Business Law Case Study - (Doc)
Added on 2020-03-15
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BUSINESS ETICS2Table of ContentsQuestion 1........................................................................................................................................3Question 2........................................................................................................................................4Question 3........................................................................................................................................5Question 4........................................................................................................................................6References........................................................................................................................................8
BUSINESS ETICS3Question 1When it comes to the key personnel of any company, they are under an obligation to work in a legal and ethical manner, where their managerial skills are highlighted. There is a needto strictly adhere to the laws which have been drawn under different legislations. There is also a need to uphold the moral and ethical values (Noddings, 2013). Ethics are deemed as the governing codes which form the foundation of the behaviours and the decisions undertaken by a person, along with being influenced by the values and the morals which a person upholds. When faced with different choices, the person needs to adopt an ethical approach and has to undertakensuch decisions, which are channelled by positive morals and ethical values. There is also a need to behave in a managerial manner, particularly when they hold a position where they have an influence over the others (Dewey, 2016). In the given case study, Corzine did not work in a legal, ethical and managerial manner. This is because Corzine transferred million of dollars of consumer assets for covering the bank overdraft, which was posing as a threat over the financial position of the firm. This was a misuse of all the professional standards and laws, as this presented a false view of the finances of the company, instead of its true and fair position. However, this was not done by Corzine directly and even O’Brien agreed that she was not forced to do so. So, Corzine did not indulge directly inany unlawful act.However, there was an unethical and a non-managerial conduct undertaken by Corzine ashe asked his subordinates to undertake unethical work. He abused his official position, which is deemed as an ethical breach. Abuse of power is the malfeasance in office which affects the performance of the official duties (Zgheib, 2014). When a boss uses his official position in an
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