Essays on Malfeasance

The President,

United States of America. Introduction The concept of corporate ethics is widely accepted today. In order to stabilize the growth and development of the overall U.S economy, industries regardless of their nature or size must be instructed to follow certain ethical guidelines. In the current corporate environment, it is advisable for the U.S government to introduce three key changes to its corporate governance framework. First, there should be a single body or statutory regime to deal with corporate governance affairs in the country. Second, corporate ethics is essential to distinguish the roles of chairman and chief executive officer in ...

Stakeholders are the one that are affected by the business and financial decisions of the firm. Here, both the internal management and the external shareholders of the company, will be the stakeholders, as the malfeasance activity planned by Jerry Prior will negatively affect them. As for the external stakeholders, the shareholders of the company, taxing authorities and the local community, will be affected as Jerry’s action is an act of duping them by fabricating accounting figures. Similarly, the internal management and the other employees will also be affected as once this malfeasance act is revealed, they might witness ...

Abstract

The current discussion is aimed at the dissection of ethics, corporate social responsibility and sustainability of British Petroleum (BP) by taking the case of Gulf of Mexico Oil Spill in to consideration. By commencing the discussion with an overview of the externalities present in the oil industry, the pressures on oil companies are examined which is further evaluated through the application of stakeholder theory and the theory of utilitarianism. In the case of BP, it is revealed that the resort to CSR was primarily a reactive measure to correct its tainted brand image and save it from reputational risks. ...

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Analyze the bioethical issues found within the scenario It has to be noted that Matt’s case presents a controversial ethical and legal situation that has a potential to affect the medical facility, its workers, as well as the family members. There are several bioethical issues involved in the case. First of all, there is a disagreement between the desire of a family to resuscitate their son and the judgment of the physician not to proceed with this procedure due to the low chances that the patient will eventually wake up. Secondly, the nurse finds it morally difficult to ...

Abstract

The paper details the implication of violation of ethical decision making and professionalism citing the example of Enron Scandal. Enron, which was once rated as one of the most innovative companies by Fortune Magainze, is now largely known for the accounting scandal that eroded $78 billion from the stock market and affected thousands of company’s employees, just because of malfeasance activities by the company’s executives, who hide billion dollar losses and debt owned by the company to inflate the stock price and meet Wall Street’s expectations while in reality it was in massive losses.

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Abstract

The goal of the justice system, whether the military establishment or in civilian society, is that the appropriate penalty is levied against the offending party. In the context of the military organization, the punitive sanctions against erring personnel as well as a number of individuals connected with the military is the Uniform Code of Military Justice (UCMJ) wherein the concept of “non-judicial punishment” is contained. The UCMJ regulates and oversees the conduct of all trial procedures as well as the determination of the proper forum for the litigation and resolution of the charges arrayed against service members. In ...

Virtue describes morally “right” behavior, as defined by a given society. In our case, the most virtuous action would be for the boyfriend to tell his girlfriend that he has genital herpes, the primary goal of this action to prevent the girlfriend from experiencing unwanted physical harm (i.e. to allow the girlfriend to choose whether or not she wants to expose herself to genital herpes. Given this main goal, the next most virtuous action would be for the sister to warn the girlfriend of this herpes risk. This means that the most virtuous action changes depending on the context ...

A prevalent portion of corporate abusive behavior may be performed by persons who hold the capacity to have certain effect within an organization, and are responsible for its operation. Top-ranked employees establish certain pattern how a particular company and its workers operate. However, in cases where possible misconduct is tolerated, for different reasons including due to the position occupied by an offender, such malpractice may severely damage the corporate spirit. Another drawback trending in the area of corporate ethics is the stagnated reluctance to act on equal basis with all concerned, and invoke necessary measures in the event of ...

An ethical dilemma is any circumstance in which direct moral values are put in conflict in deciding which path of action is correct or incorrect (Pozgar, 2011). Ethical decision-making procedures, however, provide a useful framework in which to understand the conflicts, evaluate the alternatives and decide on the best course of action to take in the specific situation confronting the decision maker. Indeed, while employing a method of ethical decision-making to an ethical dilemma may not provide all the answers but it should help clarify the issues enough so that a means of resolution will be obvious or easier to see.

Gather the facts needed to identify the problem

The ...

Introduction

This argumentative essay will examine different thoughts regarding religion. This analysis has been carried out with the help of specific epistemology. Some of the most important discussions are carried out in order argue critically about the practices of religion, ethics and science. 1.Ethics A Ethical system based on humanity and equality is essential for making a balanced society. Any kind of ethical system, which is backed by the factors of humanity and equality, will surely give benefits to the people living in any part of the world. It is no denying the fact that every ethical system ...

Ethics

Lack of Equipment Failure and Potential Resolution A major problem within a clinical trial is an equipment failure. In a clinical trial related to cardiovascular diseases, Electrocardiogram (ECG) is a major equipment used to study particular heart defects. Failure or inaccuracy of the equipment may lead to improper treatment or even lead to fatal issue and death in rare cases. EKG readings form the basis for interpretation of a particular hear defect. ECG is required for detecting electrical activity in the heart, this in turn if not functioning properly may produce inaccurate results. ECG malfunctioning was reported due to battery failure as ...

Introduction

In order to set up a business, the business owner has to make the first decision that involves determining the structure of the business. All businesses must choose a structure that adopts a legal framework, a structure that defines the liabilities and the rights of business’s ownership participants, personal liability, control, life span of the business and finally the financial structure. The decision made will have a long-term impact on the business. It is recommended that one consult an accountant and an attorney to assist in selecting the form of business that is suitable.

Limited liability Company (LLC)

Limited Liability Company is a new business structure permissible in many ...