Ethics and Sustainability in the Hospitality Industry

Running head: ETHICS AND SUSTAINABILITY
ETHICS AND SUSTAINABILITY
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1ETHICS AND SUSTAINABILITY
Part A
Introduction
Ethics and ethical principles are essentially moral notions that are imbibed in a particular
framework, organizational or otherwise, to ensure acceptable conduct. In light of the same the
following paragraphs will seek to elaborate on ethical considerations to be undertaken when
functioning as a body corporate in the hospitality industry.
Ethical consideration 1
The Ibis chain of hotels in Sydney faced various allegations of fabricated financial
statements that are marked with unreported profits which the company has not disclosed. In light
of the same as a body corporate the hotel has an ethical obligation to produce true and accurate
financial reports during audits in order to adequately observe their duties under principles of
corporate governance.
Ethical Frameworks
The utilitarian approach agrees with the profit earning motive of corporations however it
ensures that the statements made in any disclosure document is true and accurate as the same is a
part of the optimal utilization of resources (the accounting and management personnel) who draft
the same. This approach is based on utilization of available resources of a company in such a
way that the maximum possible revenue is obtained (Maddux & Maddux, 2010). In other words,
the idea ensures the optimum utilization of resources including human resources. Thus if this
framework was to be ideally enforced the accounting and management personnel must be
utilized in a way that brings out the most accurate image of the company’s finances (DesJardins