Q&A discussion for the business ethics


Q&A discussion for the business ethics

1. title: whistle blowing According to Ian Dewing and Peter Russell article on Whistleblowing, Governance, and Regulation before the Financial Crisis, the world of employment becomes a jungle as a result of many misconducts and unlawful activities whether it is from managers or other employees. The behaviors that damage and annihilate the interests and safety of others occur in the form of suspected abuse, a fraud or a law infringement. People who raise the alarm on such cases to the management of the organization or the general public as a complaint are referred to as whistleblowers. Whistleblowing is a situation in which an individual in or outside the company witnesses a transgression and informs the public or an organization. In the case of HBOS in the United Kingdom, Moore raised the concerns on the procedures and systems that were internally used by HBOS, but his claim was dismissed. Moore later reported HBOS externally to the Financial Services Authority as a regulator, but the allegations were dismissed, and he ended up signing a financial agreement which included a non-disclosure clause. The case of Moore and HBOS gives insights into supervision and regulatory attitudes and practices in banking that in due course contributed to the economic predicament. During the inquiry about the bank crisis, the Treasury committee would not have known about Moore had he decided not to support his argument with a written evidence. In cases where the employees do not feel safe in speaking out within the organizations they are working in, they are more likely to seek remedies outside the organization. Some of these remedies include taking the complaints to the government and non-government agencies, media, or pursuing legal options that can result in massive losses. For example, Moore used Financial Service Authority to report the HBOS to the public. 2.M4D1: Conflicts of Interest Right-Wrong Decisions There is a difference in making a right-wrong decision and making a right-right decision. Gunia (2012) Right-wrong decisions represent an especially important subset of moral decisions because they are common and consequential. Unlike right-right decisions which involve a difficult choice between competing moral values (e.g., justice and mercy), right-wrong decisions pit a moral value (e.g., honesty) against basic self-interest (e.g., lying to get ahead). If you intentionally choose to make an immoral decision, one that society would judge against, you have made a right-wrong decision. If you make a decision that you feel is the right one to you and that society would approve, you have made a right-right decision, even if it turns out wrong. As leaders and managers we need to be aware of the types of decisions we make, our employees will be using us as a reference of what is right or wrong, moral or immoral and they will be making their decisions based on the choices they see us make. As leaders we need to slow down and evaluate the decisions we make, especially the right-wrong ones. I NEED PERSONAL STATEMENT WITHIN 1HOUR ONE PARAGRAPH FOR EACH ONE OF THEM. THANK YOU.

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