Ethic and Governance Report 2022

Running head: ETHICS AND GOVERNANCE
ETHICS AND GOVERNANCE
Name of the student
Name of the University
Author Note

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ETHICS AND GOVERNANCE
Table of Contents
Introduction......................................................................................................................................3
Part A...........................................................................................................................................3
Part B...........................................................................................................................................6
Part C...........................................................................................................................................8
Conclusion:....................................................................................................................................11
References:....................................................................................................................................12
Introduction
Each company and organization should follow professional ethics while carrying its
business activities. Ethics are the base of a company which help the organization to make proper

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ETHICS AND GOVERNANCE
relation with the employees and society. All the companies should have proper ethics rule and
regulation then the employees could have work as per the need and preference of the company.
The report shows about a company which is not able to follow a proper HR policy related to the
payment of wages. The report is divided in to three parts. The first Part shows the different
theory which the company should apply in taking necessary decisions. The second part is about
the AAA model in regards of the COO of the company. The last part of the report shows about
the APES 110 and it shows how the company is meeting the requirements and able to react the
same.
Part A
The theory of Egoism is an ethical philosophy that treats the theory of one’s self interest.
The motivation and the goal of one’s own activity. The theory refers to the people that are
motivated by their own desires, plans or interest which the person cannot be explained otherwise
(Broad 2014). According to the case Mr. Goodrich is the COO of the company. He is a
successful man, who has never failed in his life. The company needs Mr. Goodrich as after the
CEO and the CFO, the COO who run the company. Mr. Goodrich has never missed out any
performance bonus as because he has always delivered the results on time and in an accurate way
which is sign of fine manager. The investors of the company also loved him for this reason. The
accountant manager and the HR manager has come up to him with a bad news that they have
been short on the payment of the wages. The manager gets very angry after hearing this and
decides to sack the HR manager and tell the Account manager to provide some financial reports
and files on the above and also tells the manager to delete all the files and information related to
this case. The behavior of the manager is very much rude and selfish as the manager think for the
company first. The manager has a lot of ego as because he is successful man he is not ready to

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listen to others decision. The manager only thinks about himself and about his position. From the
behavior it is can be concluded that the manager only think or take the decision from which he
will be benefited.
The theory of Utilitarianism is the theory that shows that a company person should be
able to decide after considering everyone (Hayry 2013). This theory propose that the decision
taken by the person is not based on the person’s self-interest but the decision has been taken after
considering everyone. According to this theory an individual is able to keep a track on the impact
of his decision on the everyone and thus the decision taken by the individual will be beneficial
and can safe interest of many people.
According to the case study given in the question, which shows that the COO of the company is
not able to attain this theory of utilitarianism. The decision which has been taken by the COO is
not in the favors of the others, the decision taken is more favored on the self-interest of the
company. According to this decision the company would not have to invest more in the business.
The theory of Utilitarianism could be applied on the condition if the COO take the decision as
per the guidance of the account manager of the company Arnold in regard of payment of wages
to their employee, then the decision would be move forward to the higher authority and the it
would be recommended by them to rectify the errors and solve the problem. Mr. Goodrich is not
able to take the decision in favor of others. The COO has taken the taken the decision on the
basis of self-interest of the company which will be good for the company and for him. This
indicates that the MR Goodrich the COO of the company has unable to apply the theory of
Utilitarianism.
As per the concern of the account manager, the manager utilize his power to change the HR
policy of the company, then the employee’s get the required amount of salary which they deserve