Business Ethics 3 page paper on a scenario
Business Finance
In groups of 3 please answer the following question:
A friend asked for your advice. He said that he worked for a public company in the financial department. He knows that the company violated labor wage laws and under-reported wages to save money on required payments for workers’ compensation insurance. He believes they may have committed other financial improprieties but doesn’t have direct knowledge. He feels he helped perpetrated a fraud and may have himself engaged in unlawful conduct. He feels particularly aggrieved because he says he always is very careful to complete his tax returns in a completely honest manner. He wants to know if he ethically should report this information to either the internal hotline or to governmental authorities. He is concerned that he would be identified as the source of the report and be fired.
Please write a 3 page double spaced (11 point font) report
1.Advising your friend as to how he should proceed if he wants to act ethically. You should apply the three ethical frameworks to the situation as appropriate and the ethical decision making process. I am most interested in your reasoning.
2.Assuming the company experienced these lapses by its managers and employees from time to time, what steps would your advise the company to take to (a) lessen the likelihood of managers and employees not following legal requirements and also (b) to let them know that they are expected to always “do the right thing”.
I will post powerpoint slides to help you complete this assingment
