ETHICS AND GOVERNANCE CASE STUDY 2022

Running Head: ETHICS AND GOVERNANCE
0
CASE STUDY
Ethics and
Governance
Ethical behavior and decision-making
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ETHICS AND GOVERNANCE 1
Executive Summary
Ethics are the morals or values which affect the decision making and lives of
individuals according to some evaluating situations which can be ethical or unethical. The
ethical theories are to study the management guide in the business of the company and to
evaluate the individuals’ values while looking at the ethical consequences. The theories are to
relate the values of individuals for justifying the mentioned principles. For making a sound
decision, the model of ethics for individuals is the AAA model which involves steps to
follow. The APES Code of Ethics work-study involves applicability of the qualified
accountants.
Contents

ETHICS AND GOVERNANCE 2
Introduction................................................................................................................................3
Part A: Theories of Ethics..........................................................................................................3
Theory of Egoism...................................................................................................................3
Theory of Utilitarianism.........................................................................................................4
Theory of Deontology............................................................................................................5
Part B: Ethical decision-making model......................................................................................5
Part C: APES 110.......................................................................................................................6
Conclusion..................................................................................................................................8
References..................................................................................................................................9

ETHICS AND GOVERNANCE 3
Introduction
The moral values which affect the decision-making and lives of individuals are
termed as ethics. This term describes the moral philosophy where ethics is concerned with the
positive aspects of individuals and society. Moreover, ethics comes from religion, culture,
and philosophy (Trevino & Nelson, 2016). In business point-of-view, the moral values in the
company’s environment which describe every individual’s personality and their behaviour.
The behaviour can be good or bad when it is in terms of business and approved by society
(Crane, Matten, Glozer, & Spence, 2019).
According to the case study, it includes fair treatment for employees and providing a
good environment to them when performing business activities effortlessly which counts
attitude, morals helps in welfare of the society, productivity improvisation, profit increment
and expansion in maintaining business relations. In this case study, the aim is to evaluate the
different aspects of ethical behaviour by applying numerous ethical theories; AAA ethical
decision model with APES 110 code of conduct for the members of the company are
discussed.
Part A: Theories of Ethics
The ethical theories define the perspectives for individuals who look for supervision
at the time of decision-making. Every theory points out different rules including outcome
expectations and one’s duties to follow the order to reach out for the correct ethical decision
for gaining the profits for the company through moral values (Fryer, 2016).
Theory of Egoism
Ethical Egoism is when an individual is achieving something for its own self-interest
and no one attains the right of promoting someone else’s interests. It is an inflexible theory in
which the only thing matters is to behave ethically (Westacott, 2019). This theory goes
contrary to the values of fairness and gives own self the maximum importance. To promote
the common good, every individual is chasing their own self-interest. Any individual chasing
self-interest leads to the whole society’s benefit as well; they are motivated for working hard
to achieve the goal for their own benefits. The main thing that matters is the overall welfare
of society for promoting the common goal. Sometimes, the dispute occurs is not always true
but it is important to chase balanced self-interest concerning for others without thinking about
the best outcome because it is not possible every time (Overall, 2016). In the give case study,