Ethics and management essay

Ethics and governance questions for an organisation Performance Objectives 1 Describe an occasion on which you had to demonstrate ethical behavior? In this regard, I may narrate an instance when I was conducting an audit of a listed client dealing in manufacturing industry. The client will face heavy plenty in this regard and I have all the information regarding this case. Due to which the market position of the client was Unpredictable.

Ethics and management essay

Ethics in Management The Moral rights of stockholders and shareholders Whilst considering the moral rights of stockholders and stakeholders, it is worthwhile to point out the views of Karl Marx. He classified the economic world into 2 classes, those who owned and hired and those who got hired and sold their time and services.

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In the capitalist free market economy, the former class gets richer and Ethics and management essay in number while the later gets poorer and expands in number. In the free market economy, the owners are the investors; people who invest their money and allow inflow of capital in the organization.

With regards to a corporate entity, the owners are the stockholders; similarly, with regards to a small business, the owner Ethics and management essay classified as proprietor; and where more than one business owner exist, the owners are classified as partners Narveson, He emphasized the role of the community as being the owner of business, i.

This business model has failed o produce the desired results and governments around the world are privatizing or denationalizing their assets.

Ethics and management essay

For instance, the rising economies have instigated their determined strategies to denationalization of their state owned enterprises SOEs in past several years. Denationalization shifts the possession from government to the fresh possessor, both civic and personal, which might comprise administration, staff, people in locality, organizations as well as financiers from overseas, whilst the government having a share as well following denationalization.

The corporate governance has become a significant matter with the appearance of branched out possessed structure after denationalization in rising economies of the world Rajagopalan and Zhang, Furthermore, it is fairly easy to designate between the people working within an organization, however that is not the case for the owners of the company, hence even though Marx simplifies it, his simplification is not good enough as the actual situation is far more complicated.

As stated above, usually the owners of the company are those individuals who have invested money or other capital in the business; stockholders are the owners in case of a corporation of a multinational; a proprietor is the owner when we talk about a smaller business or partners own the business when we talk about a business owned by multiple individuals.

Keeping in mind about the statement made by Marx, it is safe to say that the proprietors fit the overall structure but they rarely make up the wealthier sector of the business community and make up individuals like cultivators, farmers, small business owners like home delivery or video shops, etc.

So in order to define what the rights of owners are, it is first important to define the kind of ownership we are talking about. But to define generally, ownership is when an entity, whether an individual or a group, have the right to make the final decisions of what happens to a particular topic or line of action.

This board definition applies to all the owners aforementioned as well as the specific ownerships we are talking about in this paper i. It is important to note here that this definition does not include the legal demographics as legally by the above definition there are very few things that are owned and furthermore fewer actions or decisions that can be made when an individual or an entity is responsible 'owning' them Narveson, A simple way to explain this is that a shareholder might own the machines that are being used in the company but he does not own them in a way that he can just head up to the factory and take one of the machines merely on his ownership rights.

On the other hand, the only control he really has is how and for what purpose these machines are used. This is because the division of what a stockholder own within the company is divided based upon the stocks or shares that he owns, as opposed to every item that is being used in the company.

Hence, taking a machine from the factory because you own say 3 out of theshares in the company is not logical or legal Narveson, That is not saying that sole proprietors should do that or are known to have done that, it is merely stating the fact that they can if they wanted to. Normally, when we are talking about the rights of shareholders, it is important to note that they will have many agreements and contracts with quite a few of the administrative staff, managers and workforce.

These agreements and contracts are typically designed to limit the overall control or monopoly of any one section in a business. This stands true in all circumstances which is why there needs to always be a majority or a consensus when making a corporate decision as there is very little that the 'owners' can truly dictate.

It is important to note here that these contracts can very easily be altered and renegotiated on the willingness of the parties involved.

One way to do this is to perhaps buy out other shareholders in the company and then buy all the contracts that those shareholders initially agreed on and renegotiate the terms. However, this rarely ever happens in corporations and the rights thereof for the shareholders are no more lenient or advantageous than those that are enjoyed by the employees or the managers Narveson, The rights of the stockholders There are of course certain aspects and rights that the stockholders and shareholders enjoy under the brand ownership.

For instance, any and all dividend payments are rightfully the stockholders if there were any made on the stock that he owns. The corporation cannot randomly or on a whim choose to reimburse all the female stockholders with the dividends in one quarter or give extra dividend percentage to a certain caste.

Furthermore, the stockholders have the complete right to decide when they want to sell the shares they own, to whom and at whatever price that they can come to a decision on. Of course, care has to be taken that none of the brokerage ethics are violated when the stockholders sell their shares through the exchange or a sole broker Narveson, The right of shareholders The rights of the employee Every individual brings a unique set of resources to the table, whether as an employee, manager or shareholder.Ethics in Management Ethics in Management PHL/ Personal Ethics Development In life, a persons character says a great deal about the type of moral principles they honor and value.

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