Unethical Practices And Importance Of Whistleblowers Assignment 2022

Ethics/Professional conduct and liability

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UNETHICAL PRACTICES AND IMPORTANCE OF WHISTLEBLOWERS
Table of Contents
Introduction................................................................................................................................2
Analysis of the case studies........................................................................................................2
Case of hiring practices of JP Morgan...................................................................................2
Hiring process of next generation of Chinese elite different from hiring practices in North
America..................................................................................................................................3
Moral principles involved in this case...................................................................................3
Consequences of this practices...............................................................................................4
Whistle blowing policy..........................................................................................................4
OSC Whistleblowing system.................................................................................................4
Conclusion..................................................................................................................................5
References..................................................................................................................................6

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UNETHICAL PRACTICES AND IMPORTANCE OF WHISTLEBLOWERS
Introduction
In this assignment an analysis will be done over the ethical and unethical conducts of various
companies by using different case studies. The unethical practices adopted by JP Morgan in
China have been described. The focus will be given over the whistle blowing concept and its
benefits. Whistle blowing program of OSC is also analysed in order to protect the benefits of
whistle-blowers. An analysis will also be done over the strategies adopted by various
companies regarding moral principles and its consequences.
Analysis of the case studies
Case of hiring practices of JP Morgan
The higher authorities of federal government find out that JP Morgan hired the children of the
leaders of the political parties of China to get a favour from the government of China. It was
found that the Company is adopting immoral hiring practices in China. It has been found that
Company is hiring the children of elite Chinese leaders so that it can get the benefit in
clearing the deals from the government of China. A kind of bribery case is found over here.
However the Company argued that hiring of well-connected people are a part of Chinese
culture but still the federal government found that bankers constantly hire those people which
help them in securing deals. JP Morgan had to pay $264 Million to settle the foreign bribery
(Times, 2020). Most of the people consider the practises of bank as unethical and immoral
because the hiring process should be impartial and unbiased. All the people should get an
equal chance to be hired by the Company but Company has made very partial decisions in
their hiring process for receiving benefit from the political leaders of the China (Veolia,
2020).
The hiring practices of human resource department of the Company in North America do not
prefer the partiality among the candidates on the bases of their political status. JP Morgan
very clearly creates partiality in the hiring process on the bases of political approach of the
candidates that comes into highly immoral and unethical conduct by the Company. This type
of discrimination is also found illegal because every person of the country should get an
equal opportunity to be hired by every country (A Crane, 2019).