Wednesday, May 6, 2020
What Is Best Interest Of Our Shareholders Or A Sense Of...
In todayââ¬â¢s business world many people would suggest that we do what is in the best interest of our shareholders or for some companyââ¬â¢s their stakeholders. Or that we should look out for what is best interest of the company. In the former example the company would take a more utilitarian stance, and in the latter a stance of egoism. What about good will, a sense of duty or universal rules that guide business decisions? The 18th century philosopher Immanuel Kant would suggest that these be the only thing that should play a factor when making any decisions, including those made in business. Kantââ¬â¢s theory took a nonconsequentialist viewpoint, in that we should not make decisions based on the consequences of our actions. Our actions should be based the will of goodness, or what Kant would describe as goodwill. When we act with a sense of good will, we act with a sense of duty. Whether or not we act with a sense of duty dictates if we have moral worth (Shaw Barry, 2016). People often confuse altruism with having moral worth and autonomy, but people who act altruistically sometimes act out of their own self-interest (guilt, reputation) and therefore do not have moral worth. If I become an organ donor because I will receive Cavs Finals tickets, then this would resemble heteronomy, or performing an action for my own reward (Kondik). In Kantââ¬â¢s philosophy he discusses three imperatives which include: the categorical, hypothetical and practical imperatives. In Kantââ¬â¢s categoricalShow MoreRelatedRole Of The Irs Moving Forward1142 Words à |à 5 Pagesguilty. Assistant Attorney General Peter Kadzik noted, ââ¬Å"Our investigation uncovered substantial evidence of mismanagement, poor judgment and institutional inertia, leading to the belief by many tax-exempt applicants that the IRS targeted them based on their political viewpoints. But poor management is not a crime.â⬠From the results of this investigation it may seem like nothing was gained, but this has been going on for nearly a century. What we do have now is a conversation. Paul Caron of CapitalRead MoreDirectors Duties And Company Law2824 Words à |à 12 PagesDirectorsââ¬â¢ Duties and Company Law Introduction A managing/ executive director is the chief day-to-day manager of the companyââ¬â¢s affairs who is directly involved in the management of the company. A company on the other hand, is a voluntary association of person formed for doing some business and can be either public or private. Law according to (Gates 2002) is the set of rules that guides our conduct in society, is enforceable through public agencies, and obeyed because of the belief that they areRead MoreWage Variance Acceptable And Ethical Inequality2370 Words à |à 10 PagesINTRODUCTION In the wakes of corporate scandals such as Enron and Lehman Brothers, executivesââ¬â¢ compensations are being examined more than ever. Shareholders and general public want a guarantee that large executive pay packages are justified. Executive salaries have been a target for debates over the past several decades. At the heart of the discussions were the issues of fairness, equity, and market efficiency. There are some evident discrepancies between the executive compensations in the UnitedRead MoreThe Principle Of Act Utilitarianism3018 Words à |à 13 Pagescausesââ¬â¢ (Crane and Matten, 2010, p. 104). The Resolution/Argument Using the table above to analyse the consequences of Ben-Artziââ¬â¢s decision to blow the whistle under the principle of Act utilitarianism, we argue that his decision was morally wrong. Our rationale is that the decision Ben-Artzi took inflicted more pain than gain to a greater amount of people. From the table, we can see that only the SEC, Ben-Artzi and some investors benefited directly from his decision. Ben was relieved of his troubledRead MoreBusiness Ethics and the Merck Co., Inc. Case Study2745 Words à |à 11 Pagesethical theory of Utilitarianism, Immanuel Kants Supreme Principal of Morality theory, and The Voice of Care, which is a contemporary challenge to dominant ethical views such as Kants and Mills. I have chosen to use only the materials covered in our classroom text and information gained as a result of classroom lectures. I will not interject my opinions but analyze the case from the perspective of the authors of the theories. The Merck Case Merck Co. Inc. is one of the worlds largest pharmaceuticalRead MoreThe Six Stages Of Kohlberg s Moral Development2377 Words à |à 10 PagesPunishment and Obedience ââ¬â Right and wrong is determined by rewards and punishment. Our behavior is motivated by fear of being punished;; an example of this would be that most people will not steal for fear of being punished (i.e. going to jail). â⬠¢ STAGE 2: Instrumental Relativist Orientation - aka ââ¬â looking out for number one (oneself); an individual is likely to do what is necessary to satisfy oneââ¬â¢s self-interest; an example of this would be when a child completes a chore or exhibits a certainRead MoreCorporate Social Responsibility10163 Words à |à 41 Pagessociety is fundamentally based upon performance and profit, it is not unusual to find that it is necessary to impart a sense of corporate social responsibility with regard to contemporary commerce. The ethical approaches of purpose, principle and consequence are integral components of business social performance; itemizing these contributions finds one incorporating the interests of ethics and morality within the corporate structure, essential concepts that are often absent from a managerial standpointRead MoreComparative Annual Report7272 Words à |à 30 PagesMalaysia require business entities to submit annual report. Annual reports are intend ed to give shareholders and other interested people information about the companyââ¬â¢s activities and financial performance. It is general documents that give shareholders an idea of the condition of the company as a whole. The Securities Commission makes public companies disclose certain information to the shareholders of the company. It will create a standardized method that investors can use to evaluate the potentialRead MoreGucci Group Code of Business Practices6292 Words à |à 26 PagesGROUP CODE OF BUSINESS PRACTICES 1 Contents 1 Introduction from Robert B Polet, President and C.E.O. of Gucci Group 2 Business Ethics in Practice Shared principles Shared responsibilities 3 Group Commitments Rules of Conduct Colleagues and Employees Customers and Consumers Shareholders Business Partners Environment and the Communities 4 Implementation and Follow-up 5 Applying the Code of Business Practices 6 Contacts 3 4 6 7 9 10 12 15 16 17 18 GUCCI GROUP CODE OF BUSINESS PRACTICES 2 GucciRead MoreImplementation Of Different Methods Of Business Ethics3162 Words à |à 13 Pagespaper, I have discussed the views of different philosophers. then the causes of un ethical behaviour within an organization and some appropriate solution to cope up with the challenges. Findings ââ¬â The paper finds that on one side the corporation shareholders are conscious of the importance and impact of their ethical behavior to the corporationââ¬â¢s behavior. Results also show that corporationââ¬â¢s stake holders are aware of the impact, ethical behavior, long term existence, growth, and development of the
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