a member of the board of directors of the Foundation for Basic Survival, a highly regarded global charity. Enjoying United Nations accreditation as a non-governmental organization (\"NGO\"), FBS provides clean water, wholesome food, and basic medications to millions of people in impoverished nations. It also funds infrastructure to sustain these goods in those nations, and subsidizes \"microfinance\" activities to combat global poverty. Its operating costs are less than 5 percent of its total revenues. It derives about 50% of total revenues from direct contributions, and about 50% from income and capital gain on its endowment fund. Because of the recent generosity of a multibillionaire, this endowment's assets now include about 3 percent of the outstanding common stock of USJet, which amounts to about 10% of total endowment assets. As a director, Elisabeth has a fiduciary duty to FBS's donors. USJet's current fuel contracts will expire in about 3 months. Elisabeth lunches with a senior representative of USJet's largest fuel supplier to discuss renewal. He tells her: \"Look. I'm not supposed to tell you this yet, but you're kind of a friend and I think you ought to know. We're not renewing any forward contracts, and I'm pretty sure none of the other suppliers will either. I don't think you'll be able to buy fuel anywhere but the spot market for the next year or so. Word is, and I mean the true word, the spot price is going to spike\". Based on a long history with this individual, Elisabeth finds this information credible and reliable. Based on a long history in airline financial management, Elisabeth expects a major drop in USJet's stock price when this information becomes public. The stock will likely be downgraded by major investment houses, and dividends will likely be reduced. INSTRUCTIONS. Study standards I, II, & IV in the Standards of Practice Handbook. Write a paper in 6 separately headed sections: I. Summarize the 3 major types of ethical systems covered at the beginning of the semester. Do any of these systems potentially impose higher ethical requirements than the Handbook? Why or why not? II. Identify the other potential \"main actors\" who may have to make ethical choices here, assuming Elisabeth shouldn't or doesn't keep this strictly to herself. III. Identify the \"stakeholders\" here, i.e., the main parties or groups who will be affected by the situation. Summarize their rights and responsibilities with respect to each other. IV. Inventory Elisabeth's possible choices, without regard (yet) for \"right\" or \"wrong\". Predict the likely results of each choice, without assessing (yet) \"right\" or \"wrong\". V. Identify each \"wrong\" choice and explain, as thoroughly as you can in terms of the cited standards and ethical systems, why it is wrong. VI. Identify each \"right\" choice and explain, as thoroughly as you can in terms of the cited standards and ethical systems, why it is right. If they represent competing \"goods\